Crypto Telegram jumps on a chance to pump ENJ (again)

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Ibis
Apr 15, 2019

Enjin is up 23.1% over the last 48 hours, and the crowd is loving it.


The rally was likely triggered by the recently-announced additions to the EnjinX explorer, including support for ERC-1155 blockchain assets, which will allow users to search, browse, and verify ERC-1155 assets and transactions.

The project also said that it’s building a ‘decentralized & incorruptible’ version of the book/movie Ready Player One, by creating in-game items/assets backed by a certain amount of Enjin Coin that will be shared across a network of games. You can find more details on it here.


If you’ve been following Enjin during the Samsung rumours back in February, you know the project has a very vocal and animated fan base. They’ve also appeared in droves for Enjin’s recent Binance AMA which prompted a short-lived rally (as ENJ spiked 10.8% in about 3hrs) and got ENJ on top of our Top Social Gainers list for the day:

Spike in ENJ social volume during the recent Binance AMA


Needless to say, this was more than enough fuel for ENJ shilling to begin anew:

“Its ENJ time“

“Buy enj before it flys“

“enj is better than bitcoin“


As with the recent AMA pump, the rally proved to be short lived, with the coin already down more than 5% over the past 24 hours:

ENJ's 1-week price action

Still, the rally is further proof that virtually any announcement related to ENJ appears likely to move the needle. As one telegram user put it:


“enj doesnt need news”

ENJ
Profile picture
Ibis
Apr 15, 2019

Assets from this insight

Enjin Coin logo

Enjin CoinENJ

$ 0.082021

5.27%in last 7d