Enjin's token surges 400% challenging claims that 93% of Web3 gaming projects are dead

Enjin's token (ENJ) surged over 400% from $0.020 to $0.103, defying a harsh industry claim that 93% of Web3 gaming projects are effectively dead with collapsing token values and funding. The launch of Enjin's new game, Enjium, and the COO's rebuttal that Enjin belongs to the surviving 7% of projects have sparked renewed interest. While ENJ remains down 95% from historical highs, the recent price action shows potential structural recovery if it breaks above the $0.103–$0.130 resistance zone. This movement contrasts with the broader sector's struggles, suggesting Enjin may be shifting from mere survival to actual growth, though long-term trends still show challenges ahead.