How sustainable is ENJ's +186% week?
Less than a week ago, a popular CryptoPunk NFT sold for a ridiculous 750 ETH, netting its owner more than half a million dollars profit in one week.
On March 2nd, Chiliz announced a $50m plan to bring their fan tokens to US sports, while NBA Topshot - a marketplace for licensed NFT collectibles - recently logged over 120,000 daily active users.
In other words, it’s safe to say that the NFT mania is real. And because not everyone can afford a mint-edition Lebron James highlight, many speculators are instead opting for exposure in NFT-related tokens like CHZ, FLOW and ENJ.
In particular, Enjin coin (ENJ) has been one of the top performing coins to start the week, growing by +31.7% in the past 24 hours and reaching a new price all-time high of $1.83 at the
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