- Enjin Coin (ENJ) has been the top performing cryptocurrency over the last 24 hours and the second-highest gainer over the past 7 days.
- The coin is currently trading near a 40-day high after teasing a new platform User Interface (UI).
- Enjin Coin’s NFT.io marketplace is also close to its public release.
Enjin Coin Outshines Top 100 Cryptocurrencies
Enjin Coin (ENJ) has outshined its peers in the top 100 cryptocurrencies over the last 24 hours, posting 11.6% gains and 20.7% gains over the past week. Since January 1, ENJ has moved into a strong uptrend, peaking at $0.5692 on Feb. 23 – equating to 134% gains since then. This all-time high was followed by a drawdown that bottomed some two and a half weeks later at $0.3340, before beginning to recover towards its current price of around $0.50 – marking a 40-day high for ENJ. The move was accompanied by significant volume and an RSI indicating that momentum remains intact as it heads towards overbought territory.
New Platform UI Teased
On April 4, Enjin Coin teased details of its upcoming new platform User Interface (UI), which is designed to simplify development on its chain by allowing users to easily create collections, tokens and beams; approve, freeze, mutate and destroy assets from within one easy-to-use interface.
NFT Marketplace Close To Public Release
The project’s NFT marketplace is close to public release too; with this offering set to deliver further utility beyond tokenization for developers on Enjin’s blockchain network.
Conclusion
In conclusion, Enjin Coin continues to impress with its performance across multiple metrics and indicators; outperforming many of its peers in terms of both short term price movements as well as market sentiment surrounding upcoming developments such as the new User Interface (UI). Furthermore, with their NFT marketplace close to public release too – it appears that there may be more growth ahead for ENJ holders in 2021!
„Buy The Dip“ Strategy Becoming Popular Again
.With Bitcoin prices skyrocketing recently, many investors have returned back to “buy the dip” strategy again – buying when prices drop instead of waiting for them rise again – making Enjin Coin an attractive prospect right now given their recent run up in price!