The post Enjin Coin Price Prediction 2023, 2024, 2025: Will ENJ Price Rise? appeared first on Coinpedia Fintech News
Non-fungible tokens (NFTs) gained huge popularity in 2020 and 2021 amongst the general public. Enjin (ENJ) has been inspiring users and developers to launch their own NFTs, since 2017. And has served as a dominant player in the NFT space.
The Enjin is a unique project in the world of conventional cryptocurrencies. Gamification is a new approach from the network . As their official website quotes, ‘More than simulation, these new realms will empower us to create real-world value while having fun’. Precisely, Enjin aims to map a path where the users can experience digital realities!
The coin has not just caused inquisitiveness within the gamer’s circle. But has also grabbed the attention of many investors. Are you keen on investing some in ENJ? Look no further, as this write-up illustrates the feasible ENJ price prediction for 2023 and the years to come.
Table of contents
- Overview
- Enjin Coin Price Prediction 2023 – 2030
- What Is Enjin (ENJ) coin?
- ENJ Coin Price Prediction 2023
- ENJ Crypto Price Prediction 2024
- Enjin Coin Price Prediction 2025
- CoinPedia’s Enjin Coin Price Prediction
- Market Analysis
- Fundamental Analysis
- Enjin Historical Market Sentiments 2017 – 2022
- FAQs
Market Top Gainer 
11.336%
-9.747%Overview
| Cryptocurrency | Enjin Coin |
| Token | ENJ |
| USD price | $0.4772 |
| Market Cap | $479,833,092 |
| Circulating Supply | 1.00B ENJ |
| Trading Volume | $48,457,515 |
| All-time high | $4.85 (Nov 25, 2021) |
| All-time low | $0.01562 (Nov 02, 2017) |
*The statistics are from press time.
Enjin Coin Price Prediction 2023 – 2030
What Is Enjin (ENJ) coin?
The Gaming community ventured in 2009 with around 200 million users in no time! However, the Enjin Coin was first announced in July 2017, followed by an ICO and raised $18.9 million. ENJ is a digital store value and backs the value of blockchain assets like NFTs. The altcoin is capped at a maximum supply of 1,000,000,000 tokens. ENJ is in use across different websites and online games.
The Enjin network lets game developers tokenize any in-game assets or items. For doing this, the native token ENJ, an ERC-20 token is in use. In other words, any blockchain asset in-built in a game can be backed by the Enjin token! As a result, when any player unlocks an item, they can not only use them in-game. But also trade and sell them in return for ENJ tokens.
ENJ Coin Price Prediction 2023
The coin might soar if the community concentrates on reducing the transaction fees. As it could find the developmental efforts such as Effinity, NFT.io, Wallet, and Platform, bearing fruitful returns. Also, with a wide vogue of the Enjin Smart Wallet, the coin may strike a high at $0.85 with further developments.
Conversely, a possible dump in the market, followed by FUD and negative criticism, could thwart the price action. Lower TPS may act as a setback, pulling the coin to minimums of $0.36, by the end of 2023. Which could further seek supplements, if the market crashes again due to debates about PoW. If this does not happen, the average figures by the end of 2023 seem reasonable and may strike at $0.60.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 0.36 | 0.60 | 0.85 |
ENJ Crypto Price Prediction 2024
The growing buoyancy, could reignite the trends of NFTs. Moreover, developments and promotions of Efinity, NFT.io, and Enjin wallet could help ENJ gather volumes. Wherefore, the price of ENJ, could surge.
Therefore, faster global adoption could push the ENJ price to a maximum of $1.26. On the contrary, things going in favours of the bears could result in a slip down to $0.54. Conversely, the average price could settle at $0.90.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 0.54 | 0.90 | 1.26 |
Enjin Coin Price Prediction 2025
By the next three years, ENJ might become the top gaming crypto available in the market. And might enter the top 30 cryptocurrencies list. If the network works on an instant transaction system, then it may blow a high at $1.68.
Contrarily, the ENJ coin might trade at $1.33 with not many developments. That being said, if new regulations pop up in the coming years, the coin may entangle and drop even to $0.99.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 0.99 | 1.33 | 1.68 |
Enjin Coin Price Prediction 2026 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 1.41 | 1.71 | 2.02 |
| 2027 | 1.79 | 2.12 | 2.45 |
| 2028 | 2.11 | 2.50 | 2.89 |
| 2029 | 2.62 | 2.99 | 3.36 |
| 2030 | 3.01 | 3.55 | 4.10 |
Enjin Price Forecast 2026: According to our analysts, ENJ coin price prediction for the year 2026 could range between $1.41 to $2.02 and the average price of Enjin could be around $1.71.
ENJ price prediction 2027: According to our analysts, Enjin price for the year 2027 could range between $1.79 to $2.45 and the average price of ENJ could be around $2.12.
Enjin Prediction 2028: According to our analysts, ENJ crypto prediction for the year 2028 could range between $2.11 to $2.89 and the average Enjin coin price could be around $2.50.
ENJ coin price prediction 2029: According to our analysts, Enjin’s forecast for the year 2029 could range between $2.62 to $3.36 and the average ENJ coin price could be around $2.99.
Enjin Price prediction 2030: According to our analysts, ENJ predictions for the year 2030 could range between $3.01 to $4.10 and the average Enjin price could be around $3.55.
CoinPedia’s Enjin Coin Price Prediction
ENJ may concentrate on integrations and collaborations with certain gaming websites. According to CoinPedia’s formulated Enjin Coin price prediction.
