Enjin coin price increases by 7%

The Enjin Coin price ended the weekend in style with a huge bullish move of 39% up in seven days. The NFT gaming platform has risen a total of 68.9% within two weeks and has shown a price increase of 59.7% within a month.

ENJ’s bullish trend has continued over the weekend and everything looks set to continue this week as well. The ENJ price is hovering around $0.42 at the time of writing and the bulls seem to be guarding the $0.40 support as shown by the red line.

Enjin Coin releases update for War Of Ants mobile game

Enjin Coin has announced some updates for the War of Ants game. For example, several bugs in the game have been fixed, including bugs related to advertising. The menu backgrounds have also been addressed, as well as other minor bugs.

According to the description on Google Play, War of Ants is a real-time PvP mobile strategy game about war. Players will take on the role of an ant queen in the game and must compete with other colonies in a world full of conflicts and challenges, according to the team behind Enjin Coin.

In the PvP experience, players need a ticket to start a match with other players, which can be claimed as a daily reward or purchased directly from the game’s marketplace.

Enjin Coin Bulls Ready for Next Rise to $1 Is Coming

Enjin Coin price is trading above $0.43 as more buyers have stepped in after the price moved above the 100-day exponential moving average (EMA) (blue chart) of $0.3479. This momentum has pushed the price towards $0.43 and is likely to push it to new highs of $0.4655 in 2023.

Live price data from CoinMarketCap indicates that there has been a 45% drop in ENJ’s trading volume. It now stands at $188 million, and the drop in volume indicates that investors are now waiting to see where the price is headed.

Enjin Coin price chart
Enjin Coin price chart

Investors waiting in overbought conditions, as is the case today, is nothing new. Should the daily price close above $0.40, it could indicate that the bulls are gearing up to break the 200-day EMA (purple chart), at $0.4954.

Enjin coin price
ENJ/USD Daily price

Investors would be wise to hold long positions in ENJ as the Money Flow Index (MFI) shows that fund inflows still outweigh outflows. Thus, bulls are more influential than bears, making it likely that a rally towards $0.70 could occur.

Another strong indicator of the bullish outlook is the Moving Average Convergence Divergence (MACD) indicator. More investors are expected to continue buying ENJ as MACD shows persistent divergence above the signal chart. If the price manages to continue towards $0.70, then a price of $1.00 is also very possible after that.

Altcoins to consider for higher long-term returns

The price surge of the Enjin coin may have come as a surprise, but that does not mean that similar price increases cannot be predicted. It is advisable for investors to take a look at the best pre-sale crypto. For example, they often offer exceptional opportunities to buy good crypto projects at a low price. Below we have highlighted some projects with great potential.

Meta Masters Guild (MMG)

Meta Masters Guild (MMG) is a very good option for investors interested in P2E and play-and-earn crypto projects. The project is a mobile-based web3 gaming guild that brings together high-quality blockchain games on a central platform.

Meta Master Guild differs from other P2E platforms, such as Axie Infinity, The Sandbox and Decentraland, by focusing on delivering high quality games rather than profit optimization.

Despite this focus, there are plenty of opportunities for community members to earn money through the games. This is possible by participating in games, collaborating on game development, providing in-game assets, creating content and more.

Meta Master Guild is in the second phase of presale and has already raised $700k. Investors can currently buy 1 MEMAG at a price of $0.01. For interested investors, it is advisable to act quickly, as a share price increase is on the agenda.

Note: Cryptocurrencies are unregulated and volatile investments.

Robot Era (TARO)

Robot Era is a metaverse crypto project building towards a more decentralized web3 world. It is a sandbox style project where members can own land and earn assets in a spinning economy.

The characters in the RobotEra universe are robot NFTs. In addition, members of the community can generate income in many different ways. This includes, for example, mining TARO (the platform’s native token), building assets on land and developing games in certain areas of the country.

The RobotEra ecosystem is accessible and therefore does not require a high level of coding. This allows players to code with an easy and accessible coding language.

Furthermore, members will form clusters with like-minded members of the community to ensure faster growth. The pre-sale is moving fast and over $728k has already been raised from the sale of TARO.

Note: Cryptocurrencies are unregulated and volatile investments.

Calvary (RIA)

Investors looking for projects that will encourage crypto adoption have come to the right place with Calvaria. The team behind this game believe they can promote crypto adoption through their play-to-earn game.

Calvaria aims to close the gap between the real world and crypto and to achieve this they have developed a fun and accessible game that is available on mobile app stores and PCs.

Calvaria will also release two versions of the game, a free-to-play and accessible game. It will be made available through Google Play and the Apple Store. In addition, a web3 solution and play-to-earn version will be released.

Calvaria hopes to achieve more crypto adoption with the free version available. The presale has already raised $2.87 million and currently the last 7% presale tokens are for sale.

Note: Cryptocurrencies are unregulated and volatile investments.

Tamadoge (TAMA)

Dogecoin and Shiba Inu have had the problem of utility for a long time. The Tamadoge team learned from this and developed the Tamaverse. This is a play-to-earn platform where players can earn crypto-based rewards.

TAMA is already traded on OKX, after a successful pre-sale in Q4 2022. The token has the potential to become one of the most valuable tokens of the future.

Note: Cryptocurrencies are unregulated and volatile investments.

Battle Infinity (IBAT)

People interested in P2E games can see Battle Infinity’s native token, IBAT, as the best crypto recovery token. The Battle Infinity project is of very high quality and aims to revolutionize the gaming industry by combining games with blockchain technology and the metaverse.

Battle Infinity is known as one of the most promising long-term crypto projects, so it is advisable for investors to buy the coin as soon as possible while the price is still low.

Note: Cryptocurrencies are unregulated and volatile investments.

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