Enjin token soars amid new NFT marketplace expectations

The enjin token is on for a rally amid the anticipation of the Enjin NFT marketplace launch. Enjin, trading at $0.48 as of press time, had recorded a 14 % increase in valuation within 24 hours.

Timeline of Enjin-coin

Enjin Coin (ENJ), the native cryptocurrency of gaming company Enjin, jumped higher on April 7. The crypto asset rose from lows of $0.418 to reach intraday highs of $0.50, its highest level since Feb. 25.

Enjin Coin posted 11.6% gains over the last 24 hours to lead the top 100 cryptocurrencies. Enjin Coin price analysis The coin's weekly price performance also impressed, placing as the second biggest gainer over the period, at 20.7%.

Enjin Coin (ENJ/USD) price went vertical on Friday as investors focus on the upcoming NFT.io launch. The ENJ token rose to a high of $0.50, which was the highest point since March 2 of this year. It has jumped by more than 97% from the lowest level this year. NFT.

Enjin Coin Price is ushering in the weekend in style, following a colossal 39% bullish move in seven days. The NFT and gaming platform has in two weeks netted 68.9% in cumulative gains, with its value growing 59.7% in a month.

Contrary to the wider market sentiment, Enjin Coin [ENJ] persevered by sticking to the bullish run it was on since the first week of the new year. According to CoinMarketCap, top-ranked assets, including Bitcoin [BTC] and Ethereum [ETH] shredded gains from the previous day.

Thousands of cryptocurrencies and blockchain projects are launched periodically. While some of these projects stagnated and lost potential, many have provided long-term opportunities for holders and investors.

The 2022 bear market has been devastating for crypto investors. However, there are several metaverse tokens that should reap major rewards in the years to come. Decentraland (MANA), The Sandbox (SAND), and Enjin (ENJ) are established metaverse tokens that should 10x during the next bull market.

Enjin Coin, a project of Enjin that provides an ecosystem of interconnected, blockchain-based gaming products, witnessed significant volatility in the past few months. Despite suffering constant losses in this bear market, the ENJ team continued to develop and improve upon their technology.

BudBlockz ($BLUNT) is a cryptocurrency powered marketplace for the cannabis industry. It will also release an exclusive NFT collection known as Ganja Guruz that will provide many benefits including discounts and fractional ownership for its users. Many analysts have predicted a quick price rise for the $BLUNT Token since it has many diverse use cases.

The integration of non-fungible tokens (NFT) into mainstream games is increasing with the latest partnership between MyMetaverse and Enjin. The popular automotive game Grand Theft Auto V and adventure game Minecraft now have their own in-game NFTs.