Enjin Coin Profile

ENJ
 Crypto
  

USD 0.30  0.01  3.23%   

Market Performance
0 of 100
Odds Of Distress
Over 65
Enjin Coin is trading at 0.3 as of the 7th of December 2022, a -3.23 percent down since the beginning of the trading day. Enjin Coin has more than 65 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Cryptocurrency ratings for Enjin Coin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2022 and ending today, the 7th of December 2022. Click here to learn more.
Enjin Coin is peer-to-peer digital currency powered by the Blockchain technology. More on Enjin Coin
Enjin Coin is an online market maker for p-2-p internet money denominated as Cryptocurrency. Enjin Coin has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Enjin Coin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Enjin Coin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Enjin Coin Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Enjin Coin's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Enjin Coin or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Enjin Coin generated a negative expected return over the last 90 days
Enjin Coin has high historical volatility and very poor performance
Enjin Coin has some characteristics of a very speculative cryptocurrency
Enjin Coin is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 28 exchanges in multiple currencies. Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:Infuses them with a reserve valueEnsures their transparency and scarcityGives them instance liquidityProvides utility in games and appsAnti-inflationaryEnjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.
Coin TypeEnjin Coin
IndustryArts, Entertainment and Recreation
FINMAUtility
FCAUtility
AccessPermissionless
Collateralized AssetNo
SymbolENJ
Technology Adoption RatingC+
NameENJ
Sponsoredfalse
Built OnETH
White PaperView
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2017-06-23
Full NameEnjin Coin (ENJ)
Asset Website Urlhttps://enjin.io/
Asset Token StatusFinished
Platform Typetoken
Coin NameEnjin Coin
Total Coins Mined1,000 Million
Smart Contract AddressView
Enjin Coin (ENJ) is traded on CRYPTO Exchanges. Enjin Coin is peer-to-peer digital currency powered by the Blockchain technology.

Enjin Coin's Exchanges and Markets

EXX CoinJar Bitstamp ZBG Coinbase Kraken Switcheo Poloniex BitMart Binance Korbit DigiFinex Bitkub Gemini Bithumb Liquid Nuex HitBTC Bitfinex Yobit ZB IDEX Kucoin Tidex Coinone Bibox Bitso CoinEx

Enjin Coin Target Price Odds Analysis

What are Enjin Coin's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Enjin Coin jumping above the current price in 90 days from now is about 92.74%. The Enjin Coin probability density function shows the probability of Enjin Coin crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Enjin Coin has a beta of -0.5523 suggesting as returns on benchmark increase, returns on holding Enjin Coin are expected to decrease at a much lower rate. During the bear market, however, Enjin Coin is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Enjin Coin is significantly underperforming NYSE Composite.
  Odds Below 0.3HorizonTargetOdds Above 0.3
7.22%90 days
 0.30 
92.74%
Based on a normal probability distribution, the odds of Enjin Coin to move above the current price in 90 days from now is about 92.74 (This Enjin Coin probability density function shows the probability of Enjin Crypto Coin to fall within a particular range of prices over 90 days) .

Enjin Coin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Enjin Coin market risk premium is the additional return an investor will receive from holding Enjin Coin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Enjin Coin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Enjin Coin's alpha and beta are two of the key measurements used to evaluate Enjin Coin's performance over the market, the standard measures of volatility play an important role as well.

Enjin Coin Technical Analysis

When it comes to investing in cryptocurrency, such as Enjin Coin, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Enjin Coin, which is currently traded at 0.3, shows everything you need to know about Enjin Coin market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Enjin, to determine its price movements. However, the Enjin Coin's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Enjin Coin's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Enjin Coin's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Enjin Coin Price Movement is a mathematical transformation function to describe exponentially increasing price patterns.
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Enjin Coin Against Markets

Picking the right benchmark for Enjin Coin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Enjin Coin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Enjin Coin is critical whether you are bullish or bearish towards Enjin Coin at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Enjin Coin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Enjin Coin

You need to understand the risk of getting into digital currencies such as ENJ before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Enjin Coin in four ways:

Buy ENJ through an exchange

Get yourself a crypto wallet before embarking on your Enjin Coin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Enjin Coin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Enjin Coin through an exchange

You don't have to buy a full token when starting out since ENJ is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Enjin Coin through a broker

If you don't want to store your Enjin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ENJ through an exchange-traded fund (ETF)

You can also invest in ENJ through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Enjin Coin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Continue to Investing Opportunities. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Other Tools for Enjin Crypto Coin

When running Enjin Coin price analysis, check to measure Enjin Coin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Enjin Coin is operating at the current time. Most of Enjin Coin's value examination focuses on studying past and present price actions to predict the probability of Enjin Coin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Enjin Coin's coin price. Additionally, you may evaluate how adding Enjin Coin to your portfolios can decrease your overall portfolio volatility.
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