• Enjin Coin (ENJ) is today’s top gainer in the crypto market, having gained 15.70% in the past 24 hours.
• The sudden price surge of ENJ has pushed the token for a 51% growth over the past seven days.
• The recent development update to the Enjin network appears to have energized ENJ buyers as they anticipate the Enjin ecosystem to witness extensive growth in the coming months.
Today marks a major milestone for the cryptocurrency market as Enjin Coin (ENJ) has surged to become the top gainer of the day. According to CoinMarketCap, ENJ has gained 15.70% in the past 24 hours, pushing the token to an all-time high of $0.4524. This marks a 51% growth for the token over the past seven days.
The sudden price surge of ENJ has come as a surprise for many crypto traders and investors, as the token is not known for large price movements. But what is the reason behind this sudden surge?
The answer may lie in the recent update to the Enjin network, the parent blockchain of Enjin Coin cryptocurrency. The Enjin network allows game developers to tokenize in-game items on the Ethereum blockchain. This has allowed the platform to gain massive traction among developers since its inception, and the recent update appears to have energized ENJ buyers as they anticipate the Enjin ecosystem to witness extensive growth in the coming months.
The recent development update to the Enjin network includes the launch of a new product called EnjinX. This product is designed to be an all-in-one blockchain explorer that provides users with access to all their blockchain assets, as well as information on their balances, transaction history, and more. It also features a new portfolio tracking system that allows users to easily track their holdings across multiple blockchains.
The Enjin team has also added several new features such as the Enjin Marketplace, which allows users to buy, sell, and trade blockchain assets. This is a major step forward for the platform as it allows users to easily monetize their in-game assets and create an entirely new market for in-game items.
Finally, the team has also released a new feature called Enjin Beam, which allows users to quickly and securely transfer blockchain assets from one wallet to another. This feature is especially useful for game developers who want to quickly move their in-game assets between different wallets.
All these new updates have helped to drive the price of ENJ higher and could be the reason for the token’s sudden surge in value. It is likely that with more updates and features being added to the Enjin network, the value of ENJ could continue to rise in the coming days.