Enjin Coin Price Prediction 2024, 2025, 2030

Enjin, a privately held company founded in Singapore in 2009 immediately launched an online gaming community platform. The idea of introducing blockchain technology only emerged in 2012 in the wake of BTC growing popularity. The project supports several thousand different games and the total number of players in the communities already exceeds 18 million.

As the demand for NFT and blockchain games has developed, the project token has grown significantly and has become one of the most sought-after products in the GameFi and meta-universe space.

The platform is powered by smart contracts and enables developers, content creators, and community organizers to use a host of new tools to manage virtual goods. Over the near future, Enjin plans to fully integrate tokens into the system so that everyone will be able to use game plugins, wallets, virtual item management tools, and payments.

Enjin Coin is a digital asset based on the Ethereum blockchain of the ERC-20 standard. It provides and maintains NFT value. Enjin tokens contain a locked and decommissioned mining resource. This gives such advantages to their creators and holders:

• Digital assets have a reserve value.
• By backing tokens, NFT systems become more liquid.
• A mechanism is created to counter inflation.
• The number of unique tokens is limited, which increases their value.
• Ease of use in applications is ensured.
• The user can influence the rate of Enjin Coin. To do so, it is sufficient to destroy the unique assets using the “melting” option.

The project does not have its own blockchain, it uses the Ether network, which combines 2 consensus algorithms (PoW and PoS). Sometimes users face a scalability problem. This is the reason why developers are planning to launch a new Efinity platform no longer on Ethereum but on Polkadot.

The standard NFT generated on the platform is ERC-1155. The ERC-1155 standard is increasingly popular in the Ethereum ecosystem, with more and more games and applications adopting it. Holders can exchange, upgrade, lend, and destroy their own NFTs. Instant exchange of one cryptocurrency for another can be implemented without intermediaries in the form of exchanges and conversion services (Atomic Swap). Several different tokens can be transferred in 1 transaction. 

Enjin Coin Price History

Enjin appeared on the market at $0.02 after the ICO was completed in early November 2017, before gaining momentum and rising sharply at the beginning of January 2018. As a result, Enjin peaked at $0.43 but soon fell to $0.16. In the first quarter of 2018, there were several more attempts to approach its previous highs, but starting in May, ENJ steadily declined and ended the year of 2018 at $0.04.

In late February and early March 2019, there was a sharp spike, which brought the ENJ value to $0.22. However, this level could not be maintained and the Enjin gradually fell down for the rest of the year to the mark of $0.08.

The year 2020 was quite volatile as by mid-February the price doubled, and then collapsed bringing Enjin back to $0.03. By the end of May, the ENJ price grew up above $0.20 and for the next three months, the price mostly fluctuated between $0.15 and $0.25. There was no significant movement until the completion of 2020, and the mentioned year was closed with the Enjin rate traded at $0.13.

The Enjin coin has made significant gains in 2021, soaring from an initial price of $0.13 in January to an all-record high of $4.85 at the end of November 2021. In May 2021, ENJ briefly fell below the one-US dollar mark, but experimentation with engagement allowed for a slow rise in the price. In late August 2021, Enjin announced a partnership with the Blockster cryptocurrency social network. In the same month, Enjin made a new announcement that the Enjin coin was now available for trading on the Bitstamp exchange. Following this news, the price of ENJ jumped to $2.16. In November, Enjin again surpassed the USD 3 amount and reached a new peak. On November 25, 2021, the Enjin coin got to an all-time high of $4.85, but in early December Enjin closed the year at $3.54. In 2022, ENJ began trading at $2.58, and by the end of February, the coin had lost more than 65% of its value compared to its topside. From mid-year to July 2022, the Enjin coin was traded at $0.55554.

At the time of writing this Article (March 2, 2023), the price per Enjin coin is $0.4591. ENJ has a trading volume of more than $21 million, while the number of tokens in circulation is approximately one billion. The lowest price was caught at $0.0177848 in November 2017, and the utmost one that Enjin Coin could gain was fixed at $4.85 in November 2021. 

Enjin Cryptocurrency Technical Analysis

Enjin price study shows a bullish trend in the cryptocurrency market today, as bulls pushed ENJ to the $0.4591 level. The sharp jump in price is attributed to strong buying pressure from traders and investors looking to enter the market quickly. After a short period of decline, bulls made a strong comeback and are currently supporting the Enjin price above the $0.4 level.

