Altcoin projects are experiencing great increases after the partnerships they make and the innovations they announce.
Finally, Enjin (ENJ) increased by up to 20% after its announcement.
At this point, Enjin announced that they will launch their own blockchain platform on September 13.
ENJ, which experienced a 20% increase after this announcement, rose to $ 0.2846.
ENJ, which has been declining since reaching its annual high of $0.57 in February 2023, fell to $0.21 in the decline in August.
ENJ, which is currently in the process of recovering from the $0.23 support level, may have shown that the trend has turned upward if it is successful in recovering.
If ENJ continues its uptrend, it may reach the long-term intermediate resistance level at $0.50 and the strong resistance level at $0.75.
Enjineers, mark your calendars! The Enjin Blockchain is *finally* launching on:
🟪September 13th, 2023
🟪19:00 SGT (GMT+8)Efinity Matrixchain will be formally integrated into Enjin Matrixchain as the pioneer matrixchain on Enjin Blockchain
Swap ratios are as follows:… pic.twitter.com/TZqRa3PKwa
— Enjin (@enjin) September 6, 2023
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/this-altcoin-rises-20-percent-after-the-announcement/