- Enjin coin (ENJ), had gained 15.70% during the past 24 hours as of press time.
- ENJ currently trades at $0.4265
- Today’s price surge makes ENJ today’s top gainer in the crypto market.
Today, Enjin Coin (ENJ), has been the most talked about crypto asset after it jumped by approximately 16% to become today’s best crypto gainer according to data from CoinMarketCap. KAVA is the second biggest gainer, with a gain of 10.14%. Hedera (HBAR), on the other hand, has gained 9.50%, adding to the 41% increase in the past two week.
Although it was trading at $0.4265 when this writing occurred, the Enjin Coin price reached a daily record of $0.4524 earlier today.
Why is Enjin Coin prices rising today?
Enjin Coin is not known for colossal price movements, making today’s price surge a surprise for many crypto traders and investors. Today’s hike actually pushed the token for a 51% growth over the past seven days.
What is driving the ENJ price up? Here is a deep dive into the behind-the-scenes pushing the token’s price up.
Enjin network, which is the parent blockchain of Enjin Coin cryptocurrency allows game developers to tokenize items in-game on the Ethereum blockchain. While the protocol’s influence among developers has grown since its inception, the recent development update to the platform appears to have energized ENJ buyers as they anticipate the Enjin ecosystem to witness extensive growth in the coming months.
Enjin wallet, NFT.io (a new token marketplace for non-fungible tokens) was recently launched. There are also three core Enjin tooling product launches. These changes make it attractive and simple for game developers. Enjin is now positioned as a hub in the expanding world of Web3.0 gaming.