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Short Squeeze

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EGamers.ioVery positive

Enjin Coin Increases from $0.029 to $0.074

Enjin Coin (ENJ) experienced a significant price surge, rising from $0.029 to $0.074, driven by a substantial short squeeze indicated by a 214% increase in open interest and a 21-fold rise in trading volume. This rally is further supported by Enjin's ongoing development of blockchain infrastructure for the gaming and metaverse sectors, including enhancements to NFT tools and increasing adoption by developers.