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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…