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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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Blogs

4 Best-Performing Cryptocurrencies in the Current Bear Market

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cryptocurrencies
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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Blogs

Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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cryptocurrency market
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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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Altcoins

HODLing Stellar Is A Good Plan For 2019

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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border transactions, is in dire need of change, and both of these…

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