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Saturday, May 28, 2022

Trending Crypto Coins Today: SKALE Network (SKL), Enjin Coin (ENJ), Orbit Coin (ORB)

SKALE Network (SKL) and Enjin Coin (ENJ) have established their new all-time highs in the current bull run while Orbit Coin (ORB) can be heading towards breaking its all-time high. The coins possess potential and have a positive future outlook.


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SKALE Network

SKALE Network is a scalability solution aimed for Ethereum. Through the network, users can create Ethereum smart contracts but much faster and efficiently. It was valued at $0.07 during December and is now trading at $1.07 – its all-time high. In the 24-hour timeframe, the price of the cryptocurrency observed a positive change of around 100% while the daily trading volume shot up by 434%. The market capitalization of the coin, too, has increased by around 100%. SKL stands at a rank of 91 in the market with the market cap valued at $616,106,370 and a market dominance of 0.04%.

The technical indicators are giving out a signal of buy as buyers are dominant in the market. Of the total technical indicators, oscillators are at a sell position while the Moving Averages are giving out an indication of strong buy. According to the forecasts of DigitalCoinPrice, SKALE Network will have a price of around $4 in five years’ time.

Enjin Coin

Enjin Network is a block chain-based gaming platform where users can employ the Ethereum blockchain to create and tokenize game items. The previous all-time high of Enjin Coin was $0.4. In December 2020, Enjin Coin was operating at $0.12 but after a steep ascent the coin is now trading at $2.09 – its new all-time high which only appears to be going up with time. The price of the cryptocurrency increased by 23% in the past day while the daily trading volume went up by 100%. With a market rank of 54, the market capitalization of $1,801,893,412 went up by 30%.

The technical indicators for Enjin Coin stands at a buy position with a majority of oscillators at a neutral position and the Moving Averages giving out a strong buy indication. The future outlook by DigitalCoinPrice for the cryptocurrency is optimistic. Enjin Coin is projected to keep increasing in value over the years and by the end of five years be valued at $7.

Orbit Coin

Orbit Coin is an open source digital currency aimed for the internet as well as the dark net. The all-time high of Orbit Coin is at $1.41 established in the bull-run of 2018. The price of the cryptocurrency has been fluctuating greatly in the past few years – although in a narrow price range because of the low price of the cryptocurrency. From a price of $0.13 in December, the cryptocurrency now stands at $0.26. The rice observed a positive change of 3% while the daily trading volume shot up by a whopping 767513%. Orbit Coin stands at a market ranking of 1528 with a market capitalization of $869,897.

The market sentiment for Orbit Coin, too, is bullish. The upwards trajectory of the price can be expected to continue over the coming days. According to DigitalCoinPrice, Orbit Coin can be expected to cross the $1 mark by 2028.

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Muskan Naveed
Muskan is an economist-in-the-making with a knack for writing. What started off as a hobby has now turned into a possible career path. She specialises in fin-tech but would never say no to writing.

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