October 29, Is it too late to enjoy the Enjin Coin ENJ?

A decentralized gaming platform? Ok, but what more? a platform that brings together games, NFTs and a token with multiple uses? There you go. This is the universe Enjin offers.

The Power Of The Enjin Coin

More than the majority of decentralized gaming platforms, Enjin is the only one that was created by big heads in the industry. Do you know Maxim Blagov and Witek Radomski? Yet, since 2009, they have been working on their decentralized online gaming space. Either about the same time as the creation of Bitcoin... Just that!

Very quickly, the two slightly geek geniuses understood the importance of decentralization and Bitcoin. So, seeing the success of the famous currency, they quickly launched theirs.

Enjin Coin

And that's how Enjin was born. If there is one project today that is worthy of interest, it is him. Apart from Basic Attention Token, no creator has as much background as these two developers. Smart contract, blockchain, nothing stops them. Until the moment they have chosen their path: gaming.

From there, it was over. Japan itself, host of this radiant project, validated the idea. When the country that saw Nintendo and all the most modern consoles of the twenty-first century give its endorsement, it is the avalanche of donations on the part of investors.

That's how Enjin Coin's reputation was built. A blockchain with 20 million users! Thanks to the ENJ, they have access to a store of value, a transparent and valuable token, liquidity for all their transactions...

But that's not all. ENJ is a global crypto, which allows access to all platforms and games in this ecosystem in no time. No inflation, no problems. Enjin Coin is the dollars of video games, without the disadvantages.

ENJ Carried By The Metaverse

And that's why this token is so successful. Especially since they did not just play in the field of Gaming. With the explosion of the NFT, the team behind Enjin seized the immense opportunity that presented itself. NFTs mixed with gaming are nirvana. This is why all corners linked to NFT platforms pumped after the announcement of Facebook's name change. By becoming Meta, Mark Zuckerberg sends a strong signal to the market. Although this change is equivalent to Google's change that has become Alphabet, everyone has understood that now the focus is on metaverse. On the digital and decentralized universe.

ENJ Technical Analysis

This is probably the reason why the price of the Enjin Coin ENJ has taken off in the last 24 hours.

The ENJ token that represents the Enjin Coin ecosystem had been caught in a compression figure since May 2021. With $4 as a summit and $0.75 as a support, price was stuck in an accumulation triangle. This Chartist figure was found on different graphs. This was the main characteristic of altcoins during this period of uncertainty, which took place from May to September 2021.

These phases are healthy for the market. Certainly, this discourages the least seasoned investors. But for those who know, it's natural. You just have to be patient, and wait for the exit. The latter, if it is bullish or bearish, gives a signal to traders.

However, it so happens that the exit of the triangle took place. And it's frankly bullish. In recent days, the ENJ, Enjin Coin's token has fractured its triangle from above. This is an upsurge break, and unless there is a general downward movement of the market, the price of the ENJ has left for a bullish rally that should last a few weeks.

Prediction Price ENJ 2022

The current trading objectives are as follows:

the price varies between $4.00 and $0.55.

If it confirms the bullish movement, then the sum of the triangle would be $3.99 and the base $1.10.

Fibonacci's projections are

• $6.25
• $10.31
• $13.79

Until then, the ENJ must already catch up with its ATH, exceed it, and confirm that it is part of an uptre market phase. This is confirmed, through the solidity of the project, the NFT market and decentralized gaming.