We will never learn, will we?
I've known about ENJ for a while, but never truly looked under the hood. This is to say that I could appreciate the idea of creating NFT (None Fungible Tokens), integrating them to a gaming ecosystem and what have you, but since I've stepped away from video games, the appeal for me personally was not there.
It's obvious now that they've been working behind the curtains and getting a lot done. Then some pictures leaked of the new Samsung phone, one that now has confirmed crypto ready capabilities, but at the time the picture of the presentation showed an icon for the Enjin Wallet. So, what happened?
Nice steady growth!
Of course not, insanity took over and since that time the token, that mind you is a good project, has been on a tear that may just be over-hyped. Now, I hesitate to advice anyone on this blog of mine, but it's very silly in my opinion to chase after this, so I would never suggest anyone doing so. However, as we can clearly see, euphoria is part of the game at this very moment.
What's gonna happen?
I fully suspect the pullback will be aggressive and as it always happens the dumb money will get killed in the crossfire. I will stare at the charts, simply out of curiosity, but will resist messing with it, more so because this is truly just insane.
At any rate, if you got in ENJ a few months back, congratulations, but don't forget: always take profits!
I already looked into Enjin quite deeply even talked to one of the devs behinds 9lives one of the top enjin games, it's not my kind of crypto tbh... but yeah, I agree 100% with u this pump was crazy, the worst part is that the enjin wallet doesn't even use enjin! It just allows you to store enjin items, well it also allows you to store all kinds of ethereum tokens and BTC and LTC, how and why is that a reason for this pump? It doesn't increase demand for Enjin, it doesn't increase scarcity for Enjin, it doesn't increase anything at all, yes, people might more easily get into crypto that way, but is it really a reason for this hype around ENJ? Just going to the Enjin telegram makes me see how many kids and dumb money is still around, they are all calling moon and lambo without any reason too...
Let's wait and see
There simply isn't better investment advice than this. You only realize gains when you sell. Not selling when gains explode is the only way to not attain them. However, there are nuances that matter, such as retaining some equity rather than closing a position, because sometimes the gains are sustained, and closing a position precludes further gains.
Due diligence is necessary to informed decisions, and I have zero familiarity with ENJ, so my remarks are general rather than regarding this vehicle.
Thanks for all your good advice. You do have a consistent ability to point to reasonable opportunities and courses of action.
Looking at the bigger picture, Enjin coin has increased more than 5x in the last 30 days...
After a huge pump, comes the amazing dump.
It will drop, for 99% of certain.
:P
70% of the time, works every time! Hahaha!
Wow, what a beautiful example of "irrational exuberance"
Bought it at 6 cent . Now 15 cent . May sell today. Nice little profit.
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The most important sentence was the last one!
When greed takes over we do forget to take some profit. We always want more!
Didn’t that the reveal of samsung did have anything to do with the bull run on ENJ!
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I liked it very much thank you for your work
Oh then how i wish i got some enj some month back
Hope for the best, prepare for the worst. Life is full of ups and downs, so is this silly chart.