The Engine cryptocurrency (ENJ) is rumored to be in an early phase before the surge, based on technical indicators and an important network update scheduled to take place on April 6, 2021.
For the record, the cost of buying one ENJ has increased over 1500% all due to the gas surge in the Ethereum network and the cost of trading transactions, making these coins an alternative.
In fact, the surge was also driven by rumors announced last month that there would be an update to improve the network's scalability and interoperability.
The update also aims to justify Ethereum’s high gas costs at once and at the same time increase support for the non-fungible token (NFT) industry that is receiving assistance.
The first update, JumpNet will launch tomorrow, April 6th. The engine describes the update as a personal version of the Ethereum blockchain with the Proof of Authority (PoA) consensus method which will allow instant, secure and gas -free transactions.
The engine also plans to add more nodes in JumpNet by partnering with trusted firms.
The JumpNet update will also drive a complete overhaul of the Engine network, on a second update known as Efinity. It will also introduce a multi-chain interoperable network for NFT.
Currently, ENJ is still seen at a weak level due to the correction for the entire crypto market. For example, the exchange rate for the BTC/USD pair was down 0.65% earlier this morning while the ENJ/USD was down almost 3% in the last 24 hours.
It is expected that the currency will reach the level of $ 3.81. However, at the time of writing, ENJ is trading at $ 2.44, up 0.8% in 24 hours.
