ENJ Is Struggling To Break a Resistance Level While DeeLance Has Experts Talking

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Enjin (ENJ) is having a hard time breaking above a crucial resistance level. Its journey from inception has been interesting, having debuted in 2017 through an initial coin offering (ICO) and raised $18.9 million shortly after. Built on the Ethereum (ETH) network, Enjin Coin leverages smart contracts and secure transactions. It has a limited supply of 1 billion coins, with each ENJ token currently valued at approximately $0.31.

Enjin’s standout feature is that every token created on its platform is backed by ENJ, providing real-world value to virtual game items and components. This opens up exciting possibilities for blockchain-based gaming systems and gamified experiences.

Enjin simplifies blockchain integration for developers by acting as a bridge between blockchain technology and user-friendly applications. Using a flexible layer and the GraphQL API, Enjin handles all interactions with the blockchain. This helps it eliminate the complexity of direct, smart contract interaction. Further, it streamlines blockchain integration and makes it more accessible for developers.

Meet the new Enjin Platform: the world's most powerful & advanced framework for building NFT platforms and integrations. It's open-source, modular, & user-friendly.

👨‍💻 Ready to build your next blockchain project? Get started now: https://t.co/RFsniOh7Tm 🔧 pic.twitter.com/ECmVwjKK2w

— Enjin (@enjin) June 30, 2023

Enjin’s platform is renowned for being a powerful framework for creating NFT platforms and integrations. It offers a user-friendly, open-source solution that seamlessly interfaces between developers’ apps and the Enjin Blockchain.

Enjin and Etherscape Merge, Unlocking Growth in Blockchain

In a recent announcement, Enjin revealed its merger with Etherscape, a move expected to unlock new growth avenues. This merger allows Enjin to leverage Etherscape’s expertise and resources within the Ethereum ecosystem, expanding its presence and offerings. It provides an entrance for Enjin coin to enjoy enhanced access to Ethereum’s user base and developer community. This is attributed to the two networks joining forces, driving increased adoption and integration of Enjin’s blockchain solutions. This partnership sets the stage for accelerated growth and development within the blockchain industry.

📢 NEW Adopter Alert!

We are thrilled to announce Etherscape (@samthebay) to the Enjin ecosystem! 👋

Their adoption signifies a powerful synergy that will unlock boundless opportunities for innovation and growth🌟

Read more here: https://t.co/Iou7a4FMeI 🔗 pic.twitter.com/bceUmaUwTf

— Enjin (@enjin) June 16, 2023

ENJ Token Ranks Second in Top Projects with FDV, Signifying Potential Value

Last week, Chain Broker reported that the ENJ token achieved the second position on the list of top projects with a Fully Diluted Valuation (FDV) of $291.6 million. A higher FDV indicates that investors perceive ENJ as a valuable asset within the cryptocurrency space. Therefore, the ranking reflects the market perception of ENJ’s value and potential.

The recognition can help boost ENJ’s credibility and attractiveness to potential investors and users. This could lead to increased adoption and market demand for the token.

🔥 TOP PROJECTS WITH FDV $200M – $300M@Galxe, @AttentionToken and @enjin with the largest 24H volume$CREAM $ENJ $BAT $EWT $FLEX $ELF $BRISE $GAL $KSM $BICO #Crypto pic.twitter.com/gq5v8FXXtz

— Chain Broker 🇺🇦 (@chain_broker) June 27, 2023

Overwhelming 99.7% Approval As Enjin Blockchain Welcomes Efinity Parachain

On June 30, the referendum results were announced. The results indicate a strong approval rate of 99.7% in favor of migrating the Efinity parachain to the Enjin Blockchain. This decision brings several benefits to the Enjin platform. For starters, the migration will allow Enjin to expand its ecosystem and attract more developers and projects. Secondly, it facilitates the consolidation of the Efinity and Enjin communities, fostering collaboration and synergy.

