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These five altcoins had a negative performance even though the crypto market was bullish.

As the cryptocurrency market continues to evolve and mature, today's top gainers have shown an impressive bullish trend, leading the pack with notable gains. Injective, Solana, Huobi Token, Render Token, and Monero have all demonstrated strong growth, while Conflux, Optimism, Arbitrum, Mask Network, and Enjin have experienced significant losses, prompting concerns about their future performance.

Enjin Coin price has declined 22% from its 2023 peak. On-chain data suggests more downswing ahead.

Enjin Coin [ENJ] has seen a surge in trading volume recently, reaching its highest level in 2023. According to Santiment, the volume reached the Year-To-Date (YTD) high on 8 April, peaking at 459.85 million.

Bitcoin and other cryptocurrencies are regaining ground as they move up to retest the above resistance level.

The enjin token is on for a rally amid the anticipation of the Enjin NFT marketplace launch. Enjin, trading at $0.48 as of press time, had recorded a 14 % increase in valuation within 24 hours.

Enjin Coin (ENJ), the native cryptocurrency of gaming company Enjin, jumped higher on April 7. The crypto asset rose from lows of $0.418 to reach intraday highs of $0.50, its highest level since Feb. 25.

Enjin Coin posted 11.6% gains over the last 24 hours to lead the top 100 cryptocurrencies. Enjin Coin price analysis The coin's weekly price performance also impressed, placing as the second biggest gainer over the period, at 20.7%.

Enjin Coin (ENJ/USD) price went vertical on Friday as investors focus on the upcoming NFT.io launch. The ENJ token rose to a high of $0.50, which was the highest point since March 2 of this year. It has jumped by more than 97% from the lowest level this year. NFT.

Most investors know that tokens that provide utility to the ecosystem that they help function generally make much better investments, as unlike coins that do not provide utility like meme coins, utility tokens will benefit from a consistent buying pressure brought about by the required use of the token.

The metaverse is a rapidly evolving virtual world that is becoming increasingly popular among crypto enthusiasts. As more people become interested in the metaverse, there has been a surge in the popularity of metaverse tokens.

Binance included additional 11 tokens in the Proof-of-Reserve (PoR) report. But, the community demands an audit.

Binance cryptocurrency exchange has included 11 more tokens in its proof-of-reserves report, taking the total number of assets in its system to 24, valued at over $63 billion.

The results have not been audited by any accounting firms.

Traditional cryptos like Bitcoin, Ethereum, Cardano, Ripple, etc. have been trying very hard to maintain a fine upswing. Some of the altcoins, like XRP, Polygon (MATIC), Dogecoin (DOGE), etc., are rising above bearish captivity.

Non-fungible tokens (NFTs) gained huge popularity in 2020 and 2021 amongst the general public. Enjin (ENJ) has been inspiring users and developers to launch their own NFTs, since 2017. And has served as a dominant player in the NFT space. The Enjin is a unique project in the world of conventional cryptocurrencies.

The year 2022 has ended, and if you plan to enter the crypto world in 2023, fret not. This will help you make an informed decision while investing in cryptocurrencies.

While several cryptocurrencies witnessed significant correction during this second month of 2023, the Enjin coin price maintained a slow yet steady recovery rally. The series of new higher highs and higher lows continued the bull run and pushed the prices to a five-month high of $0.569 thus, with today's 10.77% jump, the coin price offers The post Buyers In Control Hints Enjin Coin Poised To Surpass $0.6 Barrier appeared first on CoinGape.

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices remaining above the $24,000 level on Thursday. Ethereum (CRYPTO: ETH) also moved higher, trading above the $1,600 mark this morning.

Enjin coin price went parabolic on Thursday as cryptocurrencies staged a strong comeback despite the rising interest rate hikes bets. ENJ jumped to a high of $0.5650, the highest point since August last year. It has jumped by more than 147% from its lowest point in 2022.

The broader cryptocurrency sector began the year 2023 with an optimistic outlook, and crypto gaming tokens have not been an exception to this trend. What comes as significant gaming news, cryptocurrencies pertaining to the gaming genre have witnessed an average price gain of more than 100 percent in the month of January.

2023 started with optimism for the larger part of the cryptocurrency industry, and crypto gaming tokens have been no exception. Notably, gaming tokens with the highest market capitalization have recorded an average price increase of more than 100% in January alone.

Despite operating losses in 2022 for the Reality Labs business, Meta Inc (NASDAQ: META) CEO Mark Zuckerberg reassured that the company is sticking to its long-term goals for Metaverse, leading to a surge in the prices of associated tokens. What Happened In the last 24 hours, Decentraland (CRYPTO: MANA) rose by 6.40% trading at $0.80.

Enjin Coin Price is ushering in the weekend in style, following a colossal 39% bullish move in seven days. The NFT and gaming platform has in two weeks netted 68.9% in cumulative gains, with its value growing 59.7% in a month.