ENJ - Enjin Feb 2021 Outlook
Updated
When researching an asset you want to know that it is viable. Actually doing something. Has a purpose. Is being used.
ENJ ticks the boxes.
Jan 19 2021
Enjin Coin (ENJ) Approved by Japanese Finance Regulators; Will Be Listed on Coincheck Japan
Jan 26 2021
"Coincheck is one of Japan’s largest licensed cryptocurrency exchanges by trading volume. It is registered by the Financial Services Agency (FSA) and operated by Coincheck, Inc. Beginning January 26 at 12:00 pm, users can purchase ENJ with JPY and trade it with BTC via Coincheck. This listing follows Coincheck and Enjin’s partnership to bring non-fungible tokens (NFTs) to Minecraft, announced in September 2020. NFT compatibility is slated to be added to Enjin's Minecraft plugin, “EnjinCraft,” later this month, with select NFTs sold on Coincheck’s upcoming marketplace."
SOURCE
At the end of the article it states:
"Over 40 game developers and enterprises are using the Enjin Platform to issue NFTs, including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android. Enjin’s tech is also being harnessed by companies like BMW and Samsung. As the number of projects and companies adopting Enjin increases, more ENJ will be locked in blockchain assets, thereby removing it from the market and increasing its scarcity."
Applying a repeated bar pattern lifted from Dec 2018 and 2019 there is an uncanny correlation. Both patterns suggest a $1 USD minimum by Feb 2021.
BULLISH
TP1: 0.95
TP2: $1.10
TP3: $1.35
TP4: $1.68
ENJ ticks the boxes.Jan 19 2021
Enjin Coin (ENJ) Approved by Japanese Finance Regulators; Will Be Listed on Coincheck Japan
Jan 26 2021
"Coincheck is one of Japan’s largest licensed cryptocurrency exchanges by trading volume. It is registered by the Financial Services Agency (FSA) and operated by Coincheck, Inc. Beginning January 26 at 12:00 pm, users can purchase ENJ with JPY and trade it with BTC via Coincheck. This listing follows Coincheck and Enjin’s partnership to bring non-fungible tokens (NFTs) to Minecraft, announced in September 2020. NFT compatibility is slated to be added to Enjin's Minecraft plugin, “EnjinCraft,” later this month, with select NFTs sold on Coincheck’s upcoming marketplace."
SOURCE
At the end of the article it states:
"Over 40 game developers and enterprises are using the Enjin Platform to issue NFTs, including Microsoft, Minecraft servers, and games for PlayStation, PC, iOS, and Android. Enjin’s tech is also being harnessed by companies like BMW and Samsung. As the number of projects and companies adopting Enjin increases, more ENJ will be locked in blockchain assets, thereby removing it from the market and increasing its scarcity."
Applying a repeated bar pattern lifted from Dec 2018 and 2019 there is an uncanny correlation. Both patterns suggest a $1 USD minimum by Feb 2021.
BULLISH
TP1: 0.95
TP2: $1.10
TP3: $1.35
TP4: $1.68
Trade active
TP1 and 2 done.TP3 and 4 still in play
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