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Enjin Coin (ENJ) Revs Up While Bitcoin (BTC) Slows

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Enjin Coin
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Enjin Coin (ENJ) is up seven percent on the day after a positive week of trading. Touting new partnerships and making solid headlines, this blockchain gaming platform and associated cryptocurrency are looking to regain lost ground after the huge drop felt by the entire market over the past months. While Bitcoin (BTC) slows down after testing $10k in the last week, Enjin Coin (ENJ) is revving up, to the delight of gamers of hodlers worldwide.

Enjin, the gaming platform known for their innovative platform allowing developers to mint their own crypto using Enjin Coin (ENJ) as a parent currency, has been back in the headlines recently with news of a partnership with Unity Technologies. Unity is, of course, the world’s most popular real-time development platform. The news has sent Enjin Coin (ENJ) soaring recently, and it couldn’t have come at a better time. The consistent spike in price since the announcement continues to give the team some well-deserved attention as Bitcoin (BTC) and a number of rival blockchain-gaming companies fall back.

The coin now sits near $.16, well below the market peak nearing $.50 last January. Still, the recent developments are spurring new investment in this up-and-coming crypto-company, giving hope to a potential future where the coin can again challenge its previous all-time highs. There are over 750 Million coins circulating now, and with the recent price increase, Enjin Coin (ENJ) ranks in the top 150 cryptocurrencies on the market.

Enjin is by far the largest of the available social gaming-website platforms available. With nineteen million gamers attracted to their site, and hosting over 250,000 gaming communities, it is no wonder that partnerships keep lining up for this soon-to-be giant in the crypto-universe. Their customize-able cryptocurrency is now trading on nine exchanges, reaching worldwide markets through the likes of Binance, Okex, HitBTC and more.

The team made a recent appearance at the Electronic Entertainment Expo, known as E3. The premier trade event for the video game industry, E3 continues to grow with users and an excited audience dedicated to gaming. With the industry’s top professionals gathering to give presentations to over 68,000 attendees, Enjin (ENJ) was able to capitalize on their Unity partnership, connecting with executives and gamers alike at the expo.

A favorite in the blockchain gaming industry, Enjin and it’s associated cryptocurrency, Enjin Coin (ENJ), are likely just getting started as the team seeks to hold and add to gains for the remainder of the year. With a solid performance over the past month, likely due to the announcement of the new partnership with Unity, it would seem this ‘little Enjin that could’ may just grow into the powerful locomotive we all know it can be.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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