Technical Analysis:
Currently seeing a bullish divergence on the MACD (Moving Average Convergence Detector) as well as the KST (Know Sure Thing).
The levels on the Stochastic RSI (Relative Strength Index) are above 32 (65.0344 at the time of writing) and I can see that a double Frying Pan + Jay Hook has formed on Enjin Token after a calming of the initial storm.
I believe we will see another run up of a high-profit trade on this token as it continues to gain traction.
Fundamental Analysis:
Enjin Token is an Ethereum based (ERC-20) token that solves the problem of NFTs with a new standard called ERC-1155 which is a next generation smart contract that can be used for tokens and NFTs (Non-Fungible Tokens) simultaneously
"ERC-1155 is the only token standard that enables you to create every type of asset, from currency and real estate to digital art and gaming items." - From Enjin Token documentation
Fundamentally this solves a lot of problems with the current state of blockchain as well as having a Java, GoDot (An open-source game engine for 2D and 3D games), and Unity SDK.
They also have developed a wallet software for smartphones (Android and IOS).
On top of all of this great development they also offer a GraphQL API that is extensible and can be used to interact with and query the Enjin Token network.
Side Notes:
Enjin token solves many problems currently in blockchain and I personally value it much higher than the current market price. There is a real potential for many new utilities and software to be developed on this platform that have many real-world applications.
Have a nice day and happy trading!
Currently seeing a bullish divergence on the MACD (Moving Average Convergence Detector) as well as the KST (Know Sure Thing).
The levels on the Stochastic RSI (Relative Strength Index) are above 32 (65.0344 at the time of writing) and I can see that a double Frying Pan + Jay Hook has formed on Enjin Token after a calming of the initial storm.
I believe we will see another run up of a high-profit trade on this token as it continues to gain traction.
Fundamental Analysis:
Enjin Token is an Ethereum based (ERC-20) token that solves the problem of NFTs with a new standard called ERC-1155 which is a next generation smart contract that can be used for tokens and NFTs (Non-Fungible Tokens) simultaneously
"ERC-1155 is the only token standard that enables you to create every type of asset, from currency and real estate to digital art and gaming items." - From Enjin Token documentation
Fundamentally this solves a lot of problems with the current state of blockchain as well as having a Java, GoDot (An open-source game engine for 2D and 3D games), and Unity SDK.
They also have developed a wallet software for smartphones (Android and IOS).
On top of all of this great development they also offer a GraphQL API that is extensible and can be used to interact with and query the Enjin Token network.
Side Notes:
Enjin token solves many problems currently in blockchain and I personally value it much higher than the current market price. There is a real potential for many new utilities and software to be developed on this platform that have many real-world applications.
Have a nice day and happy trading!