Efinity – Time To Buy Crypto

Is it a good time to buy Efinity right now?

Current Price: $0.11

Average Daily Volume

Efinity is currently ranked number 384 worldwide with a daily trading volume of $1,768,484.00, which it will make it not so easy for you to sell your holdings of Efinity.

Rating: 2/5

Market Cap

Efinity has a total market cap of $66,500,710.00.

Rating: 4/5

Community

Efinity has 574,608 total followers in all its social media accounts.

Rating: 0/5

All Time High

Efinity is currently -96.54% from its highest price $3.15 on 2021-08-04.

Rating: 5/5

Price Potential

The Efinity price has the potential to increase to $91.18 during the next cryptocurrency bull market, which may occur within the next five years.

Overall Score

Our algorithm believes it is an excellent time to invest in Efinity right now.

Overall rating: 4/5

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What Is Efinity?

Efinity is an blockchain for non-fungible tokens (NFTs) developed by Enjin. Enjin pioneered the NFT industry in 2017, authoring ERC-1155, the groundbreaking NFT token standard, and launching the first NFT creation platform.

Efinity is the world’s cross-chain NFT blockchain. Powered by the deflationary Efinity Token (EFI), the network is environmentally friendly, scalable, and built for games, apps, enterprises, and creators to deliver their own non-fungible tokens to mainstream audiences.

Built on Polkadot in partnership with Parity Technologies and the Web3 Foundation, Efinity is a new blockchain that's purpose-built for NFTs. It's a token highway designed to enable a specific kind of future—where NFTs are as widespread and easy to use as smartphones today.

Featuring transaction fee delegation, smart contracts, fuel tanks, crafting, discrete accounts, instant swaps, native multisig, price discovery, cross-chain marketplaces, and a NFT launchpad. Efinity’s transactions are confirmed in 6 seconds and scale to 1000 TPS; in comparison, the Ethereum network currently runs at around 15 TPS.

Efinity will enable NFTs to be utilized by virtually any industry, unlocking trillions of dollars in currently illiquid and unique real-world and digital assets.

Efinity is developed as a parachain on Polkadot, the next-generation, fully decentralized network that is solving the largest issues facing blockchains today, including interoperability, scalability, speed, security, privacy, developability and governance.

Efinity Token (EFI), Efinity’s deflationary token is designed for transaction fees, liquidity, and rewards. Featuring community governance for EFI holders to submit and vote on proposals to steer the future of the network.

Efinity’s network fees, marketplace commissions, cross-chain bridging tolls, and smart contract fees will go towards yield that can be earned by staking and infusing Enjin Coin (ENJ) and participating in trading and discovering NFTs. ENJ is a critical part of the solution, allowing any user to nominate the most efficient collator nodes that run the Efinity blockchain.

Additionally, EFI will be a core utility of NFT.io, a next generation multi-chain NFT launchpad and marketplace. Earned EFI will be required to farm exclusive NFTs and participate in the NFT.io ecosystem

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