Enjin Coin’s [ENJ] volume hits YTD peak, this was the driving force

ambcrypto.com:

Enjin Coin [ENJ] has seen a surge in trading volume recently, reaching its highest level in 2023. According to Santiment, the volume reached the Year-To-Date (YTD) high on 8 April, peaking at 459.85 million.

How much are 1,10,100 ENJs worth today ?

This increase in volume meant that the token piqued the interest of investors and invariably drove the crowd’s sentiment toward trading ENJ. The volume, sometimes, also carves out patterns that align with a bearish or bullish outcome.

In ENJ’s case, the rise in the number of transactions on the network enabled ENJ to hit $0.489 — a region it has struggled to reach since 25 February. Although, the price at press time had declined to $0.429 after an 8% decrease in the last 24 hours.

Source: Santiment

But what were the factors that spurred this move? Well, on 4 April, the project announced that developers and gamers in its ecosystem would be able to manage their NFTs easily. According to Enjin, the new platform would allow for the creation, collection, and ability to freeze assets.

With the new platform, you can easily create collections, tokens, and beams.

For any #gamedev out there, you will be able to approve, freeze, mutate, and destroy assets all from within an easy-to-use UI platform ✅

— Enjin I We're Hiring!