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Enjin Coin

Enjin Coin priceENJ

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ENJ
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1 ENJ = 0.3357 USD
Last updated 2024-04-21 17:36:47(UTC-0)

Enjin Coin price live data summary

The live price of Enjin Coin is $0.3357 per (ENJ / USD) today with a current market cap of $463.26M USD. The 24-hour trading volume is $17.21M USD. ENJ to USD price is updated in real time. Enjin Coin is -3.90% in the last 24 hours. It has a circulating supply of 1,379,841,800 .

What is the highest price of ENJ?

ENJ has an all-time high (ATH) of $4.85, recorded on 2021-11-25.

What is the lowest price of ENJ?

ENJ has an all-time low (ATL) of $0.01562, recorded on 2017-11-02.

Enjin Coin price performance in USD

24h7d30d90d1yAll-time
-3.90%+6.14%-30.67%+20.71%-15.19%+1281.30%

Enjin Coin price history in USD

TimeLowHigh
24h$0.3333$0.3549
7d$0.3000$0.3548
30d$0.2682$0.5419
90d$0.2545$0.6867
1y$0.2046$0.6867
All-time$0.01562(2017-11-02, 6 years ago )$4.85(2021-11-25, 2 years ago )

Enjin Coin market information

Market cap
$463,260,382.02
-3.90%
Fully diluted market cap
$604,195,958.17
-3.90%
Volume (24h)
$17,212,123.63
-3.48%
Market rankings
Circulation rate
+76.00%
24h volume / market cap
0.0371
Circulating supply
1,379,841,800 ENJ
Total supply / Max supply
1.8B ENJ
-- ENJ

Enjin Coin ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Enjin Coin Social Data

In the last 24 hours, the social media sentiment score for Enjin Coin was 1, and the social media sentiment towards Enjin Coin price trend was Bearish. The overall Enjin Coin social media score was 1,239, which ranks 383 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,611,687 times, with Enjin Coin being mentioned with a frequency ratio of 0.01%, ranking 204 among all cryptocurrencies.

In the last 24 hours, there were a total of 361 unique users discussing Enjin Coin, with a total of Enjin Coin mentions of 93. However, compared to the previous 24-hour period, the number of unique users increase by 1%, and the total number of mentions has increase by 13%.

On Twitter, there were a total of 3 tweets mentioning Enjin Coin in the last 24 hours. Among them, 0% are bullish on Enjin Coin, 100% are bearish on Enjin Coin, and 0% are neutral on Enjin Coin.

On Reddit, there were 5 posts mentioning Enjin Coin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 17% . Additionally, there were 0 comments mentioning Enjin Coin. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
1
Social score(24h)
1.24K(#383)
Social contributors(24h)
361
+1%
Social mentions(24h)
93(#204)
+13%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
3
+50%
Twitter sentiment(24h)
Bullish
0%
Neutral
0%
Bearish
100%
Reddit
Reddit score(24h)
1
Reddit posts(24h)
5
-17%
Reddit comments(24h)
0
0%

About Enjin Coin(ENJ)

What is Enjin Coin?

Enjin is a community gaming platform established in 2009. Founded by Maxim Blagov and Witek Radomski, Enjin has evolved to become a robust ecosystem offering a range of interconnected, blockchain-based gaming products. Initially, the company focused on the Enjin Network, a social gaming platform where users could create websites, form clans, chat, and set up virtual item stores.

In 2017, Enjin took a significant leap, positioning itself as a leading blockchain ecosystem developer. The company embarked on creating a suite of software products that facilitate the easy minting, management, and trading of blockchain assets. Witek Radomski, the co-founder, played a pivotal role in the development of non-fungible tokens (NFTs), even co-authoring the ERC-1155 Ethereum token standard. This innovation laid the groundwork for game developers and businesses to integrate tokenized digital assets into their strategies, enhancing user engagement and monetization avenues.

Resources

Official Documents: https://docs.enjin.io/

Official website: https://enjin.io/

How Does Enjin Coin Work?

At the core of Enjin's functionality is the innovative concept of tokenizing in-game items on the Ethereum blockchain. This process is facilitated through the Enjin Platform, a development environment where creators can mint new, unique fungible or non-fungible ERC-1155 tokens. These tokens, backed by Enjin Coin (ENJ), can be traded on the Enjin Marketplace or exchanged for their backing ENJ, infusing them with real-world liquidity. The platform operates through a combination of on-chain and off-chain processes, ensuring swift and secure transactions. When a transaction is initiated, a Trusted Platform communicates with the users' smart wallets, updating the game or website instantly with a placeholder until the Ethereum blockchain validates the transaction.

