Enjin Coin (ENJ) has several reasons that could lead to an increase in its value:
1. Growing interest in NFTs 🎨: The popularity of non-fungible tokens (NFTs) continues to rise, and Enjin Coin is the native token of the Enjin blockchain platform, which is focused on NFTs. As more people and companies adopt NFTs, the use of ENJ could increase.
2. Adoption by game developers 🎮: Enjin Coin is used to create and manage NFTs in games. This means that any increase in the adoption of NFTs in the gaming sector could benefit ENJ.
3. Own infrastructure 🔗: Enjin has developed its own blockchain, allowing it to have greater control over its ecosystem and reduce dependency on other platforms like Ethereum.
4. Additional functions 💰: ENJ is used to pay for transactions, staking, and governance fees on the Enjin blockchain. These additional functionalities increase its utility and appeal to users.
If interest in NFTs and the adoption of Enjin Coin continue to grow, we could see an increase in its value. Currently, ENJ is around $0.15, but with projected growth, it could reach $0.50 or more in the near future.