Flipside Crypto Daily Mover: ENJ
A Coin Per Day, Making Big Moves
ENJ Outperforms Gaming Sector Rivals
March 14, 2019
ENJ FCAS is up +9.03% in the last 14 days as rising waters across all asset Fundamentals continue to reach new heights. User Activity is up +48 points (5.46%), Developer Behavior also climbed +48 points (14.37%), and Market Maturity rose +95 points (14.95%) over the same time period. Following two major spikes in price performance corresponding to their Samsung partnership rumors and Unity SDK announcements, price is up +133.49% in the last 14 days.
Our Powers Unite
First it was rumors, then it was reality. ENJ is riding high following confirmation of their partnership with Samsung. Although details of the partnership are still under wraps, it is widely speculated that Enjin’s crypto wallet will be integrated into the tech giant’s new Galaxy S10 phone. This is a logical partnership, as ENJ is one of the leading platforms for creating tokenized assets that can be utilized in video games, DApp games, and e-sports, and Samsung recognizes the significant growth potential in this Gaming sector. Add in ENJ’s partnership with Unity to create Software Development Kits (available today in Unity’s asset store) and the project is well positioned for continued growth.
Nipping at their heels
Two competitors in the Gaming sector have also posted strong Fundamentals in 2019. Following the rollout of their Plasmachain on February 18th, LOOM Network has been surging, up +8.18% in User Activity over the last 14 day with overall FCAS up +27 points. Another direct competitor, WAX, continues to rollout strategic partnerships, posting a +36 point spike in FCAS on the back of a large increase in project utilization.
Hot Take
Gaming communities are extremely comfortable with the concept of tokenizing digital goods, leaving the crypto Gaming sector primed for growth. Enjin is already an industry leader in blockchain gaming with over 20 million registered users on its platform and an impressive history of partnerships (Java, Minecraft, Samsung), so industry rivals have their work cut out for them to outpace ENJ in attracting new users and maintaining growth.
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What is FCAS?
Fundamental Crypto Asset Score (FCAS) is a comparative metric used to assess the fundamental health of crypto projects. The score is derived from the interactivity between primary project life-cycle factors: User Activity, Developer Behavior, and Market Maturity.
Each asset is given a score, 0–1000, and an associated rank.
