- ENJ recorded a double-digit increase despite the market downturn.
- The Enjin team launched the wallet 2.0, but network growth remained in disarray
Contrary to the wider market sentiment, Энжин Коин [ENJ] persevered by sticking to the bullish run it was on since the first week of the new year. According to CoinMarketCap, top-ranked assets, including Bitcoin [BTC] жана Ethereum [ETH] shredded gains from the previous day.
Реалдуубу же жокпу, бул жерде BTC шарттарында ENJ базар капкагы
However, ENJ defeated the trend as it registered a 14.43% uptick in the last 24 hours. This led to a 62.74% performance of the gaming token in the last 30 days. But what was responsible for this unprecedented doggedness?
Exchanging hands in the wallet 2.0
The reasons for this continual bullishness were not out of reach. First, Santiment’s data аныкталган ошол the volume available on the Enjin network was tremendous. At the time of writing, the volume increase was over 800% from 18 January as it peaked at $355.85 million.
The volume showed the number of transactions that have passed through a network in a given timeframe. So, the skyrocketing ENJ volume implied that there was a towering exchange between buyers and sellers of the ERC-20 compatible token.
Prior to the volume surge, the Enjin team had announced its first set of developments for the year. According to its 17 January tweet, the community could access the Enjin 2.0 wallet on android and iOS devices. Additionally, it received gottem beam support for NFT.io, which was referred to as the marketplace for branded domains.
Биздин жылдын биринчи иштеп чыгуучу жаңыртылышы - бул чоң!
Enjin Wallet 2.0 iOS жана Androidде гана эмес, бизде:
✅ Жакшыраак Beam колдоо күйүк @nft_io
✅ Enjin платформасы үчүн көптөгөн жаңыртуулар
✅ SDKдагы майда оңдоолорСаякат 👉 https://t.co/WAPjuvgbxd pic.twitter.com/l6N5JYBhcj
— Enjin I We’re Hiring 🙌 (@enjin) January 17, 2023
For the wallet 2.0, Enjin даректелген that it would foster seamless trading and storing of NFTs on any application. It also noted that it was pushing for Көп бурчтук [MATIC] NFTs support. The post read,
“Our team of wallet developers has been working tirelessly to ensure that the iOS release is as seamless as possible for iOS users. Our top priority at the moment is to fix bugs and add features that were included in the Android version after the initial release.”
Канча Бүгүнкү күндө 1,10,100 XNUMX XNUMX XRP баасы?
The “Enjin” is still sputtering
Despite its development and price increase, Enjin’s development activity was жалпак at 0.02. This inferred that a lot was not being done to polish the Enjin network. In terms of network growth, it was a similar case as it was down to 185, implying starvation of new addresses on the chain.
Will ENJ continue its impressive run? Well, the perspective from the алмашуу inflow showed that buying pressure might subside soon. While the exchange inflow was 4.48 million, the outflow was close by at 4.68 million. With a minimal difference and spike in both areas, ENJ could be due for a price correction.
Source: https://ambcrypto.com/enj-surges-and-flouts-market-sentiment-but-enjin-remains-faulty/