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About
History
Differences between Investing vs Trading
About
History
Differences between Investing vs Trading
Founded in 2017, Enjin Coin is a gaming cryptocoin that has recently found its way into the spotlight. The coin exists on the Ethereum network and is specifically designed to facilitate online game transactions, as well as the purchase of NFTs. It allows users to store valuable in-game assets securely, and Enjin Coins are produced automatically when Ethereum is mined.
People can also use Enjin Coin to mint their own customer currencies. Millions of people currently use Enjin Coin, and it is undoubtedly the leader in the realm of blockchain gaming. As an investable and tradeable asset, opinion is more divided.
Enjin's price history is a testament to its volatility, as well as a reminder of just how closely the fortunes of this coin are attached to the success of blockchain gaming. For the early years of its history, its price range hovered firmly within the 0.05 to 0.1 USD range.
However, from January to April 2021, as the Enjin platform expanded and the NFT boom got underway, the Enjin Coin price skyrocketed more than 1000%, past 2 USD per coin. Another peak was reached at the height of the last crypto boom in December 2021, with Enjin pushing past 3.4 USD per coin. It has since fallen back somewhat, but has remained comfortably over the 1 USD threshold throughout 2022.
ENJ has proven immensely popular among speculative investors because of its track record of rising more than 1000% within a few weeks, something that has happened multiple times. This is also a marker of volatility, which could make ENJ a good choice for day traders looking to capitalise on incremental price movements through the use of CFDs.
It is also incredibly liquid and can be sold and converted into just about any fiat currency in a matter of seconds, with minimal transaction fees. For those playing the long game, it's worth paying close attention to the adoption rates of the Enjin Network within NFTs and gaming over time, as these will determine the future success of the coin itself.
| Swap long | [[ data.swapLong ]] points |
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| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
The most popular and trending cryptocurrencies, all in one place at the right time.
- Trade 24/7
- Minimum margin requirement below ~3$
- Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
- No withdrawal fees
- Diversify! 900+ instruments to choose from
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.
Crypto CFD
Physical Crypto
Capitalise on rising stock prices (go long)
Capitalise on falling crypto prices (go short)
Trade with leverage
Hold larger positions than the cash you have at your disposal
Trade on volatility
No need to own the asset or have an exchange account
No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee
Manage risk with in-platform tools
Ability to set take profit and stop loss levels