The exchange listings boost Enjin’s ENJ token to rally by 52% and bring it to a new all-time high, as well as because of the growing popularity of NFTs and recent exchange listings that helped the coin hit new high levels so let’s read more in our latest altcoin news.
Non-fungible tokens are becoming a focal point of the crypto market as we can see because of the millions of dollars being raised in a few minutes for tokenized art pieces and rare collectibles that the traders are putting their hands on in a hurry. One project which was benefiting the most from the NFTs and the exchange listings was Enjin coin’s ENJ token that broke out to a new all-time high of $0.67 following the listing on the exchange as well as the launch of spot and perpetual futures trading on the FTX exchange. The data from Tradingview shows that ENJ increased 52% from a low of $0.438 on February 24 to a new high of $0.67 before experiencing a pullback to a current price of $0.611.
Looking through the Twitter feeds, we can see numerous partnerships and integrations which helped fuel the Enjin Coin price. Minecraft is one of the few notable integrations for the Enjin ecosystem so all users are able to earn special NFTs that unlock secret games inside the video game. the platform benefited from joining forces with the growing ecosystem of the BSC that was launched with an NFT educational campaign as well that Enjin will be a part of.
The growing popularity of the NFT space as well as due to the big-name partnerships made Enjin placed in a great position as the current bull market cycle evolves in 2021. Its recent integration with BSC provides a way to avoid high fees on the ETH network and will bring a new wave of activity to the ecosystem.
As reported recently, Gaming giant Atari brings its IP and licenses integrated into games in the Enjin platform. The first notable advantage from this new partnership according to a blog post from the company will be a range of cosmetic nonfungible tokens or NFTS, to be used in a brand new addition for the legendary football game franchise Kick Off. Enjin is an Ethereum-based platform that provides a range of tools for developers so they can easily integrate blockchain features into their games.
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