Following the rising parallel channel pattern, the Enjin (ENJ) coin has risen 52% in the last four weeks. In theory, this bearish continuation pattern should resume the prevailing downtrend if the price breaks with the support and line. Will the upcoming pullback trigger this pattern? Key points: The expected correction may drop ENJ prices by The post ENJ Price Analysis: ENJ Is Poised...
The Enjin Coin(ENJ) price rebounded from the breached resistance trendline, suggesting the trader's sentiment has turned from selling on rallies to buying on the dips. Furthermore, the post-retest rally drove the altcoin by 17.5%, nearing the combined resistance of $1.9 and 200 DMA. Can traders breach this overhead resistance? Key points: The daily-MACD indicator performs...
Efinity joins the league of Polkadot parachain slot auction winners–Acala, Moonbeam, Astar, Parallel Finance, and finally, Clover Finance. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency–DOT....
The ENJ token presented an impressive recovery from its minor retracement phase. The token surged around 50% from this week's low and has also breached the All-Time High Resistance of $3.53. The token price sustaining above this resistance should initiate a strong rally in ENJ. Key technical points: The ENJ token price action forms a The post Enjin Price Analysis: The Technical Chart...
The ENJ token retraced up to 20% after facing resistance near the 3.5 mark resulting in a falling channel formation. However, the chances of the falling channel giving a bullish breakout increase as the technical indicators take the bullish side. Hence, buying at current prices has its risk; that is why the channel's breakout can The post Enjin Price Analysis: Is It The...
Social gaming platform Enjin has announced $100 million of funding for the Efinity Metaverse. This aims to support Enjin, Efinity adopters, and third parties in developing a whole host of projects, including integrations, gaming, and decentralized infrastructure, to build out the Efinity Metaverse. "We've formed a US$100 million Efinity Metaverse Fund to...
Powered by BXR token, Blockster is a recently launched social network for blockchain and cryptocurrency communities. The recently launched social network recently announced a partnership with the popular NFT platform Enjin (ENJ). The partnership is aimed at helping Blockster to reward early users of its social network with NFTs. According to a press release shared with Altcoin Buzz, the partnership will help...
Introducing the latest and greatest projects weekly, AltcoinBuzz proudly presents its first "Coin of the Week". This week, it runs on Enjin and might leave skid marks when you see its price last year - Efinity! Today we present the Efinity (EFI) coin and project developed by Enjin. Here, we explain why we're so excited about Efinity, the risks involved, the composition of...
Introducing the latest and greatest projects weekly, AltcoinBuzz proudly presents its first "Coin of the Week". This week, it runs on Enjin and might leave skid marks when you see its price last year - Efinity! Today we present the Efinity (EFI) coin and project developed by Enjin. Here, we explain why we're so excited about Efinity, the risks involved, the composition of...
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain. Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users...
Popular blockchain-based gaming platform, Enjin (ENJ), continues to show that it is far more than just an NFT platform. In line with this Enjin (ENJ) has announced that it was now a member of the United Nations Global Compact. The blockchain-based gaming platform confirmed this announcement via a press release shared with Altcoin Buzz. Joining the UN Global Compact also further reiterates Enjin’s...
Following Kraken’s listings of Enjin (ENJ) on May 14 and Polygon (MATIC) on May 17 for most countries, Kraken is excited to announce the availability of Polygon and Enjin trading for residents of the USA, Canada and Australia. Trading for both assets are open so… The post MATIC & ENJ deposits and trading starts now for...
Total spot trading volume was $847.7M, 27.84% above the 30-day average of $663.1M. The top 5 tokens by volume traded were, respectively, Bitcoin, Ethereum, Tether, Polkadot, and Ripple. It was a strong day for Polkadot, which reported 28% increase against the USD....
Several major participants in the cryptocurrency space in recent times have shown renewed interest in facilitating environmentally-friendly activities. Not to be left out, Enjin (ENJ) has announced that it is now a member of the Crypto Climate Accord. This move is in line with its plans to become carbon- negative. The Crypto Climate Accord is an organization focused on eliminating carbon emissions caused by...
Top game network built on the Tron network, “Tron Game Center” has announced a strategic move to popular blockchain gaming, and NFT platform Enjin (ENJ). In line with this, the game network has also changed its name from “Tron Game Center” to Pandemic Multiverse. Interestingly, the game network will now be live on Enjin (ENJ) popular gas-free, and eco-friendly blockchain JumpNet. Interestingly, Enjin...
Top NFT and blockchain gaming platform, Enjin (ENJ), has strategically partnered with liquidity unlocking platform, Unbound Finance (UND). The partnership between both platforms is focused on bringing Unbound Finance (UND) stablecoin to both Efinity and Polkadot. Interestingly, Efinity, which is built on Polkadot, is also known as Enjin's proposed NFT parachain. The plan to introduce Unbound Finance UND stablecoin to both Efinity and...
JumpNet is a private (PoA) method of consensus blockchain that offers secure, instant, and gasless on-chain transactions to its users. The NFTs are created by JENJ, an Enjin-backed private token that operates in the JumpNet network. Users can use their Enjin wallet to convert their ENJ tokens into JENJ tokens. In this guide, we will explain how you can create a project and...
Enjin, the creator of Microsoft NFTs announced early access to its gas-free blockchain dubbed JumpNet. According to the press release shared with Altcoin Buzz, JumpNet supports free minting and transacting of NFTs. As a result, projects are moving to JumpNet as fast as possible. Over the last 2 weeks of its launch, JumpNet has attracted more than 50 NFT projects. This list includes...
Ethereum rival Enjin is facing the prospect of posting a massive breakout rally ahead, according to a classic technical indicator and a crucial network update. The mid-cap blockchain project, active since 2009, provides services for building gaming communities and products for game developers. It offers a suite of tools based on a web interface that enables Ethereum digital assets in the form of...
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