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The incredible price performance of Enjin Coin
The incredible price performance of Enjin Coin
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The incredible price performance of Enjin Coin

By Marco Cavicchioli - 26 Mar 2021

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The price of the Enjin Coin (ENJ) token in 2021 has literally taken off.

The token debuted on crypto markets in late 2017 at a price of around $0.02. 

Although it managed to touch $0.46 at the beginning of 2018, it returned below $0.03 during the course of the year, before rising again to $0.2 in March 2019. 

With the exception of a spike to $0.24 in August, the price always stayed around or below $0.2 throughout the course of 2020, which closed at $0.13. 

It is now worth $2.26, or 1,638% higher than at the end of last year. 

The biggest jump, however, occurred in March 2021.

In January, it had merely returned to more or less its previous all-time high of just under $0.5, and in February it even briefly crossed the $0.6 mark. 

At that point, the gain since the end of the year was around 360%, but March saw a real take-off.

The flight of the price of Enjin Coin

From $0.5 at the end of February, it reached a new all-time high of $3 on March 15th, an incredible 500% jump in just two weeks. 

Thus, the current price is not only 1,638% higher than at the end of last year, but is also 7,433% higher than at the end of 2018, just over two years ago. 

On March 8th, ENJ’s value actually increased by 70% in just one day, when it was confirmed that Enjin Coin would be integrated into Samsung’s various official apps on the Galaxy Store

This partnership with the Korean giant will allow the integration of the Enjin Coin wallet within the Samsung Galaxy S10. 

Enjin Coin is one of the leading projects in the crypto gaming industry. For example, its CTO, Witek Radomski, invented the ERC1155 standard that allows for the creation of an infinite amount of both fungible (identical) and non-fungible (unique) tokens with a single smart contract. 

With this in mind, it is easy to understand why the price of ENJ tokens literally exploded in 2021. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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