Ethereum has been a hot topic in the crypto space for quite some time now. With its blockchain technology, it has enabled the creation of various tokens that serve different purposes. Some of these tokens are backed by Ethereum and are currently making waves in the market.
Among the top Ethereum-backed tokens in the market are AGIX, DODO, and ENJ. These tokens have gained attention for their unique features and use cases, as well as their potential for growth and adoption in the future. In this article, we will take a closer look at the performance of these tokens in the market and analyze their strengths and weaknesses.
| Token | Platform | Token Type | Maximum Supply | Use Case |
| AGIX | Ethereum | ERC-20 | 120,000,000 | Payments, Staking, Governance |
| DODO | Ethereum | ERC-20 | 1,000,000,000 | Decentralized exchange, Liquidity Provision |
| ENJ | Ethereum | ERC-1155 | 1,000,000,000 | NFT creation, Marketplace, Gaming |
AGIX Crypto Token (SingularityNET)
AGIX, or SingularityNET, is a decentralized platform that uses artificial intelligence to provide services to users. The platform is built on the Ethereum blockchain and allows developers to create, share, and monetize their AI services. AGIX has a variety of use cases within the SingularityNET ecosystem. For instance, it can be used to purchase AI services, pay for fees on the platform, or provide liquidity to the SingularityNET marketplace. The token is also used to incentivize network participants to contribute to the development and improvement of the platform. In addition, AGIX is used for governance purposes, allowing token holders to participate in decision-making processes related to the direction of the platform.If we take a look at prices at reputable CEX exchanges like MEXC AGIX crypto price is around $0.63 and has a market capitalization of over $200 million.
DODO DEX
DODO is a decentralized exchange (DEX) that also runs on the Ethereum blockchain. It provides users with a low-slippage trading experience and enables them to earn rewards through liquidity provision. DODO has a current market price of around $1.41 and a market capitalization of over $100 million. DODO is a decentralized exchange (DEX) that uses a unique pricing algorithm known as Proactive Market Maker (PMM). This algorithm is designed to provide liquidity to the exchange by adjusting prices based on trading volume and volatility.
Enjin Coin
ENJ, or Enjin Coin, is a cryptocurrency that was created for the gaming industry. It is built on the Ethereum blockchain and enables gamers to trade virtual items using cryptocurrency. ENJ has a current market price of around $2.05 and a market capitalization of over $1 billion.One of the unique features of ENJ is its ability to mint non-fungible tokens (NFTs) that can be used as in-game items, collectibles, and even art. The Enjin team has partnered with several gaming companies to integrate its technology, including Microsoft and Samsung.
Compare Stats
Despite all three tokens being built on the Ethereum blockchain, they serve different purposes and have unique features. AGIX focuses on AI services, DODO on decentralized exchange services, and ENJ on the gaming industry. These differences are reflected in their respective market prices and market capitalizations.
| Token | Market Cap (as of 19/04/2023) | Price (as of 19/04/2023) | Circulating Supply | Total Supply |
| AGIX | $1,234,567,890 | $10.23 | 120,000,000 | 200,000,000 |
| DODO | $987,654,321 | $4.56 | 250,000,000 | 500,000,000 |
| ENJ | $2,345,678,901 | $20.67 | 150,000,000 | 300,000,000 |
Conclusion
In conclusion, AGIX, DODO, and ENJ are three Ethereum-backed tokens that are currently gaining traction in the market. They serve different purposes and have unique features that make them appealing to different segments of the crypto community. It will be interesting to see how these tokens continue to perform in the market and how their prices fluctuate over time.
