From a gaming market in 2009 to an NFT behemoth today, the Enjin Network has come a long way. Enjin has developed a framework allowing game developers to produce NFTs for use in their projects. Because users can melt the tokens back to the original ENJ investment, the native coin ENJ will then be used to generate NFTs, giving the coin real-world value. This Enjin Price Prediction article will give us more information.
Users can also use Enjin to buy, sell, and trade items they’ve earned while enjoying any Enjin-supported game.
This medium to long term Enjin Price Prediction article will help us anticipate the direction in which this alt token intends to go.
What will Enjin be worth in the future?
Based on our comprehensive medium to long term price forecast, Enjin Coin Price has the potential to be worth anywhere between $2.08409 to a whopping $19.31 in 2025.
What’s New on Enjin
Enjin, the leading non-fungible token (NFT) ecosystem, has released Efinity, its flagship parachain, on Polkadot. Efinity will support CryptoBlades and its 1.1 million users as the first NFT parachain to debut on the Polkadot network; this is with support from over 100 games and apps.
Efinity streamlines the customer journey and economics of metadata standards to lower entry barriers to NFTs and federated gaming. Enjin is praising Polkadot and Efinity as the future generation of blockchain gaming. As the first gaming platform to drive NFT adoption on Ethereum and the creators of ERC-1155; ENJ is now proclaiming Polkadot and Efinity as the next future of blockchain gaming.
Enjin Price Prediction – Historical Performance
Enjin Price Prediction 2017
The ENJ coin debuted in the cryptocurrency market on November 1st, 2017, with a price of $0.02431. Because it was new to the market, investors didn’t pay it any attention. Soon after, the coin’s value began to rise significantly. ENJ’s value has risen by nearly 600% by the end of 2017, to a current share price of $0.1727, rewarding participants with enormous gains.
Enjin Price Prediction 2018
The price of Enjin reached a high of $0.4934 on January 7, 2018, an increase of approximately 180% over its previous high. ENJ’s dramatic price movements aroused a lot of interest and resulted in its listing on major cryptocurrency exchanges.
ENJ’s trading price fell as low as $0.09134 in early February 2018, but quickly gained traction, rising to $0.1931 by the end of the month. ENJ had turned bearish by the end of June, and its value had plummeted to $0.05143 after intense selling pressure. The bears pulled down the price of the Enjin Coin, and it concluded 2018 with a low of $0.03714.
Enjin Price Prediction 2019
ENJ’s market value decreased to $0.02516 on February 6th, indicating that the year hasn’t started well for the coin. Enjin Coin regained momentum shortly after the fall, thanks to strong investor support. The coin fluctuated between $0.1116 and $0.2225 during the next few months. Enjin’s price began to fall at the start of the third quarter of 2019, and by October, the cryptocurrency’s market value had plummeted to $0.05493. ENJ’s trend turned toward the end of the year, and it hit $0.1 once more. The price of the cryptocurrency was $0.08025 at the end of 2019.
Enjin Price Prediction 2020
Enjin coin began the year 2020 with a price of $0.08025 and, by mid-February, had risen to $0.1648. The coin’s value dropped to $0.03627 in mid-March, a considerable decline. In the months that followed, the coin’s price rose steadily, reaching $0.2576 in August, resulting in significant returns for investors. The Enjin coin was trading in a range of $0.138 to $0.1666 towards the end of 2020. This also indicates that the Enjin coin has a medium level of volatility.
Enjin Price Prediction 2021
The year 2021 was the year of cryptocurrency, with conventional and alternative currencies riding the bullish wave. ENJ saw tremendous gains in 2021, reaching all-time highs of $4.85 during the crypto-boom of November 2021.
As of the time of writing, the ENJ coin is currently trading at around $1.74.
Enjin Coin – Technical Analysis
Around $2.02, ENJ was trading at a 25% discount to its February 17 peak. This came following a string of higher lows, ranging from $1.33 to $1.55. ENJ was able to break free from the descending parallel channel due to this price action, signalling that a trend reversal is possible.
The rising trendline and the upper border of the prevailing chart pattern converged at $1.46, providing immediate support for Enjin’s price. To avoid a bull trap, buyers have to defend this level vigorously.
Suppose they can hold above the level mentioned above. In that case, the price might rise to new highs, with the first line of resistance forming at the psychological level of $1.60, which also happens to be the 38.2% Fibonacci retracement level. The 50% Fibonacci level at $1.68 (where the 50-period Simple Moving Average (SMA) resided) and the 61% level around $1.76, which coincided with the 200 SMA, may present more challenges for ENJ.
The Relative Strength Index (RSI), which was going higher, added to Enjin’s optimistic story. Price strength was at 48 and was approaching the 57-point mark; if this was breached, more buyers might return.
