3 reasons why Enjin (ENJ) price has rallied 800% over the last month

Cointelegraph

Published Mar 27, 2021 04:00PM ET

Updated Mar 27, 2021 05:40PM ET

Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture.

One project that has been well-positioned for years to capitalize on this growing trend is Enjin Coin (ENJ), whose co-founder Witek Radomski was also involved in the development of the ERC-1155 token standard, which enabled the creation of NFTs on the Ethereum (ETH) network.

ENJ/USDT 4-hour chart. Source: TradingView
Number of active addresses holding ENJ. Source: Glassnode
VORTECS™ Score (green) vs. ENJ price. Source: Cointelegraph Markets Pro

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