Price Analysis

ENJ Price: Road to $1.65

ENJ Price: Road to $1

Enjin provides a platform for building games and apps on blockchain and is catching the attention of a lot of game developers. ENJ, the native token of Enjin, is soon becoming one of the favorite blockchain token for gaming.

Enjin provides a platform and framework for development of several apps and specializes in blockchain game development. It has several products which make it easy for everyone to develop, trade, monetize and market with blockchain. The developments made by Enjin will soon start reflecting in ENJ price.

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Games on Enjin

Several games have been developed using Enjin. Some of the famous ones are Age of Rust, The Six Dragons, Lost Relics, AlterVerse, etc. It has also facilitated the development of dApps like Azure heroes and Pluriform. ENJ is the first gaming token approved in Japan.

Enjin facilitates infinite transactions between players and game servers at a very high speed and zero cost. It is one of the preferred platforms for creation of virtual worlds.

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Let us review ENJ price.

ENJ/USD – Price Prediction

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ENJ broke out of a long term accumulation zone at $0.16 to quickly jump 100% towards $0.33. It faced a rejection at the upper resistance of $0.42 and revisited the support zone at $0.33 to continue the journey higher. If ENJ can break the resistance at $0.56 and flip it to support by closing few daily candles above this zone, we could start seeing a move towards $0.62, $0.70, $0.92, $1.29 and $1.65. Failure to break the resistance at $0.56 could lead to a drop towards $0.42 to revisit support. This could be a great entry point for ENJ.

ENJ is currently trading at $0.55 with a market cap of $510,042,189. Its 24 hour trading volume was $77,128,936.

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

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Source: altcoinbuzz.io
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