Rising Stars Review: Enjin Coin (ENJ), Helium (HNT), and Chronoly (CRNO)
The crypto market fell as many investors withdrew their investments for fear of default. The Ukraine-Russia War is one of the factors in the overall downfall of the financial industry. In addition, inflation is looming all over the world and equities are facing high price volatility. In this turbulent time, is there a crypto to invest in? Yes! Our experts have proven that there are both short-term and long-term investable coins. Enjin Coin (ENJ), Helium (HNT) and Chronoly (CRNO) have a lot of potential. Let’s see what the experts have to say.
Enjin Coin (ENJ) – Holders are starting to see the light at the end of the tunnel
Enjin (ENJ) is an ERC-20 token on Ethereum (ETH) which is used as the main utility token for the Enjin (ENJ) network. It started 2021 at around $0.13 and reached its all-time high of around $4.50 in November. Unfortunately, prices have fallen since Enjin Coin (ENJ) fell below $1.
The price of an ENJ (at the time of writing 6/2/22) is $0.63, which makes recovery very difficult. Nonetheless, the overall market is up today, leading Enjin Coin (ENJ) to rise 9%. This is the perfect example of how volatile and unpredictable the crypto market is.
Enjin (ENJ) may continue to rise for the remainder of 2022 as long as cryptocurrency markets remain bullish over the long term. Additionally, Enjin Coin (ENJ) is in a great position to outperform other altcoins as they recently focused on NFTs and the metaverse.
Helium (HNT) increases by 18%
It looks like Helium (HNT) is back after a recent big spike. After falling more than 50% in the past 30 days, Helium (HNT) is finally showing signs of recovery and giving investors some hope for HNT’s long-term future.
Since helium (HNT) reached its all-time high in November, prices have fallen drastically. Going from $52 to $8 is a huge success; nevertheless, today’s spike is very positive – once the market fully recovers, so will Helium (HNT). As technology and people become more connected, there may be more demand for a decentralized wireless network. Helium (HNT) may or may not be successful in the long term, but the fact that it was first to market and that a16z and Alameda argue that this is a good sign.
Chronoly (CRNO) – The safest asset you can invest in right now
Chronoly (CRNO) is based on an inventory-based system that gives shards and tokens lasting value. This gives crypto investors a golden chance to hold on to their assets and mitigate losses with valuable collectibles. Chronoly (CRNO) could help bulls retain the value of their portfolios.
Chronoly (CRNO) has been bullish at the moment, and it doesn’t seem to be stopping any time soon. Its price was set at$0.01 initially, and investors are rushing to embark on the world’s first unique project. To date, more than 90 million CRNOs have been purchased. With a presale price currently at $0.04, The price of Chronoly (CRNO) has already increased 120% during the presale, as investors benefit from early entry. Moreover, crypto experts predicted that the price would rise to $0.50. This could be a goldmine for you, so hurry!