Major GameFi platform Enjin (ENJ) saw a massive 20% jump yesterday due to bullish FOMC news. Now, with prices back 4%, bulls are wondering if it’s time for the next step.
Enjin (ENJ) has seen an impressive 2023 so far, forming a bullish trading channel after igniting a rally in January.
The sustained bullish technical structure is solid and could set the stage for ENJ to reclaim previous highs.
Enjin is a platform focused on equipping GameFi developers with the tools they need to build on top of Ethereum.
Enjin (ENJ) Price Analysis
January saw a steady 82% climb as the new year broke the ice of a tough crypto winter for Enjin.
A period of consolidation in February drove price action for three weeks. A 20% breakout candle affected ENJ as of yesterday.
This was inspired by bullish development news published by Coinmarketcap’s Spotlight Report. and positive spirit FOMC meeting,
A strong support level has emerged above $0.45 from a three-week consolidation.
With price action prime, Enjin is targeting a potential increase to $0.70 (+35%) – a historic level last seen in August 2022.
How high can Enjin (ENJ) go?
For signalling, the RSI is on the fence at 52.
It is noteworthy how quickly the RSI calmed down from yesterday’s pump, indicating that there is strong momentum behind this rallying price action.
The MACD offers minor reassurance, showing a slight bullish divergence.
With nothing happening to indicate concern, it looks like Engin’s recovery rally is set to continue – provided the fundamentals remain untouched.
And with a risk: award structure of 2.55 – an attractive entry featuring limited downside risk – the Enjin bulls are on parade.
But GameFi is expected to become a breakout crypto sector with a projected future market cap of $38bn by 2008Which other GameFi tokens could see big returns this year?
Walk the Way of the Warrior: Fight Out (FGHT)
However, with the Play-2-Earn story firmly back on the market scene following the STEPN airdrop, many investors are looking for safer GameFi trades with better upside potential and less erratic price action.
Crypto is a solid contender for significant attention on Twitter Fight Out (FGHT),
To establish itself as a more advanced and better developed STEPN. This new Play-2-Earn DApp aims to take you on a journey to become your ultimate fighter self.
Where STEPN failed – with one-dimensional pedometers measuring step-counts and an overburdened ecosystem that forced players to transact heavily to unlock any real returns.
to fight Intended to be successful, instead offers a high-tech multi-dimensional app that measures and rewards all types of exercise, from time spent training in the boxing ring to late nights pumping iron at the gym. is capable.
It’s all based around a self-contained avatar (think of it like a STEPN sneaker that can’t be bought or resold) – this player-designed NFT symbolizes the user’s fitness journey.
As you train and work, it’s recorded, and your Soulbound avatar’s stats level up in real time – plus you earn in-game $REPS tokens.
These $REPS tokens are redeemable for network native $FGHT, which can be redeemed, spent in the NFT marketplace, or put up for grabs in high-stakes PVP community tournaments, which will allow you to win other users to see who can train the hardest that week.
what’s more? As part of its emphasis on community development, Fight Out has partnered with several elite athletes to lead community training sessions, including world champion boxer Savannah Marshall.
You’ll need to act fast to make the most of the Fight Out pre-sale – over $4.65 million has been raised and pre-sale token prices are increasing every 12 hours in a Dutch-style fair launch Are.
Fight Out team recently announced the launch of an exciting referral promo link program. This gives users the ability to get 5% commission for signing up their friends!
All users need to do is visit the Fight Out homepage, connect a valid crypto wallet, and then click on the 5% referral link button.
At this point, a unique referral link will be generated for you to earn commission! Share the link with friends and family or post it on your social media.
This means that every time someone buys $FGHT tokens – you receive 5% of the purchase amount!
C+ charge (CCHg)
C+ charge ($CCHg) There is a new cryptocurrency that is shaking up the carbon credit industry.
The innovative start-up aims to leverage the industry’s projected growth of $2.4 trillion by 2027. And you don’t need to look far to see its relevance.
Up and down the streets, we’re seeing EV charging stations popping up for fleets of gleaming Teslas. And C+Charge is offering everyday people an opportunity to claim a piece of the pie.
The company offers a peer-2-peer (P2P) payment system for electric vehicle (EV) charging using blockchain technology.
With this system, EV drivers can earn carbon credits and benefit from the growth of the industry.
Currently, only large EV manufacturers such as Tesla are taking advantage of carbon credits. Why concentrate these profits in the hands of a few?
C+Charge aims to level the playing field and put these rewards in the hands of EV owners – and investors are excited to have raised over $1.56m.
The pre-sale of CCHG tokens is already underway, giving early investors the chance to get in on the ground floor of this eco-friendly project. There’s also a $50k giveaway for early bird investors.
Join the C+Charge revolution today and be a part of a project that is making a difference for the environment.
Don’t miss this chance to support a promising project that has the potential for huge returns.
Robotera (Tarot)
robot era is a GameFi project that allows players to design and build their own robots – taking them to battle in a variety of games and challenges, including races, fighting and strategy games, where players can test their robots. Are.
The platform allows players to earn rewards in the form of network native $TARO tokens, which are used to buy and sell virtual assets and settle platform fees and rewards.
RobotEra is currently in pre-sale, an opportunity for interested investors to purchase $TARO before it is publicly available for trading.
The pre-sale offers Taro at a discounted price of 0.02 USDT per token, with a minimum purchase requirement of 50 USDT.
The pre-sale only has a limited supply of 45,000,000 $TARO tokens left, and the first phase of the pre-sale will end soon as whales are in an accumulation frenzy.
The pre-sale is divided into two phases, with the second phase offering $TARO at a higher price of 0.025 USDT per token.
Therefore, investors can get a better deal if they buy Taro during the first phase of the pre-sale.
As of the time of writing, the pre-sale has already sold $46,989,818 of TARO tokens – many gobbled up by clever GameFi whales.
During the pre-sale, investors can buy $TARO tokens using the link below.
Disclaimer: The Industry Talks section features insights by crypto industry players and is not part of the editorial content of 0x0news.com.
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