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 for the Enjin blockchain platform, which focuses on NFTs. As more people and businesses adopt NFTs, ENJ's usage could increase.
2. Adoption by Game Developers 🎮: Enjin Coin is used to create and manage NFTs in games. This means that any increase in NFT adoption in the gaming sector could benefit ENJ.
3. Proprietary Infrastructure 🔗: Enjin has developed its own blockchain, allowing it to have greater control over its ecosystem and reduce reliance on other platforms like Ethereum.
4. Additional Functionalities 💰: ENJ is used to pay transaction, staking, and governance fees on the Enjin blockchain. These added functionalities increase its utility and appeal to users.
If interest in NFTs and the adoption of Enjin Coin continue to grow, we may see an increase in its value. Currently, ENJ is trading at around $0.15, but with projected growth, it could reach $0.50 or more in the near future.