{"id":315764,"date":"2023-04-07T12:00:17","date_gmt":"2023-04-07T11:00:17","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=315764"},"modified":"2023-04-07T11:30:31","modified_gmt":"2023-04-07T10:30:31","slug":"enjin-coin-outshines-top-100-cryptocurrencies-posting-40-day-highs","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/enjin-coin-outshines-top-100-cryptocurrencies-posting-40-day-highs\/","title":{"rendered":"Enjin Coin outshines top 100 cryptocurrencies, posting 40 day highs"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/coins\/enjin-coin\/\">Enjin Coin<\/a> posted 11.6% gains over the last 24 hours to lead the top 100 cryptocurrencies.<\/p>\n<h2>Enjin Coin price analysis<\/h2>\n<p>The coin's weekly price performance also impressed, placing as the second biggest gainer over the period, at 20.7%. ENJ was pipped to the top spot by Injective, which grew 23.7% over the past seven days.<\/p>\n<p>Its year-to-date movements have broadly followed the market leaders, and since Jan 1, ENJ has moved into a strong uptrend that peaked at $0.5692 on Feb. 23 &#8211; equating to 134% gains.<\/p>\n<p>The ensuing drawdown bottomed some two and a half weeks later, finding support at $0.3340. Unfortunately, this was also part of a broader trend that impacted the rest of the market.<\/p>\n<p>Enjin Coin's recovery since then has been somewhat muted, topping out at $0.4510 &#8211; or a 35% increase. By contrast, after finding support at $19,560, Bitcoin peaked at $29,203 &#8211; a 49% increase over three weeks.<\/p>\n<p>Since March 28, ENJ has been trending higher on the daily chart. However, the move was capped by a jump above the previous $0.4510 resistance level today &#8211; with bulls reaching just short of $0.50 to record a 40-day high.<\/p>\n<p>The move was accompanied by significant volume, as seen during the New Year frenzy. Similarly, the Relative Strength Index (RSI) shows the current momentum remains intact, with the indicator heading to overbought territory.<\/p>\n<figure id=\"attachment_315775\" aria-describedby=\"caption-attachment-315775\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-315775 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/ENJUSDT_2023-04-07_10-01-19-1024x465.png\" alt=\"Enjin Coin daily chart\" width=\"1024\" height=\"465\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/ENJUSDT_2023-04-07_10-01-19-1024x465.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/ENJUSDT_2023-04-07_10-01-19-300x136.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/ENJUSDT_2023-04-07_10-01-19-768x349.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/04\/ENJUSDT_2023-04-07_10-01-19.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-315775\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/\">ENJUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<h2>New look platform<\/h2>\n<p>On April 4, <a href=\"https:\/\/twitter.com\/enjin\/status\/1643280659379519488\">Enjin Coin<\/a> tweeted details of its upcoming new platform User Interface (UI) &#8211; including a sneak peek of the changes. The thinking behind the update is to simplify development on the chain, said Enjin Coin.<\/p>\n<p>Touted benefits include features such as approving and freezing assets from the interface, all of which are designed to make tokenization more manageable.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">&#8220;With the new platform, you can easily create collections, tokens, and beams. <\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">For any <span class=\"r-18u37iz\"><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/hashtag\/gamedev?src=hashtag_click\">#gamedev<\/a><\/span> out there, you will be able to approve, freeze, mutate, and destroy assets all from within an easy-to-use UI platform.&#8221;<\/span><\/p><\/blockquote>\n<p>Similarly, the project's <a href=\"https:\/\/nft.io\/\">NFT.io<\/a> marketplace is closing in on a public release. The most recent <a href=\"https:\/\/enjin.io\/blog\/enjin-development-update-28-03-23\">development update<\/a> detailed work on the &#8220;Create Asset&#8221; page for better useability and the addition of verified user badges.<\/p>\n<p>The update also mentioned successfully closing its beta testing for Beam, described as a &#8220;QR-powered blockchain asset distribution service.&#8221;<\/p>\n<p>Using <a href=\"https:\/\/docs.enjin.io\/about-the-enjin-platform\/what-is-enjin-beam\">Beam<\/a>, devs can tailor the rewards and assets to better engage with their audience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enjin Coin posted 11.6% gains over the last 24 hours to lead the top 100 cryptocurrencies. Enjin Coin price analysis The coin&#8217;s weekly price performance also impressed, placing as the second biggest gainer over the period, at 20.7%. ENJ was pipped to the top spot by Injective, which grew 23.7% over the past seven days. [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":315776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,76232],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Enjin Coin outshines top 100 cryptocurrencies, posting 40 day highs<\/title>\n<meta name=\"description\" content=\"Enjin Coin leads the top 100 cryptocurrencies as it teases new platform User Interface (UI).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/enjin-coin-outshines-top-100-cryptocurrencies-posting-40-day-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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