On June 23, Enjin ENJ / USD brought things to life with an introduction to scalable and programmable NFTs at the Azure blockchain meeting.
On June 24, Enjin joined the Crypto Climate Accord in an effort to decarbonize its footprint and boost environmental confidence in the industry. Additionally, Crypto Climate Accord is backed by 20 companies in the blockchain, fintech and green tech industries with names like Ripple, CoiNShares, ConsenSys, Web3 Foundation, Zodia, Canopi and many more.
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On June 25, Pandemic Games joined the Enjin ecosystem. Pandemic Games has been renamed Tron Game Center and creates 2 games in JumpNet with shared NFTs that can be used in both games. The first game will be Pandemic Shooter and the second will be Space Combat.
The video game industry and how Enjin fills in the gaps
The global video game market was valued at $ 173.7 billion in 2020 and is expected to reach a value of $ 314.40 in 2026.
Enjin is a company that provides an ecosystem of interconnected blockchain-powered gaming products. It currently has a market cap of over $ 833 million and an outstanding supply of over 800 million ENJ tokens.
On June 25, ENJ was worth $ 1. On June 21, it fell below $ 1 to $ 0.93 for the first time since May 23, when it fell to $ 0.95.
One of the highest values it managed to reach was on April 9, when it hit $ 3.94.
Should you buy Enjin Coin (ENJ)?
Will Enjin Coin break the $ 3 mark anytime soon? Probably not, but that doesn’t mean investors can’t show high returns. We are confident that we can say that the $ 1 level will provide solid support and it is highly doubtful that it will remain below the $ 1 mark. The current price comes at a time when more and more blockchains are moving towards greener solutions, which is welcomed by the mainstream media.
In addition, the partnership with Crypto Climate Accord will lead to attention and hype.
The fact that more and more studios like Pandemic Games are joining ecosystems and creating games that will use NFTs powered by the Enjin network shows that there is interest.
So you have active development, a move towards a greener solution, and increased use of the ENJ token as a result of all of this.
Despite the fact that the cost has decreased slightly, it is not too high and at a price of $ 1 it can be a profitable investment.
This is especially true if you do this before the latest games are released.
When they become universally attractive, the price of ENJ will surely rise, especially at the end of July, when Pandemic Shooter is released on June 27.
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