Enjin Coin (ENJ) Soars 15.7% – New Development Update Energizes Investors
•Enjin Coin (ENJ) has gained 15.70% in the past 24 hours, making it today’s top gainer in the crypto market.
•The recent development update to the Enjin network, the parent blockchain of Enjin Coin, appears to have energized ENJ buyers.
•The update enables game developers to tokenize in-game items on the Ethereum blockchain, which is expected to lead to extensive growth of the Enjin ecosystem in the coming months.
Today has been a positive day for the cryptocurrency market, with one of the top gainers being Enjin Coin (ENJ). At press time, ENJ had gained 15.70% in the past 24 hours and was trading at about $0.4265. This price surge makes ENJ today’s top gainer in the crypto market, with KAVA coming in second with a 10.14% rise, and Hedera (HBAR) coming in third with a 9.50% rise.
But what is behind this sudden and unexpected price surge? Enjin Coin is part of the Enjin network, which is a blockchain-based platform that allows game developers to tokenize in-game items on the Ethereum blockchain. This 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.
The update enables game developers to tokenize in-game items on the Ethereum blockchain, which will allow players to own, trade, and mint their own virtual assets. This opens up new avenues for game developers in terms of monetization, as they can now create and distribute their own digital assets to players who can then use these assets within their own games. This is expected to lead to extensive growth of the Enjin ecosystem in the coming months.
The Enjin network also features a range of other features such as its Enjin Wallet, EnjinX blockchain explorer, EnjinCraft server software, and Enjin Beam QR code scanner, amongst others. All of these features are designed to simplify the process of creating and managing digital assets, as well as providing a host of other benefits for developers and players alike.
The recent surge in Enjin Coin’s price is a sign of the growing confidence in the Enjin network, and with the new development update, it is likely that this trend will continue. With the growing popularity of blockchain-based gaming and the potential of the Enjin network, it is no surprise that many investors and traders are keeping a close eye on the token.