Enjin and Frax Share became the most profitable coins for January 20

January 20 showed that Enjin Coin (ENJ) and Frax Share (FXS) coins became the most profitable over the past day. This applies to coins that are in the top 100 cryptocurrencies in terms of market supply. ENJ was able to add +16%, and FXS - 14.6%. At the time of writing the news, the tokens began to correct and have already fallen a little, but on January 20 they could give their investors a good profit.

The total supply of Enjin Coin exceeded $420,000,000, and at its peak, the coin reached $0.43. At one point, the daily trading volume conducted by traders exceeded $340,000,000, which is also important.

In second place in terms of profitability per day was the Frax Share token. At the moment, the cost of the token reached $10.50 and at the time of writing, its price tag had already decreased to $10.10. The total capitalization of FXS managed to overcome the mark of $740,000,000, and the level of daily trading volumes was fixed above $83,000,000. Thanks to these indicators, FXS has risen to 58th place in terms of capitalization in the top 100 coins.

It is worth noting two more coins that have grown over the past day. The first of them was Nexo, which added 13% per day. This allowed the token to rise to $0.83 in the moment and overcome the threshold of $460,000,000 in terms of total capitalization. Traders managed to trade $16,200,000+ in the past 24 hours.

The second coin, which will also be worth recalling in the light of the topic under discussion, was Synthetix (SNX). She could bring her investors more than 10% profit per day. The capitalization of SNX almost reached $600,000,000, and the amount of trades conducted by traders per day turned out to be more than $61,000,000.

We previously mentioned Enjin Coin in our article about the top 7 tokens related to the metaverse and related topics with the metaverse. According to our expectations, Enjin can show a good increase for 2023 and, as the first 3 weeks of 2023 showed, the expectations may well come true. If you have not read our article, then we invite you to familiarize yourself.

On December 30, ENJ was valued at $0.233, and at the time of writing, the price has reached $0.4173, up 79%. Compared to Bitcoin, Ethereum and other currencies, which showed only 20-25% profit, Enjin Coin could bring investors almost 2x.

Concluding the topic with changes over the past 24 hours, one cannot fail to mention the flagship cryptocurrency. Bitcoin after a drawdown to $20,600 was able to consolidate a bit and strengthened its position. For the last 14 hours, it has been holding at the $21,000 level, deviating up and down by $100-$150. In general, it seems that the bears do not have enough strength to push the market and soon we will be able to go up.

The same can be said about the main altcoin. Yesterday we talked about a likely scenario for the further movement of Ethereum. If you missed our material, then we invite you to familiarize yourself with it .