If it introduces new offerings to trigger the problem of scaling, it might smash $0.85, by this year’s end. On the flip side, if the price continues to be volatile, the lowest price ENJ may hit is $0.36.
Market Analysis
| Firm Name | 2023 | 2024 | 2025 |
| Wallet Investor | $0.037 | $0.040 | $0.032 |
| Gov.Capital | $1.019 | $2.670 | $4.063 |
| DigitalCoinPrice | $0.87 | $1.09 | $1.42 |
*The aforementioned targets are the average targets set by the respective firms.
Company Details
enjin
- Cryptocurrencies
Enjin is a firm that provides a platform of interconnected, blockchain-built gaming applications. The company’s flagship release is the Enjin Network, which is a social gaming platform. Through the Enjin Network, users can create websites, clans, chat, and host virtual stores. The protocol was founded in 2009 by Maxim Blagov and Witek Radomski. The framework allows game developers to tokenize in-game items on the Ethereum blockchain. The network has its own native asset, "Enjin Coin" (ENJ), which is an ERC-20 token. ENJ is used to back the digital assets issued using the platform. This means that the items have real-world value and can be bought, sold, and traded.ENJ was first announced in July 2017, and launched on the Ethereum mainnet in July 2018, with an ICO that raised $18.9 million. The digital asset, while being a store of value, is also employed to back NFTS. Minting the tokens helps with in-game items, aids in boosting transparency and turns them anti-inflationary. Also, the coins have a melting mechanism where a user can demolish the blockchain asset and procure the tokens within.
Fundamental Analysis
Maxim Blagov and Witek Radomski were the hands behind this growing gamification platform to land their feet in the crypto market. After the blockchain technology became popular, Radomski, the Co-founder of the network decided to introduce the blockchain to Enjin. Moreover, he got keenly interested in Ethereum and smart contracts. And that very point opened doors to the world’s first blockchain-based gaming platform.
The altcoin follows the PoW consensus mechanism like most other cryptocurrencies. Since it runs on the Ethereum blockchain, you cannot stake ENJs and can only mine them. Minting the tokens helps with in-game items aids in boosting transparency and turns them into anti-inflationary coins. Also, the coins have a Melting mechanism where a user can demolish the blockchain asset and procure the tokens within.
Enjin Historical Market Sentiments 2017 – 2022
- Enjin Coin entered the market on the 1st of November with an ICO and a price tag of $0.022. With certain price variations, ENJ climbed to $0.16 by the end of December.
- ENJ commenced its trade for 2018 at $0.18 and effectively hit an all-time high by spiking to $0.49 on 8th January. Further, the price declined to as low as $0.09 by February and steadily recovered to $0.23.
- Experiencing a spike in selling pressures, the price of ENJ bogged down to $0.052 by the end of June.
- As the bears were dragging the prices, ENJ failed to perform well and ended the year 2018 at a trading value of $0.04.
- Enjin Coin started the year 2019, with a bearish run, at a cost of $0.04. The price spiked dramatically to $0.24 by early March as the marketers continued their investment in ENJ.
- But further, the token plunged to $0.05 by the end of October. As the south Asian exchanges announced to tighten the crypto market regulations. The currency steadily recovered to $0.08 by December.
- The digital coin preceded the year 2020 with an exchange value of $0.07.
- With certain price inequalities, following the outbreak of Covid-19, the price dramatically dropped to $0.04 by mid-March. Later the price hit $0.23 by the end of August and further plunged to $0.11 by early November.
- ENJ remained stable after the expansion of Bitcoin’s price rally toward the end of November. Following this, the year was concluded at $0.13.
- Enjin Coin entered the year 2021 with a trading price of $0.13. Following its ATH at $4, Enjin slumped significantly with $2 figures by May.
- However, on May 19th, the price collapsed, dipping from $1.89 to $1.20. Further, the coin failed to consolidate and dipped to $0.9136. The ENJ price skyrocketed to a whopping $4.85 post the trend reversal to Meta.
- But the rally lasted for a very short term, as bears haunted the rally, taking the price to the bottom at $2.83.
- The digital asset had commenced the year 2022, with a price tag of $2.586. ENJ’s price slipped through the 200D MA owing to the market crash on the 5th of January.
- The altcoin managed to flip the bottom at $2.13, by surging close to 12% round the clock. Going forward, by the 24th of January, turbulence in the crypto market led to ENJ’s price fall by 46.92%.
- While an uptrend took the price to $2.169, by the 9th of February. Economic turmoil resulting from factors such as geopolitical tensions and inflation rates, amongst others dragged the price to $1.401.
- Although, Enjin coin had a heroic climb to $1.947 by the 1st of April. However, the digital token could not withstand to the havoc in the industry. The irking rule of bears led to the digital asset parting ways with 80% of its gains. Successively, a steady climb has landed ENJ’s price at the $0.643 milestone.
FAQs
Yes, it is possible to mine Enjin Coin.
The price of ENJ is expected to hit a maximum of $0.85, by the end of 2023.
Although not investment advice, Enjin Coin might be a profitable investment for the long term as it aims to provide more benefits to its users.
According to our ENJ price prediction, the altcoin could soar as high as $1.68 by the end of 2025. With a potential surge, the price may go as high as $4.10 by the end of 2030.
Enjin Coin is available for trade across prominent cryptocurrency exchange platforms such as Coinbase, Zebpay, and Kraken, amongst others.
from Coinpedia Fintech News https://ift.tt/cQw2oWC
0 Comments