Enjin Coin is up 11.6% in the past 24 hours, leading the top 100 cryptocurrencies.
Enjin Coin Price
ENJ’s weekly price performance was also impressive, making it the second-biggest gainer over the same period with a gain of 20.7%. Thanks to Injective, ENJ is leading the way, up 23.7% in the past 7 days.
Its year-to-date movement has generally tracked market leaders, and since January 1, ENJ has turned into a strong uptrend and peaked at $0.5692 on February 23 – representing a gain of 134%.
However, it bottomed out about two and a half weeks later, finding support at $0.334. Unfortunately, this is also part of a broader trend affecting other markets.
Enjin Coin’s gains since then have been somewhat muted, topping out at $0.451 — or a 35% gain. Instead, after finding support at $19,560, Bitcoin peaked at $29,203 — a 49% gain in three weeks.
ENJ has been trending higher on the daily chart since March 28. However, a break above the $0.451 resistance earlier today capped the move – with the bulls pushing the price to a 40-day high of $0.50.
The move was accompanied by huge volumes, as seen during the New Year’s rush. Likewise, the relative strength index (RSI) shows that the current momentum remains intact, with the indicator heading towards overbought territory.
new interface platform
On April 4, Enjin Coin tweeted out details about its upcoming new platform user interface (UI) — including details on changes. Enjin Coin stated that the idea behind the update is to simplify the on-chain development process.
Promoted benefits include features like approving and freezing content from the interface, all designed to simplify token management.
“With the new platform, you can easily create collections, tokens and beams.
For any game developer, you can approve, freeze, change and destroy assets in one easy-to-use UI platform. “
Likewise, the NFT.io marketplace for the project is also coming soon. A recent development update, detailed on the Content Creation page, improves usability and adds a verified user badge.
The update also mentions the successful beta testing of Beam, described as a “QR-based blockchain asset distribution service.”
Using Beam, developers can customize rewards and content to better engage audiences.
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According to Cryptoslate