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    Enzyme price

    Enzyme priceMLN

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    Enzyme price calculator

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    MLN
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    1 MLN = 16.92 USD
    Last updated 2024-11-17 12:29:31(UTC-0)
    Buy MLN

    Enzyme price live data summary

    The live price of Enzyme is $16.92 per (MLN / USD) today with a current market cap of $45.13M USD. The 24-hour trading volume is $6.42M USD. MLN to USD price is updated in real time. Enzyme is 6.26% in the last 24 hours. It has a circulating supply of 2,667,580.2 .

    What is the highest price of MLN?

    MLN has an all-time high (ATH) of $270.05, recorded on 2018-01-04.

    What is the lowest price of MLN?

    MLN has an all-time low (ATL) of $1.8, recorded on 2020-03-13.
    Calculate Enzyme profit

    Enzyme price prediction

    When is a good time to buy MLN? Should I buy or sell MLN now?

    When deciding whether to buy or sell MLN, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget MLN technical analysis can provide you with a reference for trading.
    According to the MLN 4h technical analysis, the trading signal is Strong buy.
    According to the MLN 1d technical analysis, the trading signal is Strong buy.
    According to the MLN 1w technical analysis, the trading signal is Neutral.

    What will the price of MLN be in 2025?

    Based on MLN's historical price performance prediction model, the price of MLN is projected to reach $23.95 in 2025.

    What will the price of MLN be in 2030?

    In 2030, the MLN price is expected to change by -2.00%. By the end of 2030, the MLN price is projected to reach $28.38, with a cumulative ROI of +88.43%.

    Enzyme ratings

    Average ratings from the community
    4.4
    101 ratings
    This content is for informational purposes only.

    About Enzyme (MLN)

    What Is Enzyme?

    Enzyme, formerly known as Melon Protocol, is an asset management protocol built on the Ethereum blockchain. Originating in July 2016 from Melonport AG, a company based in Zug, Switzerland, Enzyme represents a significant shift in the world of digital asset management. It was designed to democratize the field of asset management, traditionally dominated by professional financial advisors and firms. By leveraging the power of blockchain technology, Enzyme lowers the barriers to entry, making it possible for a broader range of investors to participate in asset management.

    The rebranding from Melon Protocol to Enzyme signified a commitment to innovation, resilience, and a user-friendly approach. The platform's goal is to enable participants to create, manage, and invest in digital asset funds in an open, competitive, transparent, and decentralized manner. This approach not only simplifies the process of asset management but also injects a level of accessibility previously unseen in the traditional finance sector.

    Resources

    Official Documents: https://docs.enzyme.finance/

    Official Website: https://enzyme.finance/

    How Does Enzyme Work?

    At its core, Enzyme's functionality is driven by smart contracts on the Ethereum blockchain, ensuring a high degree of automation and minimal human intervention. The platform's architecture is divided into two primary layers: the Fund Layer and the Infrastructure Layer. The Fund Layer is responsible for the creation and management of funds within the protocol. It consists of the Hub, which monitors Enzyme funds, and Spokes, which use smart contracts to define and provide services to these funds. This layer is where users interact with the Enzyme blockchain, utilizing tools for managing their funds or vaults.

    The Infrastructure Layer, governed by the Enzyme Council DAO, is the backbone of the protocol. It includes essential contracts for asset price management, MLN to ETH conversions for computational payments, and more. This layer ensures the smooth operation of the entire blockchain and adheres to the rules set by the Enzyme Council. The Enzyme platform allows for the creation of various types of vaults, including public, private, and hybrid, catering to different investor needs and preferences.

    What Is MLN Token?

    MLN is the native cryptocurrency of the Enzyme platform. Its primary function is to serve as a compensation token for network participants, including developers and maintainers. The tokenomics of MLN involve a controlled inflationary model, where up to 300,600 new MLN tokens can be minted each year to fund protocol development and growth. This approach ensures that the ecosystem continues to evolve and improve over time.

    MLN tokens are also used for paying asset management fees within the platform, including fund creation, investment requests, and asset redemption. Additionally, projects seeking integration with the Enzyme network require MLN tokens to enable necessary features. The token's value is intrinsically linked to its utility and the overall usage within the network, making it a vital component of the Enzyme ecosystem.

