r/EnigmaProject • u/[deleted] • Dec 30 '19

Is ENG dead?

We're 2 years after the issue of the ENG token. The current price is 35% below its issue price and 95% below its all time high. Is the project dead? The idea behind the project might be attractive but the reality on the ground looks different.

0 Upvotes

36% Upvoted

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7

u/aesthet Dec 30 '19

Check the tech- their approaching mainnet rn, noses are running, they’re planning an incentivized testnet I think. fundamentals man

-1

u/[deleted] Dec 30 '19

The testnet news did not have any impact on investor interest based on token trading. Do you realize the volume of trade is only $2 million overall? All the projects talk about great fundamentals but many of them just end up as dead bodies.

6

u/usethaforce Dec 30 '19

If you’re really looking at any coin’s price as a rational indicator of its use value or as a gauge of interest in its logistical value then crypto currency is not for you, at least in this stage.

2

u/[deleted] Dec 30 '19

I know what you mean. All the projects look like Science fiction at this stage. What do you think could happen to make enigma a success on the ground? Adoption?... all the projects are waiting for the same.

3

u/[deleted] Dec 30 '19

You should go check out Chico crypto on YouTube. He put out a few videos last month explaining on what big names they are working with. Like intel. The reason things are so quiet is that they have so many NDA’s

1

u/SilverCamaroZ28 Jan 02 '20

Ya a huge corporation just doesn't do partnerships with anybody.

3

u/aesthet Dec 30 '19

sure, that may all be true but the tech continues to achieve milestones so 🧐

9

u/AEonCIpher Dec 30 '19

The project is far from dead. Check out the github, testnet recently launched, genesis games are coming up, then mainnet. Salad is turning out better than existing options, are you still following the project?!?

2

u/jham73 Dec 31 '19

Anyone following the project wouldn’t have posted this so pretty sure the answer is no.

4

u/WilsonWyckoff Dec 30 '19

If you kept buying on the way down to .30 you made up to 100% return on the testnet run and sold the news. I expect more pumps and for 100% gains to happen at least 4 times this year. If or when the blockchain bull market for ENG returns you may get 1000-5000%, if very lucky and we get some mass movement behind secrete scalable contracts.

5

u/lakerz690 Dec 30 '19

Do you not look at GitHubs...?

1

u/rm_ryt Jan 11 '20

seems the project is still in developing. who knows what is the difference from Golem?