Non-fungible tokens (NFTs) are rapidly becoming the center of the cryptocurrency market, as evidenced by the stories of millions of dollars raised in minutes for unique tokenized art and rare collectibles. One project that has benefited greatly from the NFT revival is Enjin Coin (ENJ). It hit a new all-time high of $0.67 on February 25 following its listing on Crypto.com and the launch of FTX spot and perpetual futures trading.
ENJ grew by 52% from a low of $0.438 on Feb.24 to a new all-time high of $0.67 before experiencing a pullback to the current price of $0.5908. The project's Twitter feed details the recent partnerships and integrations that have driven the price of Enjin Coin up.
The platform has also benefited from joining forces with the growing Binance Smart Chain (BSC) ecosystem, which has launched an educational NFT campaign, of which Enjin will be a part. The integration of ENJ with BSC makes it possible to avoid high fees on the Ethereum network and can bring a new wave of activity in the Enjin ecosystem.