This is my FA (FOMO Analysis) of this coin, TA aside. I believe this coin is going to become a top 10 coin. With its Samsung partnership, it's one of the few coins that will introduce the world to a practical use of crypto. Not to mention that the Enjin team has released a SDK for mass adoption and development against the Enjin blockchain.
At first I thought it might be a big pump and dump, but now I believe I was wrong and the hype is real. Especially with the crazy price action in this bear market.
With a total supply of 1,000,000,000 ENJ along with a market cap of only $163,729,438 (as of 3/9/19), it has tremendous room to grow.
Take the number 10 coin on coinmarketcap (Tron/TRX), for instance, with a 1.5 billion market cap. ENJ price would climb up to around .66 cents or more (using the 1,000,000,000 total supply value) and would be the tenth ranked coin on coinmarketcap. It would be $1.32 per coin to take the number 5 spot.
Anyways, tell me what you think. Is the hype real, or is my FA just a pipe dream?
At first I thought it might be a big pump and dump, but now I believe I was wrong and the hype is real. Especially with the crazy price action in this bear market.
With a total supply of 1,000,000,000 ENJ along with a market cap of only $163,729,438 (as of 3/9/19), it has tremendous room to grow.
Take the number 10 coin on coinmarketcap (Tron/TRX), for instance, with a 1.5 billion market cap. ENJ price would climb up to around .66 cents or more (using the 1,000,000,000 total supply value) and would be the tenth ranked coin on coinmarketcap. It would be $1.32 per coin to take the number 5 spot.
Anyways, tell me what you think. Is the hype real, or is my FA just a pipe dream?