In the world of altcoins, there is never a lack of market momentum whatsoever. While not all markets are effectively moving in the same direction, it would appear some offerings make much of a bigger impact compared to others. The Enjin Coin price is an interesting example in this regard, as it continues to impress traders all over the world.
A lot of traders were expecting to see Enjin Coin turn a bit more bearish in the weeks to come. So far, that has not happened yet, which isn’t necessarily a bad thing either. Although the market is still going strong, there are plenty of losses which need to be made up in quick succession. It seems unlikely that all-time high will be reached again fairly soon, but the current uptrend remains in place without too many problems.
To put this in perspective, the Enjin Coin price has gained another 5.73% to rise to $0.176785. In terms of ENJ/BTC, there is a 5.33% increase to 3,373 Satoshi. Last but not least, ENJ/ETH is also up by 2.95%, which further confirms the overall uptrend is still in place. When looking at the rest of the markets, it appears ENJ is firing on all cylinders. If the ENJ/BTC trend remains in place, things can get very interesting in the coming days and weeks.
When pump and dump groups continue to pay attention to the same markets for an extended period of time, things will either collapse or get very interesting. For Enjin Coin, it appears the Binance VIPSignal group has high expectations for this particular altcoin despite noting some very solid profits in recent weeks. How high the market can go, remains to be determined, as everything is possible in this industry.
— BINANCE VIPSIGNAL (@Vipsignals_EX) April 18, 2019
What is equally interesting is how Enjin Coin has recently been listed on the Binance platform through a USDT trading pair. While this is not the first ENJ trading pair on Binance, it is an interesting addition. More gateways to get people into trading this altcoin can yield further liquidity, which is something this particular market would certainly benefit from.
— Smart Coin Listings (@SmartCoinList) April 18, 2019
Last but not least, there is the view shared by Daniel Muvdi. This trader has pocketed 15% in profit with Enjin Coin over the past few days, which is impressive in its own regard. However, he expects even more positive momentum to materialize in the coming weeks, which is pretty interesting to keep an eye on. Whether or not this optimistic view will effectively materialize, is a different matter altogether.
Bien en mi ultimo Video compartí con ustedes una señal de trading en #ENJ coin, en estos momentos la señal alcanzó más del 15%! felicitaciones para los que la operaron! al final Se dieron ambas predicciones muy bien seguiremos trabajando! pic.twitter.com/2imcjaQcy8
— Daniel Muvdi (@DanielMuvdiYT) April 17, 2019
All things considered, there is plenty of positive momentum in the cryptocurrency market to ensure Enjin Coin continues inching up ever so slightly. A near 6% gain is impressive compared to other markets, thus it seems unlikely any further gains will materialize in the next few hours. However, there is always a chance a surprising breakout will occur, although one never knows what the near-term future will hold for Bitcoin and alternative markets.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.