December 9, is the day of an important event in crypto markets: Newegg’s latest Black Friday sale. To make sure you don’t miss out on a token sale that will be worth your while, we’ve compiled three tokens to watch for during this week.
The “enjin china” is a cryptocurrency that has been rising in price. The token’s value has increased by over 1,000% in the past year and it is expected to continue to rise. If you are looking for a cryptocurrency to invest in, then the enjin coin may be worth considering.
The market capitalization of Axie Infinity has climbed by 4% in the previous 24 hours.
In the previous 24 hours, the Sandbox trade volume climbed by 25%.
The market capitalization of Enjin Coin has climbed by 4% in the previous 24 hours.
Over the last several months, gaming tokens have witnessed a significant surge in popularity and value.
Axie Infinity (AXS), The Sandbox (SAND), and Enjin Coin are some of the most well-known initiatives in this area (ENJ).
Let’s look at why each of these tokens is worth your time and money on December 9th.
Is Axie Infinity (AXS) a good investment?
Axie Infinity (AXS) was worth $111.92 on December 9th.
We’ll look at the AXS token’s all-time high value and performance in November to understand what this value point represents.
The value of AXS reached an all-time high on November 6, when it reached $164. We can see that the token was worth $53 at its all-time high, or 47 percent more.
On November 19, the token hit its lowest point of value, falling to $123. This indicates that the token’s value dropped by $41, or 25%, during November.
However, now is a great moment to invest in the AXS token while it is still at a cheap price, since it has the potential to reach $120 by the end of December.
Should you purchase SAND (The Sandbox)?
The Sandbox (SAND) was worth $5.58 on December 9th.
We’ll compare the token’s all-time high value to its performance last month to get a sense of what this value point signifies for it.
The lowest moment in November for SAND happened on November 1, when the token dropped to $1.58.
SAND attained an all-time high value of $8.40 on November 25, the day before Thanksgiving.
We can observe that SAND increased in value by $6.82, or 431 percent, throughout November.
However, from November 25 to December 9, the token’s value dropped by $2.82, or 33%.
This makes it an excellent moment to invest in SAND, as it has the potential to reach $6 before the end of the year.
Is it a good idea to invest in Enjin Coin (ENJ)?
Enjin Coin (ENJ) was worth $2.78 on December 9th.
We’ll compare the ENJ token’s performance in November to its all-time high value in order to figure out where it stands now.
On November 1, ENJ reached its lowest value point of the month, when it was only worth $2.42.
The value of ENJ reached an all-time high on November 25, when it reached $4.82.
We can observe that the token increased in value by $2.4 or 99 percent from November 1 to November 25.
However, it has now lost $2.04, or 42 percent, of its value.
ENJ, on the other hand, is a good buy since it has the potential to reach $3 by the end of the year.
The post Top 3 gaming tokens to purchase on December 9: AXS, SAND, and ENJ appeared first on Cointext.com: The Home of Altcoins: Everything You Need to Know About Crypto, Bitcoin, and Altcoins.
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