Enjin Coin is a project initiated by Enjin, an enterprise that offers a network of linked gaming products based on blockchain technology. Enjin’s prime product is the Enjin Network, which is a social gaming platform that enables its users to design websites and clans, communicate, and manage virtual item marketplaces.
Enjin provides a means for game developers to convert in-game items into digital assets on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value ENJ token is ranked #88 with a market capitalization of nearly $470million. The current market price of the token is $0.47 USDT
The ENJ/USDT chart has broken out of the triangle pattern on the daily time-frame with a significant surge in buying volume. The token jumped by over 10% in the past 24 hours. We could expect the positive momentum to continue throughout the next few days.
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