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Tag: Enjin Coin

  • Enjin Coin (ENJ) – Bulls to lead ENJ towards $12

    Enjin Coin (ENJ) – Bulls to lead ENJ towards $12

    Enjin coin (ENJ) had been one of the well performing cryptocurrencies in the past week. ENJ crypto had gained by nearly 20% in the past seven days. It has embarked on an upward trajectory with the bulls in power in the market. At the time of writing, Enjin Coin stands at a price level of $1.36. The price has increased by nearly 5% in the past twenty-four hours alone while the trading volume had been dropping.

    Enjin Coin (ENJ) technical analysis

    The market sentiment for the sixty-ninth largest cryptocurrency is bullish on account of the uptrend. Out of the total twenty-six technical indicators, twelve are giving out a signal of buy with nine indicators standing at a neutral position and only five at a sell position. The oscillators are neutral while the moving averages are bullish.

    Enjin Coin (ENJ) technical analysis
    Enjin Coin (ENJ) technical analysis

    The recent bullish momentum in the market for Enjin Coin has led to optimism about the future. Enjin Coin had been identified by a trader to be operating in a triangular formation. However, the bullish momentum has also led to the cryptocurrency forming an ascending channel inside the triangular formation.

    Enjin Coin can be observed moving near the upper boundary – the strong resistance level – of the triangle. A break from the triangle to the upside will further boost the bullish momentum. However, it is expected that Enjin Coin will not be successful in breaking the resistance as of yet. But it will ultimately break out of the formation to the upside. The price target has been set at $12 for Enjin Coin.

    Enjin Coin (ENJ) price prediction

    Wallet investor furthers the bullish price prediction of the technical analysis. Per their estimates, Enjin Coin will be treading close to $12 in five years’ time. The price after one year is expected at $2.70. According to the estimates of Digital Coin Price, Enjin Coin will end the year with a price of $2.29 while the price in 2028 is expected to be $6.8.

  • Cryptocurrencies to watch this week

    Cryptocurrencies to watch this week

    Cryptocurrencies have been gaining momentum as the market recovers after the crash. We have compiled a list of some of the cryptocurrencies that have shown great potential to watch out today!

    Theta Fuel (TFUEL) is one of the high performing cryptocurrencies of the week. Theta Fuel has increased by 23% in the past week – making it a top performer. Theta Fuel has regained from its 30-day low of $0.16 and is trading hands at $0.35 at the time of publication. Theta Fuel’s price has increased by 5% since the past day while the daily trading volume has also increased by nearly 30%. Theta Fuel is a gas and utility token in the Theta ecosystem along with Theta (THETA) which is the governance token.

    One of the top-performing coins of the week is Enjin Coin (ENJ). The cryptocurrency has had a 20% increase in the past week. It has been a painful recovery process but Enjin Coin has done it with the highest growth achieved in the week. Enjin Coin had fallen from a high of $4 to a low of $1.09. At the time of writing, the cryptocurrency stands at $1.56. The price has fallen 5% in the past day while the daily trading volume has also declined by 50%. Enjin is a social gaming platform on the blockchain.

    Decred (DCR) has had a growth of 11% in the week. Decred established its all-time high at $250. It subsequently fell to a 30-day low of $88. Having gained backed momentum ever since the cryptocurrency is trading hands at $159 at the time of press. Decred crypto has paused its upside moment and has declined by 8% in the past day while the daily trading volume is increasing.

    Helium (HNT) has been a good performing cryptocurrency ever since the market crash. It was one of the cryptocurrencies with the lowest decline. Helium established its all-time high three days ago, right after the market crash when cryptocurrencies were struggling with bullish momentum. The ATH has been established at $23. Helium has declined ever since with a price of $15 at the time of writing but the price had been decreasing the past twenty-four hours.

    Chainlink (LINK) has been increasing in the weekly timeframe. The decentralized oracle provider has become one of the sought-after projects. Chainlink has been on sharp pullbacks to the upside ever since the strong bearish momentum subsided in the market. After a low of $15, Chainlink has increased by nearly 50% – currently standing at $30 at the time of press. The price has been on a slight downtrend in the past twenty-four hours while the daily trading volume has also declined by 30%.