An eToro listing has done wonders for Enjin Coin, which has risen by 11% since yesterday
Enjin Coin (ENJ) has enjoyed a steady 59% rally since it was listed on leading cryptocurrency broker eToro a month ago. The project is starting to pick up momentum again as NFTs become more and more central to the gaming world, with gamers able to enjoy a new level of ownership over their virtual lives.
Dive into this article to learn more about Enjin, as well as the best place to buy ENJ tokens.
How & where to buy Enjin in the UK and elsewhere
Enjin is now available on eToro, one of the most popular and reputable cryptocurrency brokers on the market. This makes buying ENJ easier than ever. Simply sign up with eToro or our other recommended partner below and make a deposit to start trading today. Always use regulated brokers like eToro, as unlicensed platforms can’t protect your money in case of a security breach.
As ENJ is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ENJ using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ENJ right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for ENJ
Now that you’re connected, you’ll be able to swap for 100s of coins including ENJ.
What is Enjin?
Enjin is an Ethereum-based cryptocurrency project that brings nonfungible tokens (NFTs) to the gaming world in the most interconnected way possible. Game developers can tokenise in-game items as unique, one-of-one NFTs, which have real-world value backed by ENJ tokens. Enjin Coin (ENJ) is the token that powers Enjin, and even allows players to open a “store” for in-game items.
The Enjin platform also serves as a gaming social network. Each item can be owned by players, who can “destroy” items to receive ENJ coins. This gives the in-game items actual value and opens up a cross-game marketplace where players can trade their favourite items.
Should I buy ENJ today?
The hype surrounding NFTs in the gaming sector is only growing stronger now that the crypto bull market is back in action, and Enjin’s eToro listing has helped to build further viral interest in the coin. ENJ is up by 11% over the last 24 hours while most of the market is in the red, indicating a strong market performance from the project.Now is potentially a good time to invest, with a strong consolidation laying the foundations for a run back up to ENJ’s all-time high of $3.94. The price is currently $2.09, and momentum is building steadily, reducing the chance of a pullback.
This article is informational only — none of the contents should be construed as financial or investment advice.