Enjin – Battling for Metaverse Supremacy

*All of the following is only for informational purposes, not financial advice.

The Metaverse has many contenders fighting for dominance: The Sandbox, Decentraland, heck, even Facebook (or is it Meta now?) is trying to make a play at controlling the Metaverse. Enjin, already a top Metaverse cryptocurrency, should not be underestimated. It has the resources, reputation, knowledge, and plan to succeed as the top Metaverse altcoin. Let’s explore Enjin and see how.

What is Enjin?

Enjin was founded in 2009 by Maxim Blagov and Witek Radomski. It is a project that is building the Metaverse. The Metaverse is a decentralized network of virtual spaces and worlds powered by blockchain technology. Enjin is building the infrastructure for the Metaverse with a focus on gaming.

Enjin is also the creator of Enjin Coin (ENJ), an ERC-20 token used to power the Metaverse. Enjin Coin is used to mint Non-Fungible Tokens (NFTs). NFTs are digital assets that can represent anything from in-game items to collectibles. The Enjin platform makes it easy for game developers to create and manage NFTs.

Why is Enjin Better Than Its Metaverse Competitors?

Enjin is better than its competitors due to its ease of use, and developers can customize everything. For example, developers who want to create their own NFT can do so easily without learning a new language or blockchain. The Enjin Platform is easily accessible and can be used in any game or platform. It’s compatible with the most popular gaming engines, including Crytek, Unity, Unreal, Cocos, Marmalade, and Lumberyard. Enjin is currently being used to create over 500 games, including Fortnite and PUBG. The Enjin Ecosystem is the most flexible and powerful gaming platform on the market.

What Can Enjin Be Used for?

Enjin Coin can be used to create virtual goods and services within games, including in-game items, content subscriptions, and even rewards for in-game actions. Enjin Coin is designed to be a universal currency on all games and platforms in the Enjin Ecosystem, eliminating the need to create multiple currencies. Enjin will also be used to create real-world value by digitizing blockchain assets.

Does Enjin Pass the Illuminating Cryptocurrency Checklist?

Does it have a working product or service: Yes. ENJ coin is primarily used in purchasing, selling, and trading NFTs.
Is there a clearly explained road map: Yes.
Does it have an experienced development team: Yes.
How large is the market cap: $460,000,000.
How are the tokenomics: It has a circulating supply of 1,000,000,000 ENJ coins and a max. supply of 1,000,000,000 ENJ coins. Enjin is currently selling at $.45, while its all-time high was $4.85. Enjin would have to increase by 10.7x to return to the all-time high. Enjin is one of the most popular metaverse cryptocurrencies with a maximum supply of one billion tokens. Enjin token is used for virtual goods purchases, community building, and payment for game server hosting.
Does it have a strong, active community: Enjin has 536,000 Twitter followers and is ranked 285 out of 3,899 altcoins on lunarcrush.com (a social engagement tracking website for cryptocurrencies).
Was an audit performed: Yes, successfully passed.
What does the technical analysis show: Enjin is undervalued on the weekly trading chart.

Is Enjin a Good Investment?

Yes, we believe Enjin should be considered as an addition to your portfolio. Enjin continues to make improvements such as lowering costs for developers, artists, and users while maintaining high scalability; improved infrastructure; exploring partnerships with various node providers in the Polkadot ecosystem; improved security; additional NFT features; an updated Enjin wallet; and improvements to Enjin tooling. Enjin’s market cap is much smaller than its larger peers:

This means there is more significant upside potential in investing in Enjin. Enjin also has a large social following and actively engages on social media. Enjin is also undervalued by more than 1000% from its all-time high, despite continually improving.

Conclusion

Enjin is the better option for those looking for a top Metaverse altcoin. The company has good technology, a strong team, and strong support from the community. Enjin is a clear choice for anyone looking to invest in the Metaverse and can end up as the top Metaverse altcoin in the next bull run.