Enjin ($ENJ
): Why the "GameFi is Dead" Crowd is Missing the 2026 Rebound đźđ„
Analysis:
$ENJ is down 80% and the market has moved on to newer memes. However, Enjin just launched the "Essence of the Elements" campaign, which forces 50,000 ENJ to be used/burned per season for NFT rewards. With Hyperbridge integration bringing USDC/USDT to Enjin this month, the friction for "real gamers" is finally disappearing.
The Bear Trap: "Broken token model."
Real-World Catalyst: Recurring demand from "Matrixchain" upgrades and cross-chain gaming.
Entry Zone: $0.020 â $0.022 (Historical Floor).
Target: $0.12 | $0.45.
CTA: Gamers don't care about "bull markets"; they care about "play-to-earn" utility. $ENJ is building for players, not just traders. #Enjin #ENJ #GameFi