Enjin Coin Price Down 2.9% This Week (ENJ)

Enjin Coin (ENJ) traded 3.1% higher against the dollar during the 1 day period ending at 22:00 PM E.T. on September 22nd. In the last seven days, Enjin Coin has traded down 2.9% against the dollar. Enjin Coin has a total market cap of $485.10 million and approximately $50.42 million worth of Enjin Coin was traded on exchanges in the last 24 hours. One Enjin Coin coin can currently be bought for $0.49 or 0.00002507 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0504 or 0.00000261 BTC.
  • CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0626 or 0.00000324 BTC.
  • OmniaVerse (OMNIA) traded up 5.2% against the dollar and now trades at $0.0044 or 0.00000023 BTC.
  • Euro Coin (EUROC) traded down 0% against the dollar and now trades at $0.83 or 0.00004289 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.13 or 0.00010983 BTC.
  • AXIA Coin (AXC) traded 0% higher against the dollar and now trades at $13.43 or 0.00069573 BTC.
  • MVP Coin (MVP) traded 28.6% lower against the dollar and now trades at $2,053.00 or 0.10636024 BTC.
  • Lumi Credits (LUMI) traded up 1.4% against the dollar and now trades at $0.0051 or 0.00000026 BTC.
  • Tarality (TARAL) traded down 11.3% against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded up 213.7% against the dollar and now trades at $517.71 or 0.02213862 BTC.

Enjin Coin Profile

Enjin Coin was first traded on June 23rd, 2017. Enjin Coin’s total supply is 1,000,000,000 coins. The Reddit community for Enjin Coin is /r/EnjinCoin and the currency’s Github account can be viewed here. Enjin Coin’s official Twitter account is @enjin and its Facebook page is accessible here. Enjin Coin’s official website is enjin.io.

According to CryptoCompare, “Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.Enjin Coin (ENJ) is 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, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:Infuses them with a reserve valueEnsures their transparency and scarcityGives them instance liquidityProvides utility in games and appsAnti-inflationaryEnjin's “melting” functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.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 over the course of a decade.In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.”

Buying and Selling Enjin Coin

It is usually not presently possible to buy alternative cryptocurrencies such as Enjin Coin directly using U.S. dollars. Investors seeking to acquire Enjin Coin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Enjin Coin using one of the exchanges listed above.

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