Will Enhance Token Explode?
Enhance token (ENH) continues to trend on social media platforms due to the extensive uses of its growing ecosystem.
Unfortunately, while accounts have been created for the token by CoinMarketCap (CMC) and other crypto price tracking portals, ENH largely remains untracked for the time being.
What is Enhance token?
According to information available on CMC, ENH is a soon-to-be multi-asset that will be primarily focused on the integration from Web2 into the Web3 space.
Like all cryptocurrencies, ENH will need to be backed by a strong technological infrastructure before it can become a mainstream digital currency patronized by millions of traders and investors in a market with more than 20,000 crypto assets.
The Enhance ecosystem comprises seven areas; Shop, Apes, Swap, Education, Energy, Staking, and Blueprint.
Shop - This segment of the Enhance project primarily focuses on selling zero sugar and regular drinks as well as a sports bra, sports leggings, duffle bags, backpacks, quarter zip pullovers, performance caps, athletic shorts, tank tops, athletic T-shirts, and running pants.
Once ENH is fully launched, it could become the primary token to buy the aforementioned products. This could positively reflect in its daily transactions, culminating in a price increase.
Just like positive news of Bored Ape and Otherside for Otherdeeds is reflected in ApeCoin (APE), the novel token of Enhance could be exploding with above-average monthly sales volumes from its Ape project.
Education – This platform consistently informs stakeholders about the current developments of the project.
Swap – This is currently operating in beta mode. When fully functional, it will offer fiat onboarding and a self-maintained liquidity provider (LP) pool that will be essential in exchange token swaps.
Staking – In crypto, staking is the locking of a portion of digital assets to support the validation and verification of transactions on a Proof-of-Stake (PoS) network. ENH is the ecosystem's base currency, and holders that engage in staking could be rewarded with decent periodic rewards.
Energy – While some crypto mining is done via hydroelectricity, this sector will primarily focus on using solar energy in the mining operation of cryptocurrencies.
Blueprint – This segment has been reserved for crypto brands that will partner with the project so that they will be able to thrive and survive in an ever-growing industry where billions of funds exchange hands daily.
Will ENH explode?
With potential partnerships in the pipeline, staking, and the adoption of Enhance token as a transactional currency, the token could be among digital assets that bring investors decent gains within a short time.
Author: Raphael Minter
Raphael Minter/ Albert Zuhnden (preferred pen name) is a crypto finance writer, data miner, and fundamental analyst. Raphael has written hundreds of articles about centralized and decentralized financial instruments such as precious metals, commodities, stocks, and cryptocurrencies. He broke into digital finance in 2016 and believes digital assets and blockchain technology is the future of finance.