Enjin Coin
Current price
$0.0284
−5.45%24h
LiveUpdated 27s ago
TodayEnjin Coin drops 5.5%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.11%
- 24 hours−5.45%
- 7 days−5.86%
- 30 days+12.61%
- 1 year−40.43%
Enjin Coin's move in context
Lagging the market today
−5.45% today against −3.27% for the market as a whole, a gap of 2.2 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−5.9% over 7 days and +12.6% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Enjin Coin
Overview
Enjin Coin (ENJ) is a blockchain-based cryptocurrency specifically designed for the gaming industry. Its primary purpose is to serve as a digital store of value within the Enjin ecosystem, allowing game developers and players to create, manage, and trade virtual goods securely and efficiently. The core mission of Enjin is to simplify blockchain integration for game developers while providing a seamless experience for players. One distinguishing feature of Enjin Coin is its ability to back the value of digital assets, ensuring that in-game items hold real-world value. This unique aspect fosters a vibrant marketplace and enhances user engagement, taking gaming to a new level by enabling real-world economies within digital environments.
Technical Features
Enjin Coin operates on the Ethereum blockchain, leveraging smart contracts to facilitate the creation and management of unique digital assets known as non-fungible tokens (NFTs). The consensus mechanism used is Ethereum's Proof of Work (PoW), with a planned migration to Proof of Stake (PoS) with the Ethereum 2.0 upgrade. Enjin Coin utilizes a security model that incorporates standard blockchain practices, ensuring transaction integrity and security. The network architecture allows for the easy creation of Ethereum-based assets, giving developers access to the Enjin API, which simplifies the process of integrating blockchain into their games. Additionally, Enjin Coin supports the ERC-1155 standard, which allows for the creation of both fungible and non-fungible tokens in a single contract, enhancing efficiency and functionality.
Use Cases
The primary use cases of Enjin Coin extend across the gaming industry, decentralized finance (DeFi), and the realm of NFTs. Within gaming, ENJ serves as the currency for buying, selling, and trading virtual goods and collectibles. Players can utilize ENJ to purchase in-game items, and developers have the ability to create monetized content, allowing for new revenue models. In DeFi, Enjin Coin can be utilized for staking and yield farming opportunities, contributing to a broader adoption of cryptocurrency in financial services. The platform's support for NFTs positions ENJ as a key player in the growing space of digital ownership, where players can truly own their in-game assets.
Development Background
Enjin Coin was launched in 2017 by Enjin, a company that has been in the gaming space since 2009. The Enjin platform has evolved significantly since its inception, embracing blockchain technology to enhance gaming experiences. The notable contributors to its development include co-founder Maxim Blagov and CTO Witek Radomski, who played pivotal roles in creating the Enjin ecosystem. Significant events in its history include a successful initial coin offering (ICO) that raised funds to develop its infrastructure and partnerships with gaming companies that have helped to validate its use cases. The ongoing development continues to align with community demands and technological advancements.
Community and Ecosystem
The Enjin community is robust, consisting of developers, gamers, and blockchain enthusiasts who actively contribute to the ecosystem. The Enjin platform has formed strategic partnerships with various gaming companies and blockchain projects, fostering a collaborative environment. Numerous applications and projects are built around Enjin Coin, ranging from gaming marketplaces to development tools, igniting an ecosystem dedicated to blockchain gaming. Community-driven initiatives, including hackathons and developer resources, further strengthen Enjin's position within the industry.
Future Potential
The future potential of Enjin Coin is significant, driven by its unique technology and various applications within the gaming and NFT sectors. The ongoing transition to Ethereum 2.0 promises to enhance scalability and security, which will benefit all projects built on its platform. As more developers and gamers recognize the value of digital ownership and integration with DeFi, Enjin Coin is positioned to grow and adapt. Upcoming features on its roadmap, such as advancements in smart contract capabilities and expanded partnerships, hint at a bright future where Enjin Coin can redefine digital economies in gaming and beyond.
Enjin Coin market
- Position by market cap among the coins we track.
- #222
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $53.02M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0279High $0.0303
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $4.82
- Now 1% of itReached 25 Nov 2021 · Needs +16,854% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1.86B ENJ
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 2.03B ENJ
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Enjin Coin converter
1 Enjin Coin = $0.0284
