ENJIN BEGINS EXPLORING THROUGH THE BIG NEWS NOW! | Enjin Price Prediction Intro:- Cryptocurrency and video games are merging with the power of Enjin. Just like a real engine, you might not have noticed this amazing crypto. Yet, this is one of the hidden gems you need for your portfolio this year! Hello, guys welcome to PROFIT COMPANY YouTube channel your only trustworthy place for crypto updates.
And in today’s content first, we’ll talk about major news updates coming from Enjin along with its price prediction for upcoming months and at the end, I’ll explain why Enjin coin is a good investment right now. As I said I’ll put more focus on Enjin price prediction and updates, if you want to know more about Enjin coin and how Enjin is revolutionizing the gaming industry then go ahead and check out my previous content on Enjin coin, link to this content is shared in the description of the content.
Enjin token gets listed on Kraken the second-best crypto exchange after Binance. This move will increase the liquidity of the Enjin coin and it also introduces the Enjin coin to a wider audience. So basically this means that there will be new buyers and those buyers will push the price higher. News#2:- Enjin joined crypto climate Accord Currently, the cryptocurrency market cap hovers around $1.5 trillion, and the industry collectively uses approximately 150 TWh (Terawatt hours) of electricity annually more than Poland, Norway, Egypt, or Sweden.
To paint a somewhat different picture, Disneyland uses 1 TWh of electricity per year. According to Enjin’s blog post, their blockchain technology can help in reducing carbon footprint which will benefit the sustainable future of our planet. Earlier this year, Enjin announced their plan to enable carbon-neutral non-fungible tokens (NFTs) by 2030, and that plan is now full steam ahead.
NFTs have been a controversial topic of late due to their large carbon footprint created via the process of creating consensus in a proof-of-work mechanism. By using Enjin s interoperable bridging network and scaling solution, JumpNet, Enjin says they can reduce energy consumption through a relatively new consensus mechanism.
The mechanism, known as proof-of-authority (PoA), refers to a sole permission state where only invited parties can participate as nodes on a private blockchain. Using PoA, the companies say they can reduce power consumption by as much as 99.98% when compared with other networks such as Ethereum or Bitcoin.
The process to become fully carbon-neutral, however, may take some time as Enjin says it has only just begun to implement a nine-year plan to upgrade to carbon-neutral nodes. By looking into the vision of the Enjin community, I’m pretty much bullish on Enjin for the long term and expecting a 5x-10x return in the near future.
If Enjin succeeds in reducing energy consumption, then Enjin can surely make it to the list of top 10 cryptocurrencies by market cap. Enjin Coin Price Prediction 2021:- Enjin Coin entered the year 2021 with a trading price of $0.13. On a bullish note, the price started to rise further and is trading at $3.48. The current ATH is $4.00 that evolved in April. Following this, Enjin surged significantly with $2 figures by May.
However, on May 19, the price collapsed, dipping from $1.89 to $1.20. The ENJ price has not yet recouped from the market crash and remains sluggish! Enjin coin may trade at $1.589 by the end of 2021, on average with regular buying and selling pressures. However, the coin might soar if the community concentrates on reducing the transaction fees.
Also, with a wide vogue of the Enjin Smart Wallet, the coin may strike a high at $2.851 with further developments. Final words:- At the time of making this content, the Enjin Coin (ENJ) price was roughly $1.31. Seeing its recent developments, it may reach at least $10.00. Other analysts predict this too.
Investors have just started seeing the yield potential of gaming cryptos. As a result, AXS coins jumped from $3.00 to $18.00 within a month! There s no doubt that ENJ could reach a similar all-time high! That s why Enjin is likely to be a good profitable investment right now.
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