ENJ (Enjin Coin) up 7.44% in 24 hours

According to Gate News Bot, on December 9th, citing CoinMarketCap data, as of press time, ENJ (Enjin Coin) is trading at $0.04, up 7.44% in 24 hours, reaching a high of $0.04 and a low of $0.03. The current market cap is approximately $67.77 million, an increase of $4.68 million from yesterday, ranking 357th globally.

Enjin is a unified platform for blockchain, wallet, NFT marketplace, and API solutions. Its core products include: Enjin Blockchain (a blockchain optimized for NFTs and gaming applications, supporting 5,000+ transactions per second, 6-second transaction times, and an average transaction fee of $0.0008), Enjin Platform & API (scalable Web3 development tools for mainstream applications), Enjin Wallet (a multifunctional NFT wallet with over 4 million users), NFT.io Marketplace (a branded Web3 trading platform for local and global businesses), and Enjin Beam (a QR code-based NFT airdrop tool).

ENJ is a governance and utility token that powers the Enjin Blockchain and the entire ecosystem of products and services. Users can participate in governance and earn an annual reward of 36.2% through a proof-of-stake consensus model. To date, over 12 billion NFTs have been minted in the Enjin ecosystem, there are more than 12,000 community members, and the project has partnered with brands and projects such as Microsoft Azure Heroes, Samsung Knox, BMW, Atari, and others.

Recent Key ENJ News:

1️⃣ Continuous Expansion of Ecosystem Applications ENJ has established ecosystem partnerships with well-known brands and projects such as Microsoft Azure Heroes, Samsung Knox, BMW, and Atari, demonstrating its real-world application value in Web3 infrastructure recognized by the industry. The involvement of these partners helps expand ENJ’s ecosystem influence and use cases, providing real support for token demand.

2️⃣ Healthy Ecosystem Growth The Enjin ecosystem has minted over 12 billion NFTs, has more than 12,000 community members, and Enjin Wallet users have surpassed 4 million. This indicates a stable growth trend in the platform’s user base and activity. The vast NFT inventory and growing user base provide fundamental support for the long-term demand for the ecosystem token.

3️⃣ High Reward Mechanism Attracts Staking Participation The 36.2% annual reward under the proof-of-stake consensus model is highly attractive to holders, helping to increase willingness to hold the token and participate in the ecosystem, which may provide some support for price stability.

This information does not constitute investment advice. Please be aware of market volatility risks when investing.