Enjin Coin Self Reported Market Cap Reaches $53.48 Million (ENJ)

Enjin Coin (ENJ) traded up 1.5% against the US dollar during the 1 day period ending at 9:00 AM Eastern on December 31st. Enjin Coin has a market capitalization of $53.48 million and approximately $10.79 million worth of Enjin Coin was traded on exchanges in the last day. During the last seven days, Enjin Coin has traded up 4.8% against the US dollar. One Enjin Coin token can currently be bought for approximately $0.0279 or 0.00000031 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.8% higher against the dollar and now trades at $88,630.33 or 0.99752516 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.2% against the dollar and now trades at $88,059.06 or 0.99682024 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Enjin Coin Profile

Enjin Coin was first traded on June 23rd, 2017. Enjin Coin’s total supply is 1,953,821,384 tokens and its circulating supply is 1,916,945,623 tokens. Enjin Coin’s official Twitter account is @enjin and its Facebook page is accessible here. The Reddit community for Enjin Coin is https://reddit.com/r/enjincoin and the currency’s Github account can be viewed here. The official website for Enjin Coin is enjin.io. Enjin Coin’s official message board is enjin.io/blog.

According to CryptoCompare, “Enjin Coin 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 through which users can create websites and clans, chat, and host virtual item stores.Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:Infuses them with a reserve valueEnsures their transparency and scarcityGives them instance liquidityProvides utility in games and appsAnti-inflationaryEnjin's “melting” functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called 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 wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.”

Buying and Selling Enjin Coin

It is usually not presently possible to buy alternative cryptocurrencies such as Enjin Coin directly using U.S. dollars. Investors seeking to acquire Enjin Coin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Enjin Coin using one of the aforementioned exchanges.

ENJ/USD price chart by TradingView