Even if you have been trading/investing in cryptocurrencies for a long time, it is important to research the coin and determine whether it will be successful before investing. Enjin could potentially make waves among all of these coins but there are many factors that need consideration when determining its future performance.
There is no direct recommendation in this article to invest in a particular cryptocurrency. But we will give you all the information so that you can determine if it’s right for your investment portfolio. It’s important, then, that you read carefully and consider everything before making any decisions about which cryptocurrencies are best for investing with.
Enjin (ENJ)
Enjin is a decentralized service that provides all of the necessary features for developers to create and integrate cryptocurrency into their games. It has an extensive ecosystem of interconnected platforms, each with its own set of tools and functions that provide comprehensive services rather than simply serving as individual products.
Unlike other cryptocurrency platforms, Enjin has a native currency that trades under the symbol ENJ. It is an ERC-20 token, which means it’s somewhat based on Ethereum. In fact, the platform allows game developers to create and issue in-game tokens (made of ether) on its blockchain. The tokens can be traded with real world value like any kind of crypto asset thanks to smart contracts running over Ethereum’s network.
What Makes Enjin (ENJ) Unique?
Enjin is designed in a way that every item or token generated can be traded for other digital assets and even go real-world. This means tokens have the potential to become liquid, giving them value. Users can create their own fungible and non-fungible tokens using a new standard called ERC-1155. Developers must pay with ENJ to mint these specialized tokens, but the more they do so, the less ENJ is left in circulation – which will ultimately increase its value as well as that of Enjin Coin itself.
Should You Invest in Enjin?
There are many reasons to invest in Enjin. Like other coins, it is volatile and generally seen as a risky investment vehicle but the possibility of becoming rich by investing in Enjin crypto asset exists. The decision to invest or not depends on your personal conviction based on financial standing and affinity for risk taking.
Is It Safe to Buy ENJ Now?
Investing in the digital world is fun yet dangerous. There are cybercriminals in almost every country, targeting unsuspecting individuals as well as institutions that aren’t properly secured. So, Enjin is a safe place for online investment?
The answer to the question above is “yes,” Enjin is a relatively safe platform, and the ENJ token can be considered a safe digital asset. In order for you to keep your investments secure when investing in cryptocurrencies or tokens, it’s necessary that you do so through reputable platforms and store them in reliable wallets with proper security measures enabled.
Reasons To Buy Enjin
- Enjin already has multiple real-world use cases:
Enjin allows for the creation and integration of next-generation non-fungible tokens with applications, games, and websites. These tokens can be used in the video game industry as well as in other industries like big tech or DeFi (decentralized finance).
- Enjin has an active developer team:
The Enjin developer team is involved in various projects outside of the blockchain. In March 2021, they launched a new project called Efinity that will allow for faster transactions and more scalability on Polkadot NFTs. The point to grasp here is that the Enjin platform continues to grow due its strong development team representing innovative ideas from around the world.
- Enjin is supported by a scalable network:
Enjin is a scalable, efficient blockchain network that makes transactions faster and more fun. Unlike Ethereum’s Proof-of-Work algorithm which processes blocks every 10 minutes on average, Enjin uses PoS to validate new blocks every 2 seconds with the potential of handling thousands of transactions per second. It does not get bogged down easily like other blockchains.
- It has secured important partnerships:
Enjin is already in partnerships with major companies, including Samsung. These big corporations are continuing to invest their resources into Enjin’s collaboration projects – if they see something special about the project, investors should feel confident that it will be successful.
- Enjin is now available in major exchanges:
When a relatively new cryptocurrency is listed in almost all the major exchanges, then you can be sure that it has earned a reputation in the crowded industry. Enjin is available in major exchanges and some of the most trusted brokerages like eToro.
Where to Buy Enjin (ENJ)?
The best place to buy cryptocurrencies like Enjin is cryptocurrency exchanges, which are similar to stock markets but focus on cryptos instead. A couple of the well-known ones you can use include eToro and Coinbase Pro. You can also buy Enjin from brokerages. There are a few stockbrokers that allow users to buy and sell cryptocurrencies from their websites. These are progressive brokerages that understand that cryptocurrencies will likely go mainstream in the near future.
Conclusion
Regardless of your experience level in online trading, you need to research extensively to know what to buy, when to buy, when to sell, when to HODL, and more. Being smart in cryptocurrency trading means getting the right information at the right time and using such important information to make investment decisions. You can always find the right information here.
