Enjin Coin (ENJ) Hits Market Cap of $425.97 Million

Enjin Coin (ENJ) traded up 5.6% against the US dollar during the 24-hour period ending at 18:00 PM Eastern on January 25th. One Enjin Coin token can currently be purchased for about $0.43 or 0.00001842 BTC on popular exchanges. Enjin Coin has a total market cap of $425.97 million and $43.44 million worth of Enjin Coin was traded on exchanges in the last day. During the last week, Enjin Coin has traded up 14.7% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 1.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 3.1% higher against the dollar and now trades at $0.0608 or 0.00000264 BTC.
• CareCoin (CARES) traded up 3.1% against the dollar and now trades at $0.0755 or 0.00000328 BTC.
• OmniaVerse (OMNIA) traded up 1.2% against the dollar and now trades at $0.0021 or 0.00000009 BTC.
• Kitty Inu (KITTY) traded up 3.1% against the dollar and now trades at $93.45 or 0.00405857 BTC.
• Lunar (LNR) traded down 2.2% against the dollar and now trades at $0.0279 or 0.00000121 BTC.
• Hokkaidu Inu (HOKK) traded 12.9% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• QANplatform (QANX) traded 3.1% higher against the dollar and now trades at $6,559.51 or 0.28488170 BTC.
• 2G Carbon Coin (2GCC) traded 0% lower against the dollar and now trades at $135.32 or 0.00587699 BTC.
• Lego Coin (LEGO) traded 5.9% lower against the dollar and now trades at $0.0406 or 0.00000176 BTC.

Enjin Coin Profile

Enjin Coin launched on June 23rd, 2017. Enjin Coin’s total supply is 1,000,000,000 tokens. Enjin Coin’s official message board is enjin.io/blog. The Reddit community for Enjin Coin is https://reddit.com/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.”

Enjin Coin Token Trading

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