Enjin's "melting" functionality stands as a testament to its commitment to transparency and user empowerment. This feature allows users to destroy their blockchain assets at any time, retrieving the ENJ value embedded within them. This mechanism not only ensures the scarcity of the assets but also provides them with a reserve value, fostering a decentralized economy where assets have tangible value and liquidity.

What is ENJ Token?

The ENJ token, an ERC-20 token issued on the Ethereum blockchain, serves as the main token of the Enjin ecosystem. It acts as a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, which is locked inside the NFTs and removed from circulation, thereby establishing a reserve value and ensuring their scarcity. This unique structure gives the assets instant liquidity and utility in games and apps, fostering a vibrant economy within the Enjin ecosystem. Moreover, the ENJ token operates through a series of smart contracts, which have undergone several audits to ensure their security and reliability.

Enjin Coin’s Impact on Finance

Enjin has significantly influenced the financial sector through its innovative blend of blockchain technology and the gaming industry. By establishing a decentralized platform where virtual in-game items possess tangible value, it has effectively merged the realms of virtual and real-world economies. This groundbreaking move has unveiled fresh opportunities for monetization and investment, empowering gamers to trade and invest in digital assets similarly to how they handle traditional financial tools.

Moreover, the launch of the ENJ token has introduced a novel asset category, expanding investment and trading possibilities that were not accessible before. Given its properties that protect against inflation and its potential to encourage both liquidity and transparency in the gaming sector, the ENJ token solidifies Enjin's role as a pioneer in uniting the gaming and finance sectors. This initiative has the potential to redefine the financial framework in the forthcoming years.

What Determines Enjin Coin’s Price?

In the ever-evolving world of cryptocurrencies, the Enjin Coin price has consistently been a topic of keen interest, largely due to its deep connection with the gaming industry. The ENJ price today is shaped by a myriad of factors including its capped supply and the ongoing projects building on the Enjin multiverse. Predicting the Enjin Coin price often involves analyzing trends in the crypto market and the broader economy.

As the ENJ coin value experiences fluctuations, both enthusiasts and potential investors are monitoring the Enjin Coin price history to gauge the potential trajectory of this digital asset. Keeping tabs on the ENJ cryptocurrency price is essential, and many resort to platforms that offer real-time ENJ price analysis.

Investors who are keen on making informed decisions frequently refer to the Enjin Coin (ENJ) price chart to get a comprehensive view of its performance over time. The current Enjin Coin value is also a reflection of its growing popularity in the gaming sector, where the coin is being used increasingly for buying, selling, and trading Non-Fungible Tokens (NFTs) within the Enjin ecosystem.

At the time of writing, the ENJ market cap stands impressively at over US$240 million, showcasing its growing prominence in the crypto space. Moving forward, many believe that the Enjin Coin price forecast is promising. The platform is garnering substantial attention, receiving millions of global views per month and facilitating a booming market in virtual goods sales across Enjin community stores.

The latest ENJ price trends point towards a bright future, particularly given its potential to revolutionize the creation and management of virtual goods. Many speculate that the ENJ coin price prediction for 2023 might indicate a significant uptick, as more investors begin to recognize the potential of gaming cryptocurrencies. Keeping abreast of ENJ price updates and tracking the ENJ USD price can provide keen insights into its potential growth trajectory.

Conclusion

In the rapidly evolving intersection of gaming and finance, Enjin has emerged as a pivotal player, transforming the virtual goods marketplace with its innovative blockchain network. Founded in 2009, it has burgeoned from a social gaming platform to a blockchain ecosystem pioneer, leveraging the potential of Enjin Coin (ENJ), a robust cryptocurrency facilitating secure and swift transactions within the gaming community. Underpinned by the revolutionary ERC-1155 token standard, the Enjin platform has created a decentralized economy where in-game assets hold tangible real-world value, offering new avenues for investment and monetization. As the ENJ market cap soars beyond US$240 million, both gamers and investors are keenly watching its trajectory, with indicators pointing towards a promising future, fortified by its commitment to transparency, liquidity, and user empowerment.

How to buy Enjin Coin (ENJ)

Buying Enjin Coin on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Enjin Coin (ENJ) .

Trade ENJ perpetual futures

After having successfully signed up on Bitget and purchased USDT or ENJ tokens, you can start trading derivatives, including ENJ futures and margin trading to increase your income.

The current price of ENJ is $0.3357, with a 24h price change of -3.90%. Traders can profit by either going long or short onENJ futures.

Join ENJ copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or ENJ tokens, you can also start copy trading by following elite traders.

Enjin Coin news

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People are also inquiring about the price of Enjin Coin.

What is the current price of Enjin Coin?