As long as bullish pressure persists, Enjin is likely to maintain its current price trend and could heat up even more in the near future easily reaching a new yearly high of $0.57 in the coming days or weeks.

How to obtain Enjin Coin

The number of coins is strictly limited to 1 billion tokens which at present circulates to the full -100%, with 80% of ENJ tokens going to investors, which amplifies the transparency of the project. It is not possible to mine new ones. But there are other ways of obtaining them:

• Creating orders on exchanges.
• Buying for fiat or another cryptocurrency through exchange services.
• Selling custom coins mined in games or apps.

What may affect the Enjin price? 

Factors that change the price of a coin are the following:

• Development and connectivity of new games or upgrades, the rise in popularity of long-running applications.
• General changes in the cryptocurrency market.
• The emergence of new major investors and partners.
• Expansion of the ecosystem and introduction of additional tools, and mechanisms (an increase of transaction speed through JumpNet, development of Efinity platform).
• Creation of new NFTs through the platform.
• Burning user coins to increase the exchange rate of the main coin.
• News in online and print publications, tweets of famous people, and the project`s forecasts by the leading analytical service.

Enjin Price Prediction 2023

Changelly`s Enjin coin price prediction 2023 suggest that at the coin’s midpoint at $0.0389961. Another well-known analytical service WalletInvestor in its price prediction for Enjin coin notes that the ENJ price is likely to climb to $1.23 at the end of 2023. Meanwhile, based on the ENJ price prediction 2023 forecasted by Gov Capital, the ENJ price will stop at $2.4 in 2023.

Enjin coin price prediction 2025

As stated by DigitalCoin`s ENJ coin price prediction 2025, the ENJ price will reach its midpoint of $0.89 in 2025. PricePrediction also believes that the ENJ common rate will be close to $2.27 in 2025. Captain Altcoin`s Enjin price prediction 2025 suggests that ENJ may approach $1.55 in 2025. Changelly`s Enjin price forecast data includes the following lowest and biggest rates in 2025: $1.34 and $1.61, subsequently.

Enjin Coin Price Prediction 2030

DigitalCoin`s Enjin price prediction 2030 shows the rate moving toward 2.10. Changelly`s ENJ fee estimation for 2030 indicates its topmost ENJ price of $8.99. Captain Altcoin`s ENJ price prediction 2030 believes that the mark of $3.88 in 2030 is quite real. Meanwhile, the PricePrediction service foresees that the asset price will move closer to $10 and stop at $8.99.

Conclusion

The project is highly positioned in the markets for non-exchangeable coins and online games. It has already secured the support of major investors and partners. The expansion of the ecosystem, the development of new games, and applications based on the platform, as well as the launch of Efinity and NTF:2.0, will give all the conditions for further growth of its native token rate. When? No one will certainly tell you the perfect timing. But the market bounces every day. Depends on how you look at it, i.e. long, mid, or short-term). If you intend to buy this crypto, you should go for a long-term investment (for more than 5 years). There has been a decline in the general market and at the same time a major development in the NTF world and blockchain tech. This volatile situation is a part of the nature of the crypto world. If we project historic charts, constant development, and consider the fiat inflationary nature, we could expect another rise in the virtual market soon, and naturally, Enjin would ride that wave.

FAQs

Can Enjin Coin reach $100?

Such a rate is out of the question in the short term, judging by the coin’s exchange rate forecasts above. But it is more realistic that Enjin Coin can reach a $20 price in 10-15 years which is going to make a good profit from today’s price.

Does Enjin crypto have a Future?

The strong likelihood of an affirmative answer to this question is primarily evidenced by the burgeoning market for computer games. It is therefore hard to overestimate a coin that opens up so many opportunities for gamers and developers. Judging by the roadmap, so do the creators and they are very optimistic. Therefore, experts are generally positive about Enjin Coin’s potential.

Is Enjin Coin a Good Investment

The crypto environment as a rule correlates with Bitcoins. Conversely, if Bitcoin continues its current uptrend, Enjin Coin will do the same. Looking for short-term gains, we suggest that you follow the Bitcoin trend and buy Enjin Coin now. If you are an amateur trader it will be easier for you to profit in the long run outlook. However, due to the present-day period of uncertainty, if you are an advanced trader, we suggest that you put a stop loss to prevent the destruction of your capital. Finally, it is one of the biggest players in the NFT that is currently revolutionizing property rights.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.