    What Determines Enzyme’s Price?

    The price of Enzyme (MLN), like any cryptocurrency, is influenced by a complex interplay of various factors, pivotal in the volatile and dynamic world of blockchain and digital assets. One of the primary determinants is market demand, which is significantly influenced by the utility and adoption of the Enzyme platform. As Enzyme facilitates decentralized asset management on the Ethereum blockchain, its attractiveness to investors, asset managers, and DeFi enthusiasts directly impacts MLN's demand. The more users and projects engage with Enzyme for managing digital assets, the higher the potential demand for MLN tokens. This demand is further fueled by the unique features of Enzyme, such as its ability to create and manage diverse investment strategies and its integration with leading DeFi projects, which can attract a broader user base and increase token utility.

    Another critical factor in determining Enzyme's price is its tokenomics, a term that combines 'token' and 'economics.' The MLN token has a controlled inflationary model, where a fixed number of tokens are minted annually to support network development and growth. This approach to token supply can influence its scarcity and value. Furthermore, the activities of the Enzyme Council DAO, which governs the protocol, also play a significant role. Decisions regarding protocol upgrades, feature additions, and partnerships can significantly impact investor perception and confidence, thereby affecting the price. Additionally, broader market trends in the cryptocurrency sector, regulatory changes, and technological advancements in blockchain also contribute to the fluctuations in Enzyme's price, making it a dynamic asset in the ever-evolving crypto landscape.

    Enzyme price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +6.26%-0.77%-1.88%+2.47%+8.04%-58.74%

    Enzyme price history in USD

    The price of Enzyme is +8.04% over the last year. The highest price of in USD in the last year was $34.58 and the lowest price of in USD in the last year was $12.72.
    TimeLowHigh
    24h$15.34$16.76
    7d$14.54$17.32
    30d$14.22$19.16
    90d$13.93$19.16
    1y$12.72$34.58
    All-time$1.8(2020-03-13, 4 years ago )$270.05(2018-01-04, 6 years ago )

    Enzyme market information

    Market cap
    $45,133,388.98
    +6.26%
    Fully diluted market cap
    $45,160,851.8
    +6.26%
    Volume (24h)
    $6,422,144.62
    +131.38%
    Market rankings
    Circulation rate
    +99.00%
    24h volume / market cap
    0.1422
    Circulating supply
    2,667,580.2 MLN
    Total supply / Max supply
    2,668,199.82 MLN
    2,669,203.38 MLN
    Buy Enzyme now

    Enzyme Social Data

    In the last 24 hours, the social media sentiment score for Enzyme was 3, and the social media sentiment towards Enzyme price trend was Bullish. The overall Enzyme social media score was 0, which ranks 1013 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Enzyme being mentioned with a frequency ratio of 0%, ranking 555 among all cryptocurrencies.

    In the last 24 hours, there were a total of 151 unique users discussing Enzyme, with a total of Enzyme mentions of 30. However, compared to the previous 24-hour period, the number of unique users increase by 16%, and the total number of mentions has increase by 15%.

    On Twitter, there were a total of 0 tweets mentioning Enzyme in the last 24 hours. Among them, 0% are bullish on Enzyme, 0% are bearish on Enzyme, and 100% are neutral on Enzyme.

    On Reddit, there were 1 posts mentioning Enzyme in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 50% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#1013)
    Social contributors (24h)
    151
    +16%
    Social media mentions (24h)
    30(#555)
    +15%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    0
    0%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    100%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    0
    Reddit posts (24h)
    1
    -50%
    Reddit comments (24h)
    0
    0%

    How to buy Enzyme(MLN)

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    Join MLN copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or MLN tokens, you can also start copy trading by following elite traders.

    FAQ

    What is the current price of Enzyme?

    The live price of Enzyme is $16.92 per (MLN/USD) with a current market cap of $45,133,388.98 USD. Enzyme's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Enzyme's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Enzyme?

    Over the last 24 hours, the trading volume of Enzyme is $6.42M.

    What is the all-time high of Enzyme?

    The all-time high of Enzyme is $270.05. This all-time high is highest price for Enzyme since it was launched.

    Can I buy Enzyme on Bitget?

    Yes, Enzyme is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in Enzyme?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Enzyme with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy Enzyme (MLN)?

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