Saturday, August 2, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Enjin Coin Worth Prediction as NFT Quantity Slumps

by SB Crypto Guru News
December 28, 2022
in Altcoin
Reading Time: 2 mins read
0 0
A A
0


Enjin Coin worth slumped in 2022 as buyers reacted to the comparatively underperformance of non-fungible tokens (NFT). ENJ dropped to a low of $0.26, which was a lot decrease than its all-time excessive of $4.01. It was one of many worst-performing cryptocurrencies.

NFT demand slumped in 2022

Enjin is a blockchain mission within the NFT business. It has a whole suite of merchandise that make it straightforward for individuals to mint NFTs and promote them to customers globally. Additionally, it has a pockets that makes it potential for individuals to handle their NFTs.

Its most essential platform is named Efinity, which is a Polkadot parachain for NFTs. Additional, Enjin offers options to assist builders combine NFTs with video games. It additionally has a market for individuals to purchase and promote NFTs. 

Lastly, Enjin has JumpNet, which is a forever-free Ethereum scaling platform. Due to this fact, Enjin worth does effectively when NFTs are doing nice.

The alternative occurred in 2022. As cryptocurrencies slumped, the quantity of NFTs traded eased as effectively. The full quantity of NFTs traded within the first-quarter of the 12 months totaled over $19 billion. Since then, month-to-month spending on NFTs has dropped to lower than $500 million. OpenSea month-to-month quantity has additionally crashed.

Additional, Efinity has had no main market share within the NFT business. A more in-depth have a look at its web site visitors reveals that the variety of customers crashed after peaking in Q1 of 2022. Due to this fact, there are issues about whether or not Efinity will grow to be a serious participant within the business.

Enjin Coin worth prediction

Enjin Coin Price

The each day chart reveals that the ENJ worth has been in a powerful bearish pattern previously few months. Because it dropped, it managed to maneuver under the essential assist degree at $0.3822, which was the bottom degree on June 18. It additionally plunged under the 25-day and 50-day transferring averages whereas the MACD moved under the impartial level.

Due to this fact, there’s a chance that Enjin will proceed falling as sellers goal the subsequent key assist degree at $0.20. A transfer above the resistance level at $0.3822 will invalidate the bearish view.





Source link

Tags: Bitcoin NewsCoinCrypto NewsCrypto UpdatesEnjinLatest News on CryptoNFTPredictionPriceSB Crypto Guru NewsSlumpsVolume
Previous Post

Crypto Analyst Predicts Epic Rally for Litecoin, Updates Outlook on Ethereum, Chainlink and Two Extra Altcoins

Next Post

Tron Worth is on the Cusp of a Bearish Breakout

Related Posts

Tether CEO Says Leading Stablecoin Issuer To ‘Focus on a New Venture in the US’ After Inking ,900,000,000 in Net Profit in Q2

Tether CEO Says Leading Stablecoin Issuer To ‘Focus on a New Venture in the US’ After Inking $4,900,000,000 in Net Profit in Q2

by SB Crypto Guru News
August 2, 2025
0

Tether CEO Paolo Ardoino says the company behind the leading stablecoin is aiming to expand its offerings in the US....

Retail Investors Get Green Light for Crypto ETNs in the UK

Retail Investors Get Green Light for Crypto ETNs in the UK

by SB Crypto Guru News
August 1, 2025
0

Enjoyed this article? Share it with your friends! UK retail investors will be able to buy exchange-traded notes (ETNs) linked...

Coinbase Adds Support for Ethereum (ETH)-Based Science Token ResearchCoin (RSC)

Coinbase Adds Support for Ethereum (ETH)-Based Science Token ResearchCoin (RSC)

by SB Crypto Guru News
July 31, 2025
0

The top US-based crypto exchange platform Coinbase is adding support for one Ethereum (ETH)-based science research token. In a new...

Trader Says One Metric Suggests Bitcoin Could Surge to This New All-Time High Level, Outlines Path Forward for Ethereum, XRP and Dogecoin

Trader Says One Metric Suggests Bitcoin Could Surge to This New All-Time High Level, Outlines Path Forward for Ethereum, XRP and Dogecoin

by SB Crypto Guru News
July 31, 2025
0

A closely followed crypto analyst says that one metric is signaling Bitcoin (BTC) may surge to a massive new all-time...

OpenSea Ex-Manager’s Conviction Tossed in NFT Trading Case

OpenSea Ex-Manager’s Conviction Tossed in NFT Trading Case

by SB Crypto Guru News
July 31, 2025
0

Enjoyed this article? Share it with your friends! The conviction of Nathaniel Chastain, a former product manager at non-fungible token...

Load More
Next Post
Tron Worth is on the Cusp of a Bearish Breakout

Tron Worth is on the Cusp of a Bearish Breakout

It’s 53 years since Caravaggio’s Nativity was stolen in Palermo—Vanessa Beecroft unveils her personal model of the masterpiece in Sicily

It's 53 years since Caravaggio’s Nativity was stolen in Palermo—Vanessa Beecroft unveils her personal model of the masterpiece in Sicily

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.