Enjin blockchain was first launched in 2009 by Witek Radomski. This blockchain is based on the ideology and vision to improve virtual real estate, gaming, augmented reality, and NFTs. The official altcoin season for 2021 is on the rise, and Enjin just received a massive boost by scoring a listing with Coinbase Pro.
Coinbase is the biggest crypto trading platform in the United States. The platform has a massive following in the region, and its premium platform Coinbase Pro is considered to attract the A-listers of investors from all over the world. It should be noted that Coinbase Pro would be going public from April 14th and debut with a COIN ticker by direct trading.
Enjin Coin Makes a Leap Forward Leaving ADA and XRP Behind
ENJ, the native token for Enjin, has climbed up 70% in the market in the aftermath of its Coinbase Pro listing. In addition to ENJ, Coinbase has also added three more digital currencies to its portfolio, namely 1 INCH, NKN, and OGN.
The order books of each of these selected tokens are available for users at all Coinbase supported platforms except for NYC. The mere announcement and confirmation of the listing have started a massive price rally for the said token. Within 24 hours of listing declaration, the ENJ upsurged 30% and reached $3.25.
Enjin Announces Major Updates to Flock the Interest of the Traders
ENJ has been rising steadily upwards for the past few months now. Its continuous progress has a lot to do with the development of two major solutions, JumpNet and Efinity. JumpNet is an upgrade launched by Enjin as a double-layered scaling solution that would reduce gas to zero and support the blockchain’s NFT hosting capabilities.
Meanwhile, Efinity is a next-generation enterprise for gaming, applications, and developers all roaming around the NFT blockchain. Enjin raised about $18.6 million from the private sale of Efinity hosted at Crypto.com last month. These two upgrades have been the biggest contributing factors in sparking the interest of investors well before the Coinbase Pro listing announcement.