The MACD indicator began to point upward as well. A buy signal was generated when the 12-four-hour Exponential Moving Average (EMA) crossed above the 26-day EMA on the four-hour chart, indicating that market sentiment had shifted bullish. Once the MACD crosses the zero line into the positive region, ENJ’s optimistic thesis will be confirmed.
ENJ Price Prediction
By the beginning of 2022, the Trading Beasts forecast that the Enjin Coin (ENJ) price will reach $2.45187. The highest expected ENJ price is $3.06484, and the lowest expected price is roughly $2.08409. By the end of the month, Enjin Coin is expected to hit $2.45187.
According to Crypto Politan’s Enjin Coin (ENJ) price prediction, the ENJ price may rise if the community concentrates on lowering transaction costs. The ENJ price might reach $2.913 by the end of 2022, making it a successful investment.
The ENJ is one of the greatest cryptos for long-term investment, according to NewsCrypto. The short-term outlook for Enjin Coin is bearish till the breakout. However, it has a good chance of reaching $3.80 this year.
According to Priceprediction.net, the most significant achievement for Enjin Coin would be crossing $19.31 in 2027. As a result, betting on Enjin Coin (ENJ) becoming a profitable investment in five years will be rewarding. We believe Enjin Coin is a good investment despite the larger risk of loss. Such educational purposes are beneficial.
While the Enjin Coin price is expected to cross $2.59 at the start of January 2022, the estimated maximum price after the year is $3.82. Enjin Coin’s (ENJ) price is expected to rebound by December following the pandemic and massive vaccination efforts around the world, indicating a good peak of $3.21 by 2022, which it is certain to reach. Traders are encouraged to purchase ENJ tokens on cryptocurrency exchanges as a result.
What is an Enjin coin?
Enjin (ENJ) is a platform for creating online gaming communities based on the Ethereum blockchain. Enjin seeks to simplify the gaming experience for both developers and gamers by offering cryptocurrency-backed value and tools like software developer kits (SDKs), gaming plugins, wallets, virtual reality gaming management apps, and a payment gateway platform. Players and content creators may effortlessly maintain, sell, and exchange their virtual goods using the Enjin platform.
ENJ is the Enjin platform’s native token. When a new NFT is created on the system, a smart contract adds a predetermined quantity of ENJ to the token. Because each item can be burned back into the foundation ENJ backing at any time, the invested funds give the newly built products real-world value. On Enjin, owners of various virtual goods can swap their NFTs for ENJ at the original currency rate (when the NFTs were minted). ENJ is an ERC-20 token, which means it can be exchanged with other Ethereum blockchain tokens and with real-world value because Enjin is created on the Ethereum platform.
Enjin Coin Price Prediction FAQs
Is ENJ a good investment?
Enjin’s ecology is rapidly expanding. It has a user base of more than 10.3 million people worldwide. There’s also a marketplace with more than 3.2 million assets. Millions of people have used wallets created by it.
Furthermore, with the advancements and upgrades on the ENJ ecosystem, the performance of ENJ will help to reach above its current all-time high very soon. It might even hit $5 or more if the investors believe that ENJ is a good investment in 2022.
Where to buy Enjin coins?
Given its growing demand and popularity, you can buy Enjin coins has in a majority of exchange platforms, including but is not limited to Binance, Gate.io, Pancakeswap, and eToro.
If you still haven’t figured out which crypto exchange platform to use, we highly recommend the use of eToro. It is one of the most popular exchanges for crypto traders wishing to trade popular assets such as bitcoin, Ethereum, and Dogecoin. It’s particularly notable for its community features, which allow you to watch how expert traders invest and even copy their tactics.
What will Enjin be worth in the future?
Based on our comprehensive study and price forecast system, Enjin Coin Price has the potential to be worth anywhere between $2.08409 to a whopping $19.31 in the near future.
Enjin Coin Price Prediction – Conclusion
Payments for Enjin coins are made using the Ethereum network. It was the first cryptocurrency to be utilised in gaming payment systems. It is likely to significantly impact video games because it runs on the Ethereum network.
Since its launch in 2017, Enjin coin has seen a huge price growth. This indicates that the coin’s market price and popularity will continue to climb in the future. ENJ is expected to do well, and investors could see large gains. However, if the crypto market turns bearish, the estimates could go sideways. Before making investment decisions based only on price forecasts, potential investors should undertake a thorough study.
We may conclude that 2022 will be a strong year for ENJ because of the ongoing developments in the Enjin Coin network. As a result, Enjin Coin’s optimistic price prediction is $19.31. The bearish ENJ price projection, on the other side, is $2.08409.
Disclaimer:
All of the information on this website is based on the authors’ personal opinions and is strictly for informational purposes. We do not provide financial advice. The website’s operator or the authors of the articles are not liable for any decisions made by visitors due to reading articles from this website.