Projects listed: 276 |
BTC Dominance: 51.16% | Volume (24h): $36,992,748,770 | Market Cap: $2,189,479,499,909
Enjin Coin
ENJ
$0.14
Sector
Gaming
Exchange Debut
2017-12-22
Market Cap
242,046,623
Maxim Supply
∞
Circulating Supply
1,701,259,167
Circ. Supply(%)
∞
Enjin Coin
ENJ
Price
$0.14
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
6551166
0.145826611625
0.132992408425
Change 24h
Change 7d
Change 30d
5.3863
4.9184
1.1383
Maxim supply
Circulating supply
Circulating supply(%)
∞
1,701,259,167
∞
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Enjin Coin – ENJ cryptocurrency:
Enjin Coin (ENJ) stands as a pivotal player in the blockchain-based gaming realm, backed by its parent company, Enjin. With a formidable ecosystem, including the Enjin Network, the platform bridges the gap between gaming and real-world value by tokenizing in-game items on the Ethereum blockchain. The Enjin Coin’s role as an ERC-20 token gives it tangible value, translating into real-world trading capabilities. This has garnered it an impressive overall score of 8.40 out of 10 in our fundamental analysis of the Enjin Coin – ENJ cryptocurrency.
SOCIAL & MASS MEDIA: Score 7.52 out of 10
Enjin Coin exhibits a robust presence on social media platforms, evident from their remarkable score of 9.50 for attracting followers. While their administrators are reasonably active, scoring 6.20, the community activity could use a significant boost, lagging at 1.00. However, with an outstanding media presence and substantial chat group communities, ENJ showcases a potential for further growth in this segment.
AUDIT & SECURITY: Score 9.05 out of 10
The fundamental analysis of the Enjin Coin – ENJ cryptocurrency reveals commendable audit results, scoring 9.50. Public information transparency and liquidity on exchanges also fare well, both positioned at 8.00. This assures potential investors about the project’s integrity and financial security.
TOKENOMICS: Score 9.50 out of 10
Tokenomics stands as one of ENJ’s strongest suits. Its non-inflationary nature scores a perfect 10, although there’s slight concern about the centralization of its monetary mass, scoring 8.00.
ECOSYSTEM DEVELOPMENT: Score 8.20 out of 10
Evaluating their objectives and potential developments, ENJ showcases a balanced approach to ecosystem growth. Both these subcriteria received an 8.00, indicating consistency in their growth trajectory.
TEAM & DEVELOPERS: Score 7.20 out of 10
The team behind ENJ boasts an impressive experience, scoring 8.50. However, there’s room for enhancement in the number of software developers, which currently stands at a mere 2.00.
PRODUCT & UTILITY: Score 9.10 out of 10
ENJ thrives when considering product utility, reflecting a score of 9.50. Furthermore, the tokens’ utility in the ecosystem also showcases significant potential with a score of 8.50.
PARTNERS & INVESTORS: Score 7.65 out of 10
The fundamental analysis of the Enjin Coin – ENJ cryptocurrency in the sphere of partnerships and investors is promising, with both number and quality of partners and investors demonstrating satisfactory potential.
Fundamental analysis of the Enjin Coin – ENJ cryptocurrency – The final conclusion
Diving deep into the fundamental analysis of the Enjin Coin – ENJ cryptocurrency, we discern that ENJ presents a sound investment opportunity. With an overall score of 8.40, it exhibits strengths in tokenomics, audit, product utility, and security. Nevertheless, potential investors should exercise caution considering the less-than-optimal community activity on social media and the need for a more extensive development team. Balancing these factors, ENJ, with its innovative solutions in the gaming industry, remains a cryptocurrency project poised for growth, worth considering for a diversified portfolio.
What is Enjin Coin – ENJ?
Introduction to Enjin Coin – ENJ
Enjin Coin, known as ENJ, is a creation of Enjin, which has an ecosystem of blockchain-based gaming products. Their primary offering is the Enjin Network, a platform for gamers to build communities, chat, and run virtual item stores.
Tokenization and ENJ’s Role
Through Enjin, developers can convert in-game items into tokens on the Ethereum blockchain. The Enjin Coin, an ERC-20 token, supports these digital assets. Consequently, these items possess real-world value and can be traded. Every asset crafted using the Enjin Platform holds ENJ, ensuring their value and scarcity. The platform’s “melting” feature allows users to reclaim the ENJ value by destroying their assets.
Enjin’s Evolution in the Gaming World
Founded in 2009, Enjin’s initial product was a gaming community platform, the Enjin Network. This platform saw growth, reaching 20 million users within ten years. Post an ICO in 2017, Enjin delved deeper into blockchain development. Witek Radomski, Enjin’s co-founder, pioneered one of the first non-fungible tokens (NFTs) and co-authored the ERC-1155 Ethereum token standard. Enjin’s infrastructure supports game developers and businesses to utilize tokenized assets for various strategies, powered by the ENJ cryptocurrency.
What Sets Enjin Coin Apart?
A fundamental analysis of the Enjin Coin – ENJ cryptocurrency reveals its uniqueness. Every token created using the Enjin Platform is backed by ENJ. This process grants in-game items tangible liquidity. Developers use ENJ to produce unique ERC-1155 tokens, which can then be traded. As more tokens are crafted, the ENJ becomes rarer. Enjin Coin operates both on-chain and off-chain. Once an in-system transaction finishes, a Trusted Platform contacts user wallets, and the digital item appears as a placeholder till Ethereum validates the transaction.
- Latest analysis update: October 5, 2023
Enjin Coin - ENJ performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
