3 reasons why Enjin (ENJ) price has rallied 800% over the last month

New partnerships, the growing popularity of NFT art and the upcoming launch of JumpNet are just a few reasons why Enjin has rallied more than 800% . Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture. 

One project that has been well-positioned for years to capitalize on this growing trend is Enjin Coin (ENJ), whose co-founder Witek Radomski was also involved in the development of the ERC-1155 token standard, which enabled the creation of NFTs on the Ethereum (ETH) network.

Three reasons for the explosive growth for Enjin include the announcement of its Ethereum scaling solution JumpNet, increased exposure and trading volumes due to multiple exchange listings and the continued growth of the NFT sector.

Reference :

https://cointelegraph.com/news/3-reasons-why-enjin-enj-price-has-rallied-800-over-the-last-month

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Author: Priyanka

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