Metaverse Tokens Enjin Coin (ENJ) and Decentraland (MANA) Fading; Degrain (DGRN) Flying

The cat’s out of the bag and the toothpaste out of the tube – digital currencies are here to stay. Cryptocurrencies with viable projects like Enjin Coin (ENJ) and Decentraland (MANA) have delivered outsized rewards to forward-looking investors betting on metaverse hype.

However, Enjin Coin (ENJ) and Decentraland (MANA) token prices have cratered since hitting their peaks, and newbies to the crypto scene are unlikely to invest in tokens that have already seen their best days. 

The beauty of the industry is that there are still undiscovered gems like Degrain (DGRN), which has gone meteoric with an imminent 1900% price increase, despite having been in presale for just over a month. Consequently, Enjin Coin (ENJ) and Decentraland (MANA) holders are taking notice.

Enjin Coin (ENJ): bearish momentum continues

Enjin Coin (ENJ) is an Ethereum-based utility token for the blockchain gaming ecosystem Enjin Network. Despite soaring to an all-time high price of $4.80 since November 2021, Enjin Coin (ENJ) prices have fallen off a cliff and are crabbing around the $0.60 mark.

Enjin Coin (ENJ) holders have benefited immensely from the metaverse and blockchain gaming hype, but players and investors are leaving in droves. This suggests bearish days continuing to haunt the token – with no reversal in sight. Enjin Coin (ENJ) investors who bought at $1 are feeling the burn, with prices unlikely to recover due to the coin's massive amount of tokens in circulation.

Decentraland (MANA): the bloom is off the rose

Decentraland (MANA) is the utility token for the virtual reality platform’s in-game economy. Decentraland (MANA) also benefited from the metaverse and blockchain gaming speculation in 2021, which saw it rise to all-time highs.

But with the bloom coming off the metaverse rose, so to speak – Decentraland (MANA) prices have fallen and can’t seem to get back up. Decentraland (MANA) investors who bought near or at the peak are understandably anxious about the token’s prospects moving forward, considering Decentraland (MANA) prices have been trading around $1 since. 

Degrain (DGRN): more and more investors are buying in

Degrain presents burnt Enjin Coin (ENJ) and Decentraland (MANA) holders an opportunity to claw back some of the capital they lost. And with a 1900% increase practically programmed into Degrain as presale prices have jumped from $0.01 to $0.19 by September, it’s easy to see why.

Degrain is a cross-chain NFT protocol centered on delivering value to Degrain token holders through revenue sharing and rewards distribution to stakers, holders, and creators based on their holdings. The Degrain phase two presale is still ongoing, giving investors who lost during the bear market an opportunity to profit. 

Don’t miss out on what could be the biggest presale event of the year – crypto analysts anticipate a 9000% price increase for Degrain by the end of 2022.

Website: https://degrain.io

Presale: https://presale.degrain.io

Telegram: https://t.me/degrain.io

Twitter: https://twitter.com/degrain.io

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