GameFi Cryptocurrency Surges 15% in Less Than a Day
On April 7, a popular GameFi cryptocurrency experienced a significant surge in value after an announcement of new developments.
Enjin (ENJ) went up from a low of $0.418 to $0.50, marking its highest point since February 25. As of writing, ENJ has seen a 15% increase in the last 24 hours, trading at $0.479.
This is noteworthy, given that many cryptocurrencies have either suffered losses or seen little growth within the last 24 hours. Enjin’s cryptocurrency has gone up by around 95% this year so far.
Trading volume for Enjin Coin also experienced a significant increase, rising by almost 700% at present.
Trading volume indicates interest in buying or selling an asset, and with this recent surge in volatility, traders may have jumped in to benefit from the gains. Enjin has announced some exciting developments via their official Twitter account, indicating they are close to unveiling a new Enjin platform.
📢 Attention all #developers and #gamers out there!
We're getting closer to some very exciting things coming up at Enjin, and we couldn't hold back on showing you a little sneak peek of the new Enjin Platform! 👀
It will now be easier than ever to manage your #NFTs 🙌 pic.twitter.com/oPr8oUVrvN
— Enjin (@enjin) April 4, 2023
The platform will allow users to easily create collections, tokens, and beams, and game developers can approve, freeze, mutate, and destroy assets via the new UI platform.
READ MORE: Dogecoin Price Crashes After Twitter Returns Bird Logo
The company is also eagerly anticipating the release of its upcoming marketplace, nft.io, which will include all of the basic functionalities found in any NFT-related marketplace and the potential to work with Efinity in the future.
We ❤️ https://t.co/kNQ0PP1vCa feature highlights!
We're looking forward to the next few weeks! 🤩 https://t.co/yJONX3o5Bv
— Enjin (@enjin) April 6, 2023
Last month the Enjin team revealed updates for the Enjin wallet application, a mobile app for Android and iOS users that enables them to store, send, and sell NFTs and cryptocurrencies.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
