One more crypto asset that will soon be listed on Indodax is the Enjin Coin (ENJ). Is ENJ attractive crypto?
ENJ is a crypto asset that has a rank of 58 on coinmarketcap.com. ENJ also supports the non-fungible token (NFT) system, which is currently being loved.
This crypto is a bit popular. However, do you know how fundamental and utility it is?
And can you have this crypto so that you can get a big profit?
What is a Coin Enjin (ENJ)?
Enjin Coin is a project of the Enjin platform, a company that provides an interconnected ecosystem of blockchain-based gaming products. Enjin’s flagship offering is the Enjin Network, a social gaming platform.
Enjin allows users to create websites and clans, chat, and host virtual goods stores.
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses ENJ which is a token of the ERC-20 network.
The goal is to support digital assets issued using the platform. This means that the ENJ can be bought, sold or traded.
Enjin Coin (ENJ) Supports NFT
Enjin Coin (ENJ) is a digital store of value used to support the value of blockchain assets such as non-fungible tokens (NFTs).
Each asset printed with the Engine Platform contains an ENJ, a printing resource that is locked within the NFT and removed from circulation.
Enjin’s co-founder, Witek Radomski, wrote code for one of the first non-fungible tokens (NFTs) and is co-author of Ethereum’s ERC-1155 token standard.
Enjin Coin (ENJ) Price Live Data
At the time of writing, the price for Enjin Coin is currently $ 2.30 USD with a 24-hour trading volume of $ 311,952,888 USD. Enjin Coin is down 15.64% in the last 24 hours. CoinMarketCap’s current rating is # 58, with a direct market cap of $ 1,921,125,592 USD. It has a circulating supply of 834,313,757 ENJ coins and a maximum. supply 1,000,000,000 ENJ coins.
Prediction of Enjin Coin (ENJ) in 2021
Enjin Coin enters 2021 with a trading price of $ 0.13. On a bullish note, the price started rising further and is trading at $ 3.48.
Quoting coinpedia.org, if investors focus on Enjin Coin, the price is expected to rise to new highs. The current all-time high (ATH) price is $ 3.59.
Coin Enjin could increase if the community concentrated on reducing transaction fees. By the end of 2021, the likely, highest value ENJ can achieve is $ 10.
How to buy Enjin Coin?
ENJ crypto assets will be listed on Indodax with an open deposit on April 21, 2021 noon. Trading starts on April 22, 2021 at noon.
Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for Enjin Coin in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy Enjin Coin. You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell it at a higher price with the instant method
- If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling.
Trade Correctly to Get Maximum Profits
ENJ has indeed had a good reputation and performance this year. It’s just that, of course, ENJs can drop at any time, like any other crypto.
Therefore, you need to make a trading plan. In fact, it’s not just for trading Enjin Coin. But it is also possible to trade on other crypto assets.
If you start trading without having a good trading plan, you will also be confused later. It is good when prices are rising, especially when prices are moving down.
If you are already confused, then you will take bad steps. And after taking a step, you will regret it.
Confusion like this is often experienced by novice traders. That is why a trading plan is important for a trader. If a plan is made, the trader will not experience confusion.
Because in the principles of a trading plan, you will target your goals. If you don’t have a trading plan it means you don’t have a goal.
Wait for the crypto assets that will be listed again
Indodax will continue to work with blockchain developers around the world to present new cryptos every month.
There are many more crypto asset lines that will be listed on Indodax which can be your choice for trading in crypto.
You can find out this information only through content on Indodax’s official social media. You can also learn about fundamentals, utilities and every new crypto asset at Indodax.academy.