With 40-day highs, Enjin Coin outperforms the top 100 cryptocurrencies

Enjin Coin leads the top 100 cryptocurrencies as it teases new platform User Interface (UI).

Enjin Coin price analysis

The performance of the coin’s weekly price also impressed, ranking it as the second-largest gainer over the course of the period with a gain of 20.7%. With a growth rate of 23.7 percent over the past seven days, Injective surpassed ENJ for the top spot.

Since January 1, ENJ has moved into a strong uptrend, peaking at $0.5692 on February 23, equating to 134% gains. Its year-to-date movements have broadly followed the market leaders.

The subsequent drawdown found support at $0.3340 approximately two and a half weeks later. Sadly, this was also a part of a larger trend that affected the market as a whole.

Since then, Enjin Coin’s recovery has been somewhat muted, reaching $0.4510, or a 35% increase. Bitcoin, on the other hand, reached a three-week high of $29,203 after finding support at $19,560.

On the daily chart, ENJ has been moving higher since March 28. However, bulls reached a 40-day high just short of $0.50 today, putting an end to the move by jumping above the previous $0.4510 resistance level.

During the excitement of the New Year, the move was accompanied by significant volume. In a similar vein, the Relative Strength Index, also known as the RSI, indicates that the current momentum is unaltered, and the indicator is moving in the direction of being overbought.

Enjin chart

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New look platform

On April 4, Enjin Coin tweeted subtleties of its forthcoming new stage UI (UI) – including a sneak look of the changes. According to Enjin Coin, the update aims to simplify chain development.

Promoted benefits incorporate elements, for example, endorsing and freezing resources from the point of interaction, which are all intended to make tokenization more sensible.

“With the new platform, you can easily create collections, tokens, and beams.
For any #gamedev out there, you will be able to approve, freeze, mutate, and destroy assets all from within an easy-to-use UI platform.”

The project’s NFT.io marketplace is also getting closer to being made available to the public. The latest improvement update point by point work on the “Make Resource” page for better useability and the expansion of checked client identifications.

Beam, which the update described as a “QR-powered blockchain asset distribution service,” was also mentioned as having successfully concluded its beta testing.

With Beam, developers can customize assets and rewards to better engage their audience.

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