The governance proposal regarding the migration of the Efinity parachain to the Enjin Blockchain and the associated token swap has passed with a 99.7% vote in favor. 📃✅https://t.co/WJ31tyGPnp pic.twitter.com/T4bLuDwxDc

— Efinity (@efinityio) June 30, 2023

Furthermore, the implementation of the migration and token swap will enhance Enjin’s scalability and performance. This sets the tone for faster transaction processing and improved user experience. The announcement sets the stage for Enjin’s continued growth and innovation in the blockchain space.

ENJ Price Analysis

Enjin Coin price — TradingView: ENJ/USD 1-Day Chart

The ENJ/USD daily chart analysis indicates that the cryptocurrency is facing difficulty surpassing its initial resistance level of the 32% Fibonacci Retracement, situated at $0.3233. This level holds significant importance as it has acted as both a strong support and resistance level in previous trading sessions. This has been highlighted by the orange areas on the chart.

Historical price action for the ENJ/USD trading pair reveals that a breakout above this level in January resulted in a substantial bullish rally. Similarly, a breakdown in November 2022 and early June 2023 led to significant price declines. Currently, the price has been consolidating around this critical level for the past few days, struggling to break through. A successful break above this resistance level could trigger a substantial rally towards the 61% Fibonacci Retracement level around $0.400.

While the Enjin token seems a promising token, there is another coin that might give good returns to investors.

ENJ Alternative

The freelance industry is undergoing a transformation, and at the forefront of this revolution is DeeLance. With its decentralized approach and utilization of blockchain technology, DeeLance is connecting freelancers and recruiters in a whole new way.

DeeLance is a revolutionary freelancing platform that leverages the power of blockchain technology. By integrating blockchain, DeeLance ensures greater transparency and security while also reducing costs and improving efficiency. Freelancers and clients alike can benefit from the enhanced trust and reliability that blockchain brings to the table.

DeeLance’s integration with the Metaverse offers users a unique and immersive experience. In this virtual world, freelancers and clients can conduct meetings in thematic rooms, showcase their work in interactive exhibitions, and participate in virtual networking events and job fairs. The Metaverse breaks down geographic barriers, enabling global collaboration and making it an invaluable tool for the future of remote work and global business.

Hey DeeLancers! 👨‍💻

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Our presale grants you access to the dynamic Metaverse, vibrant NFT marketplace, talented freelancers, and exciting job opportunities.

Secure your $DLANCE tokens and be part of a community that empowers… pic.twitter.com/NogNd4x4c8

— DeeLance (@deelance_com) July 2, 2023

DeeLance’s NFT marketplace takes creativity to a whole new level. By tokenizing freelancers’ unique and valuable pieces of work as NFTs, DeeLance enables ownership verification and royalty collection for future use or sale. Moreover, NFTs also serve as a means to verify the credentials and reputation of freelancers on the platform, fostering trust and transparency for all parties involved.

For those seeking success in the freelance industry, DeeLance presents an exciting opportunity. By being an early adopter and owning DLANCE tokens, freelancers and clients can set the stage for a prosperous career journey. DeeLance offers a range of features that empower users to take control of their professional lives. From owning virtual offices and hiring talent to promoting work on billboards and collaborating with clients, DeeLance provides the tools needed to thrive in the ever-evolving job market.

Hey DeeLancers! 👨‍💻

💥 Unlock new horizons for your business and career with the DeeLance ecosystem!

Explore our immersive Metaverse to showcase and advertise your brand on billboards, collaborate with skilled freelancers, find your dream job on our hiring platform, and own… pic.twitter.com/fDZDmak0DN

— DeeLance (@deelance_com) June 29, 2023

DeeLance Presale: $1.482M Raised

From freelance to DeeLance, this innovative platform has achieved a significant milestone by raising an impressive $1.482M in its presale stage. This achievement puts the project well on its way toward its ambitious target of $2.3M. The presale price for the tokens was set at $0.043, and upon the completion of this presale stage, the price is expected to increase to $0.048. Notably, the listing price for the tokens has been established at $0.043 USDT.

Visit DeeLance here