We update our Enjin Coin to USD price in real time. Get the live Price of Enjin Coin on Bitget.

What is the 24 hour trading volume of Enjin Coin?

Over the last 24 hours, the trading volume of Enjin Coin is $17.21M.

What is the all-time high of Enjin Coin?

The all-time high of Enjin Coin is $4.85. This all-time high is highest price for Enjin Coin since it was launched.

Can I buy Enjin Coin on Bitget?

Yes, Enjin Coin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Enjin guide.

Can I get a steady income from investing in Enjin Coin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Enjin Coin with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Enjin Coin (ENJ) a good investment?

Enjin Coin (ENJ) is emerging as a leading cryptocurrency, especially within the burgeoning NFT industry. Serving as a comprehensive solution for NFT initiatives, Enjin facilitates the creation, distribution, and management of non-fungible token ventures with ease. The rise in NFT-based projects leveraging the Enjin platform might propel ENJ's price upwards. Enhanced on-chain activities can elevate the demand and valuation of the ENJ token, positioning it as an enticing investment option. As the versatility of NFTs broadens and gains traction, the allure of platforms like Enjin for investors is poised to intensify. With mainstream businesses turning their focus to NFTs and integrating platforms like Enjin, the potential for ENJ's value appreciation grows exponentially.

What is ENJ price prediction?

Predicting ENJ's exact price trajectory over time is challenging, yet historical trends reveal certain pivotal factors influencing Enjin Coin's value: NFT Industry Momentum A surge in enthusiasm for non-fungible tokens (NFTs), coupled with ongoing explorations into diverse NFT applications, can spotlight platforms like Enjin. Such traction can potentially elevate ENJ's market value. Enjin Platform's Adoption Rate Increased usage of the Enjin platform by NFT developers and enthusiasts can bolster ENJ's price metrics. Innovative NFT endeavors can lure more users to the Enjin Marketplace, leading to amplified on-chain transactions and subsequently uplifting Enjin Coin's valuation. Overall Crypto Market Mood The broader crypto market sentiment significantly sways ENJ's price dynamics. A positive investor outlook or risk-on sentiment spurs purchasing, enhancing ENJ's market position. Conversely, risk-averse or pessimistic vibes might prompt ENJ sell-offs, potentially dipping its price.

What is the use case of ENJ?

ENJ, alongside EFI, is a pivotal token within the Enjin ecosystem. Let's delve into ENJ's primary functionalities: Utility Token Enjin's NFTs are intrinsically supported by ENJ tokens, enhancing their authenticity and market credibility. The process of "melting" NFTs back into ENJ inherently reduces ENJ's available supply, which can bolster its market value. Platform Currency Enjin's official NFT marketplace employs ENJ as its primary transactional token, facilitating purchases, sales, and trades of digital assets. Tradeable Digital Asset ENJ stands as a valuable crypto asset, available for trading against various cryptocurrencies, benefiting from market fluctuations. Those bullish on Enjin's prospects may opt to hold (HODL) ENJ long-term. To make an informed decision, always monitor ENJ's real-time price, market cap, current supply, trading volume, and relevant cryptocurrency news.

What makes Enjin Coin unique?

Witek Radomski, Enjin's co-founder, emphasizes that every token on the Enjin Platform is backed by ENJ, infusing in-game assets with real-world liquidity. This innovation spearheads blockchain gaming and real-world gamified platforms. Blagov, from Enjin, envisions a future where gamers widely use ENJ-backed items, possibly unaware of its foundation. The combination of Enjin's utility and the limited supply of the ENJ token underscores the project's value. Kriptomat leverages Enjin's technology, offering "The Dragon Riders" rewards. Users earn the Kripto currency, redeemable for perks like discounts and unique collectibles, further enriching the gaming and trading experience.

What gives ENJin Coin value?

Developers need to lock ENJ tokens in order to mint virtual items. When a player obtains these items, they can use them ingame, trade them, or even sell them for ENJ. On top of that, Enjin has a limited supply, with the maximum supply locked to 1 billion.

How many Enjin (ENJ) coins are in circulation?

Enjin Coin has a total supply of 1,000,000,000 ENJ tokens with only 823,130,411 ENJ tokens in circulation. The current data shows that there are 65,902 Enjin Coin holders. On top of that, over 10 million ENJ tokens have already been taken out of circulation and locked into ERC-1155 tokens that are being held by 127,616 collectors.
Cryptocurrency investments, including buying Enjin Coin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Enjin Coin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Enjin Coin purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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ENJ is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support ENJ trades.
You can trade ENJ on Bitget.

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Total profit $3,800.71

ENJ resources

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