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Enjin Coin

ENJUSD

View Detailed Chart

0.0607USD

-0.0025-3.95%

Time

15m

30m

Today

-3.95%

5 Days

-8.03%

1 Month

-31.17%

6 Months

-61.50%

Year to Date

-71.75%

1 Year

-80.65%

View Detailed Chart

Key Data Points

Opening Price

0.0632

Previous Closing Price

0.0632

Price Range of the Day

0.06050.0633

52-Week Price Range

0.00000.0607

Indicators

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The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Sell

Sell(9)

Neutral(2)

Buy(0)

Indicators

Sell(3)

Neutral(2)

Buy(0)

Indicators

Value

Direction

MACD(12,26,9)

-0.000

Sell

RSI(14)

31.863

Neutral

STOCH(KDJ)(9,3,3)

28.336

Neutral

ATR(14)

0.005

High Vlolatility

CCI(14)

-106.033

Sell

Williams %R

90.749

Oversold

TRIX(12,20)

-1.471

Sell

StochRSI(14)

0.000

Oversold

Moving Average

Sell(6)

Neutral(0)

Buy(0)

Indicators

Value

Direction

MA5

0.064

Sell

MA10

0.065

Sell

MA20

0.072

Sell

MA50

0.087

Sell

MA100

0.120

Sell

MA200

0.164

Sell

Enjin Coin News

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More Details of Enjin Coin

Enjin Coin (ENJ) 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 that allows users to create websites, clans, chat, and host virtual item stores. Enjin allows game developers to tokenize in-game items on the Ethereum blockchain using Enjin Coin, an ERC-20 token. This means that these digital assets can be bought, sold, and traded with real-world value. Enjin Coin was first announced in July 2017 and launched on the Ethereum mainnet in June 2018. Enjin Coin serves as a digital store of value that backs the value of blockchain assets like non-fungible tokens (NFTs). When a new asset is minted using the Enjin Platform, a certain amount of ENJ is locked inside the NFT, which provides it with a reserve value, ensures its transparency and scarcity, and gives it instant liquidity. Users can also "melt" their blockchain assets at any time to retrieve the ENJ value from within. The Enjin ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain. The company was founded in 2009 and has roots in the gaming industry, with 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 is also the co-author of the ERC-1155 Ethereum token standard, which is used for minting both fungible and non-fungible tokens. The Enjin ecosystem is fueled by Enjin Coin (ENJ), which is used to back the value of the blockchain assets created on the platform. As more custom tokens are minted, more ENJ is removed from the ecosystem, making it scarcer over time. Enjin Coin has a fixed maximum supply of 1 billion tokens, but the number of coins actually circulating will decrease as the ecosystem grows and more ENJ is locked into in-game digital assets.

Who are the founders of Enjin Coin?

Enjin Coin was created by the founders of the Enjin platform, Maxim Blagov and Witek Radomski. Blagov serves as the CEO and focuses on the creative direction, marketing, and project management of Enjin. Radomski is the Chief Technology Officer and was responsible for the technical development of Enjin's products, including writing the code for one of the first-ever non-fungible tokens (NFTs) and co-authoring the ERC-1155 token standard used for minting both fungible and non-fungible tokens on Ethereum.

What makes Enjin Coin unique?

Enjin Coin is unique in that it is directly tied to the value of the digital assets created on the Enjin platform. Unlike many other cryptocurrencies that have no inherent utility, ENJ is permanently locked into every item minted using Enjin's tools. This "infuses them with a reserve value" and ensures transparency, scarcity, and instant liquidity. The "melting" functionality also allows users to destroy their ENJ-backed assets at any time to retrieve the ENJ value from within. This creates a deflationary effect on the ENJ supply over time as more assets are minted and removed from circulation.

What is the purpose and use case of Enjin Coin (ENJ)?

Enjin Coin serves as the primary utility token and backing asset for the Enjin ecosystem. Game developers and creators use ENJ to mint new in-game items, collectibles, and other digital assets. This ENJ is then locked into those assets, providing them with real-world value and liquidity. Users can then buy, sell, and trade these ENJ-backed items, or "melt" them down to retrieve the underlying ENJ. This creates a circular economy where ENJ is continuously removed from circulation, making it a deflationary asset over time.