In 2023 the Enjin project has made significant strides in its development. It has introduced an easy to use blockchain explorer, a sophisticated dapp wallet browser, further progression + advancement of the Enjin blockchain + ‘Efinity’, which serves as a crucial infrastructure for the decentralized cross-chain Metaverse. Enjin has also has its own marketplace, to facilitate buys and sells of in game assets acquired within the metaverse.
However despite this impressive progress, I have a lingering concern about the coin's price action performance. Enjin, like many other alt coins from the 2017/18 era, have experienced a substantial price surge, ($ENJ reaching ~ $4 price/$3 billion mcap), and suffered a significant decline. Historical data suggests that not many altcoins have managed to establish new ATHs following such run-ups and declines.
I do maintain the belief that Enjin is here to stay + will continue to grow, through expansion and the organic adoption of blockchain tech in general. In my opinion what the project truly needs at this stage is to create a AAA game that can attract millions of players then maybe it might break its current price ATH with such a feat. Show Less