Is the gaming industry poised for a future revolution? It is a tricky question, but blockchain technology seems to provide a way to improve gaming. An early precursor to this is the Enjin coin.
Every new project that has the potential to grow within the next few months deserves your attention as an investor. One such project is Enjin Coin (ENJ), an Ethereum token intended to simplify the use of non-fungible tokens (NFTs) for businesses and individuals.
Enjin’s ecosystem uses ENJ to return the value from NFTs minted directly. A growing number of experts believe the Enjin coin has the potential to flourish in 2023.
To help you out, here’s an Enjin coin price prediction for the next few weeks. Technical analysis and forecast of the Enjin coin price can assist you in developing a robust investment strategy. Let’s explore below.
Enjin Coin (ENJ) Overview and Price Prediction
According to the latest price data, Enjin Coin is trading at $0.41 against its USD rate, with a price change of -1.32% in the past hour. With a marketcap of $414,140,371, ENJ traded for $316,126,894.00 in 24 hours. As a result, Enjin Coin (ENJ) ranks 79th on the cryptocurrency market.
Considering the Enjin Coin (ENJ) forecast price level and technical analysis, we expect the ENJ price to play around $0.38 in 2023. In January 2023, we expect Enjin Coin to reach a minimum value of $0.34.
According to our predictions, Enjin Coin will trade between a maximum of $0.40 and a minimum of $0.37 in February 2023.
e-Toro: A Low Fee Broker to Buy Enjin Coin
By investing in ENJ through an online broker or exchange, you can take advantage of the NFT craze. e-Toro is a top broker that offers a low-cost way to purchase Enjin coins starting at $10. If you decide to sell it, they will charge you 1% on the purchase and 1% on the sale.
e-Toro will store your ENJ until you want to sell it – you don’t need a crypto wallet. About 328,000 investors follow the Enjin price on e-Toro.
As a Crypto Exchange Provider, E-Toro Stands Out for Two Reasons
To begin with, e-Toro is heavily regulated by :
- The Financial Industry Regulatory Authority (FINRA)
- The Securities Investor Protection Corporation (SIPC) regulations
- The Financial Crimes Enforcement Network (FinCEN) as Money Services Business
- Other regulators include:
- Regulatory authorities in the UK are the Financial Conduct Authority (FCA)
- The Australian Securities and Investments Commission (ASIC) in Australia
- The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
Second, e-Toro is a pioneer in what we call ‘social trading.’ The concept of social trading is to break down the barriers between individual investors and to allow them to do business together.
What Makes Enjin So Valuable?
The tech community has been paying much attention to NFTs in the crypto world. Are you interested in using NFTs? How about a marketplace to list them on and a wallet to handle them? Enjin comes into play here.
Previously, you couldn’t accomplish this with one product line, but now you can. You can launch NFT projects with Enjin, which will help you generate new revenue sources and accelerate your economic growth.
As with other top-tier coins, investors should do a technical analysis before investing in Enjin. You will better understand whether to invest in the crypto coin. There is magic in gaming with a decentralized network.
Enjin offers game developers a complete package, from building games to earning money. Its concept is so great that it is always evergreen and will be a top gaming project for years to come.
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