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Enjin Coin (ENJ) Revs Up While Bitcoin (BTC) Slows - Global Coin Report
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Enjin Coin (ENJ) Revs Up While Bitcoin (BTC) Slows



Enjin Coin

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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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise




The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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Crypto Market is Not Free from the Bearish Trend Yet




Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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The Interoperability Problem of Blockchain May Soon Be Over




Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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