- Enjion’s Efinity is live on Poloniex.
- Justin Sun revealed this information through Twitter.
- This has the potential to bring the token’s value higher.
Efinity EFI/USD is a cross-chain NFT blockchain that is powered by its native cryptocurrency token, EFI.
The network is scalable, environmentally friendly, and specifically built for applications, games, creators, and enterprises to deliver their own non-fungible tokens (NFTs) to the mainstream audience.
The Poloniex listing as a catalyst for growth
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On October 25, Justin Sun tweeted that Efinity (EFI) is live on Poloniex.
This received mixed reactions from the community, as some liked the move, while others didn’t really think too fondly of it.
EFI is seen by many as the next metaverse which can facilitate NFT and GameFi growth.
Back in March, Enjin, which is an energy-efficient and scalable platform for the development of NFTs, unveiled Efinity for the first time and stated that the project is at its first phase of the roadmap.
On July 1, Enjin Sold $20 million in EFI tokens, claiming that NFTs are the future of digital ownership.
Efinity payments can be confirmed within 6 seconds and scale up to 1000 TPS due to its fast transaction utility.
It is created as a parachain on Polkadot, and future Efinity developments are intended to introduce Enjin Coin (ENJ) staking, which will allow users to earn EFI rewards.
EFI is also the utility token that will power NFT.io, and EFI is a requirement when it comes to farming exclusive NFTs and taking part in the NFT.io network.
In any case, from this point onward, you can deposit EFI into your Poloniex account.
Should you buy Efinity (EFI)?
On October 26, Efinity (EFI) had a value of $0.882.
To get a better perspective of how far this token can increase in value, we’ll be comparing it to its performance in September as well as its all-time high value.
Efinity had its all-time high on August 4, when the token reached a value of $3.15.
This means that the EFI token was $2.268 higher in value or 257% at its all-time high value point.
EFI’s highest point in September was on September 2, when the token reached a value of $1.301.
Its lowest point was on September 26, when the token reached a value of $0.715.
Here, we can see that the token decreased in value by $0.586 or by 82%.
However, from September 26 to October 26, the token increased in value by $0.167 or by 23%.
With all of this in mind, the EFI token has the potential to reach $1 by the end of November after its listing.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use: