ENJIN COIN WILL BREAKTHROUGH SOON | Become a millionaire with Enjin coin!

ENJIN COIN WILL BREAKTHROUGH SOON | Become
a millionaire with Enjin coin! Intro:- The non-fungible tokens (NFTs) have become
a huge part of the crypto markets, aided by many crypto companies working and developing
crypto projects. One of the most interesting NFT projects that have gained a lot of attention
recently is the Enjin ecosystem. The Enjin platform uses Ethereum based cryptocurrency
Enjin Coin (ENJ) to directly back the value of next-gen NFTs created on the Enjin platform.
Watch on to know more about the Enjin project and Enjin Coin price prediction and can it
make you a millionaire? Body:- What is Enjin (ENJ)? The Enjin network is a multi-product marketplace
and a social-gaming platform that allows users to create, distribute, store, exchange and
even integrate tokenized digital assets. Enjin users can design and reconfigure ENJ-backed
digital assets in novel ways, ranging from art NFTs to digital rewards to merchandise
that can be found through many video games.

Enjin connects more than 20 million players
from around the world, delivering blockchain-based interconnected gaming products. The enjin cryptocurrency was created as a
comprehensive ecosystem that provides its users with a compelling set of applications
intended to enable anybody, regardless of blockchain experience, to enter the world
of cryptocurrencies. What is the enjin (ENJ) token? Enjin coin is an ERC-20 token as well as ERC-1155
token based on the Ethereum network, which ensures the project supports payments and
smart contracts. Enjin has a finite supply, with a cap of one billion units. The ability to construct and operate virtual
products is the key function of the enjin coin. Developers can launch their cryptocurrencies
backed by the enjin coin, making cryptocurrency's incorporation into the gaming universe far
easier. Programmers who mine on the Enjin ecosystem
must also use enjin coins. The necessary quantity of ENJ tokens are withdrawn from their wallets
and locked within the assets they develop, essentially removing the tokens from the marketplace
and generating scarcity while still offering a strong use case for the coin.

Fundamental Analysis:- For every asset that is minted within the
network, a part of ENJ acts as a minting resource. That is to say, every digital asset is in
lock with ENJ tokens inside NFTs. Thereby, a segment of token goes eliminated from circulation,
adding a reserve value to it. Not just NFTs, with the Enjin Beam, transfer of both NFTs
and FTs is now possible by scanning a QR code. Arising questions about the security of the
network is clear, as the tokens are backed by the Ethereum blockchain and smart contracts.

A public API and SDK offers multiple calls
to multiple features on the platform. Making gaming assets coupled with a real-time experience.
Virtual goods are manageable and simultaneously paves way to creating cryptocurrencies on
the network. A game developer needs to hold some ENJs in their Smart wallets before they
proceed with minting. That is, a fraction of these tokens will go for removal from their
wallets to lock inside an in-game asset they create! The altcoin follows the PoW consensus mechanism
like most other cryptocurrencies. Since it runs on the Ethereum blockchain, you cannot
stake ENJs and can only mine them. Minting the tokens helps within in-game items aids
in boosting transparency and turns them as anti-inflationary coins. Also, the coins have
a Melting mechanism where a user can demolish the blockchain asset and procure the tokens
within. The network collaborated and brought multiple
digital asset projects outside the gaming domain as well. An important partnership in
the network s journey is with BMW, where Vantage app users can have their loyalty points tokenized
with ENJ coins. And in turn, they might be in use to pay for tolls, parking lots and
even fuel! The platform also collaborated with AAVE, and embarked into DeFi.

Other partnerships
include those with Microsoft, Samsung, Unity and many others! The latest project of the network imprints
to Efinity (EFI), which is a cross chain network of NFTs. Also, it was built on Polkadot as
a decentralized network. As Enjin runs on Ethereum, the gas fees and scalability was
supposedly in improvisation. And that s when Efinity came into the scene! When Maxim Blagov
announced this on his twitter handle, the ENJ price was all set to surge. Enjin Coin Price Prediction:- Crypto price predictions can be difficult
as nobody can accurately predict the crypto markets. At the time of making this video,
the price of Enjin Coin stands at $1.62. Fortunately, many crypto experts have given predictions
for Enjin Coin. If this year closes on a bullish note, then
the 2022 trade might begin with an uptrend at $2.907. On the other hand, if the ENJ coin
hits the bottom flank, then the next year may commence with a bearish trend at $0.659. The community could focus on revolving the
gaming industry. If Enjin enhances its platform by offering flexibility and seamless transparency
, Enjin may smash a $4.989 mark by the end of 2022.
In contrast, If the market crashes again due to debates about PoW, then ENJ price may also
fall back to $1.715.

If this does not happen, the average figures by the end of 2022 seems
reasonable and may strike at $2.805. Price Prediction For The Next 5 Years:- In 5 years, ENJ might become the top gaming
crypto available in the market and might enter the top 40 cryptocurrencies list. If the network
works on an instant transaction system, then it may blow a high at $8.793. By the end of 5 years, ENJ coin might trade
at $7.414 with not much developments. On the other hand, if new regulations pop up in the
coming years, the coin may entangle and drop even to $5.991. Should you buy Enjin or not? Warren Buffett once said: Be fearful when
others are greedy, and be greedy when others are fearful. According to his quote, the current bear-market
scenario could be a good investment opportunity for long-term investors since nearly all cryptocurrencies
have dropped from their previous price peaks. The enjin coin is considered an innovative
cryptocurrency with the potential to transform the worldwide video game industry. According
to CoinMarketCap, the price rose by more than 2,800% between January and early April 2021,
hitting an all-time high of $4.00.

If Enjin holds on to it's position then it
can be looked as a good investment for upcoming years. Final Words:- The Enjin Coin is looking to provide a benefit
to the $17 billion virtual goods market. By placing game assets on the blockchain they
hope to prevent fraud in the industry, which some measures have suggested affect roughly
80% of all transactions. That would be a huge improvement for the gaming
industry and gamers, and with the huge customer base that Enjin already has, the coin should
be able to reach large-scale adoption fairly quickly. That said, it remains a new project, and unproven
as well. So far the team has done well in meeting their roadmap goals, and they will
need to continue doing so if they want to prove the viability of the Enjin Coin. Their partnership with Unity should help drive
them towards one of their goals, which is the creation of actual games on the blockchain,
and this will help drive further adoption of the Enjin Coin.

Nothing is proven yet,
but the project does look to have a bright future. As of 2021, we ve seen impressive progress
from the Enjin project, with the addition of an easy to use blockchain explorer, an
in-wallet dApp browser, and a marketplace that allows gamers to easily buy and sell
the assets acquired in the multiverse games. Continued expansion will help drive adoption,
but what the project really needs now is a blockbuster game that draws in millions of
players. With that one blockbuster, they could bring both the ENJ coin and the Multiverse
into mainstream gaming. Outro:- That's all for today's video, thanks for watching
this video and don't forget to like this video and subscribe to our channel. Also please
comment down below on which coin you want to see future price prediction next..

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