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Enjin Coin leads the top 100 cryptocurrencies with an 11.6% gain over the past 24 hours.
Enjin Coin Price Analysis
The coin’s weekly price performance was also impressive, registering the second largest gain over the period at 20.7%. ENJ jumped to the top with Injective, where he grew 23.7% over the past seven days.
Its year-to-date movement has broadly followed the market leader, and since January 1st, ENJ has transitioned into a strong upward trend, peaking at $0.5692 on February 23rd, corresponding to a 134% gain.
The ensuing drawdown bottomed out about two and a half weeks later, with support at $0.3340. Unfortunately, it was also part of a broader trend that impacted the rest of the market.
Enjin Coin’s recovery has been somewhat muted since then, reaching $0.4510, or a 35% gain. In contrast, after finding support at $19,560, Bitcoin he peaked at $29,203 and in three weeks he is up 49%.
Since March 28th, ENJ has been trending upwards on the daily chart. However, the move plateaued today as it broke above the previous resistance level of $0.4510, pushing the bulls slightly closer to $0.50 and hitting a 40-day high.
The move was accompanied by significant trading volumes as seen during the frenzied time of the New Year. Similarly, the Relative Strength Index (RSI) shows that the current momentum is holding up, with the indicator heading into overbought territory.
new look platform
April 4th, engine coin We tweeted details about the upcoming new platform user interface (UI). This includes a sneak peek of the changes. The idea behind the update is to simplify development on-chain, he said Enjin Coin.
Advertised benefits include the ability to approve and freeze assets from the interface. All of these are designed to make tokenization more manageable.
“The new platform makes it easy to create collections, tokens and beams.
any #gamedev Approve, freeze, modify, and discard assets all from within the easy-to-use UI platform. ”
Similarly, the project’s NFT.io The market is approaching public opening.up to date development update Further work on the Create Asset page has improved usability and added a verified user badge.
The update also mentions the successful completion of beta testing of Beam, which it calls “QR-powered blockchain asset distribution service.”
use beamdevelopers can tailor rewards and assets to better engage with their audience.
