The price of Enjin, the native token of the blockchain gaming and NFT-focused project, has surged by more than 30% in the last 24 hours.
There are three major factors behind ENJ’s strong short-term uptrend, namely the Coinbase listing, technical momentum and the interest around JumpNet.
ENJ price chart since December 2020. Source: TradingView.com
Coinbase listing intensifies interest in Enji
The price of ENJ has been on a gradual uptrend throughout the past month ever since the project announced the release of Efinity and JumpNet.
ENJ started to see a large rally when Coinbase, the top U.S. exchange, announced it will allow users to trade ENJ, an event that was highlighted in Cointelegraph Markets Pro on Wednesday.
VORTECS™ score (green) vs. ENJ price (white). Source: Cointelegraph Markets Pro
Additionally, the VORTECS™ score, exclusive to Cointelegraph, flipped green prior to the rally, as seen in the chart above. TheTitle: 3 reasons Enjin Coin price surged by over 30% in a single day
Sourced From: cointelegraph.com/news/3-reasons-enjin-coin-price-surged-by-over-30-in-a-single-day
Published Date: Thu, 08 Apr 2021 12:54:20 +0100