Enjin Coin Posts 40-Day High, Outshines Top 100 Cryptos

  • Enjin Coin posted 11.6% gains over the last 24 hours to lead the top 100 cryptocurrencies.
  • The coin’s year-to-date movements have broadly followed the market leaders, and peaked at $0.5692 on Feb. 23.
  • Enjin Coin tweeted details of its upcoming new platform User Interface (UI) to simplify development on the chain.

Enjin Coin Outperforms Top 100 Cryptocurrencies

Enjin Coin posted 11.6% gains over the last 24 hours, making it the best performing cryptocurrency among the top 100 coins by market capitalization. The coin’s year-to-date movements have broadly followed those of other market leaders, peaking at $0.5692 on Feb. 23 – equating to 134% gains since Jan 1.

40 Day High Reached

Since March 28, ENJ has been trending higher on the daily chart and broke through its previous $0.4510 resistance level today – with bulls reaching a 40 day high just short of $0.50. The move was accompanied by significant volume and an RSI heading into overbought territory, indicating strong momentum remains intact for ENJ holders.

New Platform UI Updates

On April 4, Enjin Coin announced updates to their platform UI in order to simplify development on their blockchain network for tokenization purposes. Features such as approving and freezing assets from within a user interface are being added with the goal of making asset management easier for developers using Enjin’s services or products such as NFTs (non-fungible tokens).

NFT Marketplace Release

The project’s NFT marketplace is also close to a public release according to recent announcements from Enjin Coin team members who said that they were „working hard“ towards this goal in order to provide users with a more accessible way of creating and managing digital assets through non-fungible tokens (NFTs).

Conclusion