This addition offers the users of the ITrustCapital platform a chance to trade ENJ tax free. After adding support for ENJ, the iTrustCapital crypto IRA/401k platform now features 21 cryptos. Before that, Enjin was the first NFT platform to join the United Nations Global Compact.
iTrustCapital, the leading crypto IRA/401k platform in the US, has added support for Enjin (ENJ/USD), the native token of the Enjin ecosystem. The company disclosed this news via an official announcement yesterday, noting that this addition aims to offer investors a chance to diversify their Crypto IRA/401k retirement accounts. With this addition, iTrustCapital now supports 21 digital assets including, but not limited to, Bitcoin (BTC/USD), Ethereum (ETH/USD), Polkadot (DOT/USD), Chainlink (LINK/USD), Dogecoin (DOGE/USD). ) and Cardano (ADA/USD).
Users who decide to add ENJ to their Crypto IRA/401k retirement accounts can trade the coin for a 1% fee and tax-free. In addition, they gain access to high liquidity while avoiding legal complexity because the iTrustCapital platform is IRS compliant. Komodo has gone up.
Nevertheless, the company warned that ENJ, like other crypto investments, carries a significant risk of loss. As such, clients should know that they are responsible for any financial losses incurred while trading. iTrustCapital advised clients not to trade the coin unless they fully understand the risks involved.
ENJ rises but slides away soon after
The ENJ market opened yesterday with the coin trading at $1.37 (£0.99) and traded as low as $1.44 (£1.04) after iTrustCapital announced its support. However, the coin failed to maintain this bullish momentum and fell as low as $1.27 (£0.92) before closing day trading at $1.29 (£0.93).
At the time of writing, the coin has recovered some of yesterday’s losses and is trading at $1.39 (£1.07) after gaining 1.35% in the past 24 hours. While ENJ is up 40.75% in the past seven days, it is worth noting that it is currently down 65.37% from its ATH. Tradingview uitleg is now clear.
This news comes as Enjin continues to expand, proving that it is more than just a gaming and non-fungible token (NFT) platform. Last week, the United Nations Global Compact, the world’s largest sustainability program, accepted the project to join its efforts to make the world more sustainable.
This membership made Enjin the first blockchain-based gaming and NFT platform to join the UN Global Compact. According to the head of the UN Center for AI and Robotics (UNICRI), Irakli Beridze, this partnership seeks to explore the feasibility of using blockchain and NFTs to achieve the UN Sustainable Development Goals.