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Enjin Coin Price Prediction 2022-2031: Can ENJ Price reach $100?

enjin

Enjin (ENJ) co-founder Maxim Blagov has stated that the company is focused on adoption. He imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists. This is a perfect strategy as gamers would like to play and worry less about technicalities such as the volatility of the coins used.

On the other hand, Enjin has been highly involved in the gaming industry and aims to increase the revenue of the gaming business and give them a competitive advantage. Investors, however, are keenly interested in technicalities about the coin as they need to keep ahead of the crowd.

Today’s Enjin Coin price is $0.436183 with a 24-hour trading volume of $93,172,060. Enjin Coin is down 8.03% in the last 24 hours. The current CoinMarketCap ranking is #80, with a live market cap of $389,725,377. It has a circulating supply of 893,489,956 ENJ coins and a max. supply of 1,000,000,000 ENJ coins.

A game creator explains that constructing an internal game economy involves “creating value out of nothing,” and making the “nothing”—such as a boost—scarce is one way to accomplish that. How’s that again? For now, let’s start with knowing the Enjin coin before proceeding with the Enjin coin price prediction.

Also Read:
• How To Stake Enjin Coin?: Earn EFI Right Away

What is the Enjin Coin?

Enjin coin is an ERC-155 token and an ERC 20 token that relies on the Ethereum network to support smart contracts and payments. Its supply is finite, with a market cap of 1 billion units. It was first announced in July 2017 and launched on the Ethereum network in June 2018. 

Enjin coin supports the creation and use of virtual goods. You can create cryptocurrencies that are backed by the Enjin coin. 

Any person mining on the Enjin Ecosystem has to use the Enjin coins. They withdraw the correct quantity of ENJ tokens from their wallets and lock them within the assets they create. This way, the tokens are removed from the marketplace to create scarcity.

It is also the first crypto to be used in the gaming industry. Enjin coin is innovative crypto and is expected to transform the video game industry. The Enjin network blockchain gaming community has more than 20 million users.

Gamers can use Enjin Network to create clans, and parties and play with friends online. Blockchain-based gaming is gathering heat within the gamers community. Gamers can use features like chat while playing blockchain-based games. Also, using the Enjin Network, any player will tokenize items in the game using the Ethereum network.

Gamers use the ERC-20 token on Ethereum and the Enjin Network to develop NFTs like digital swords. NFTs are becoming popular as many artists are entering the community. Even TIME magazine released its own NFTs.

This makes the Enjin coin price predictions quite important as many investors want to buy Enjin coin cryptocurrency.

Enjin Coin Price History 

This section is a historical analysis of the ENJ price before getting into Enjin coin price prediction. The discussion is based on historical data about the ENJ digital coin.

The ENJ coin entered the world of cryptocurrencies on 1st November 2017 at $0.02431. Investors didn’t pay much attention since it was new in the market. The Price of the coin soon began to make significant strides. By the end of 2017, the value of ENJ had jumped by over 600% to reach a closing price of $0.1727, rewarding early investors with massive gains.

Enjin Coin Price Prediction 2022-2031: Can ENJ Price reach $100? 1

On 7th January 2018, the Price of Enjin rose to a maximum of $0.4934, an increase of over 180% from its previous high. The significant price actions of ENJ sparked a lot of interest and led to its listing on important cryptocurrency markets.

In early February 2018, the trading ENJ  price dropped to as low as $0.09134 but soon garnered some momentum and rose to $0.1931 by the end of the month. By the end of June, ENJ had gone bearish, and its value bottomed again to $0.05143 after experiencing tremendous selling pressure. The bears dragged the Price of the Enjin Coin, and it ended with a minimum price of $0.03714 in 2018. 

2019 didn’t start any differently for ENJ, as the coin’s market value dropped to $0.02516 on 6 February 2019. Soon after the dip, Enjin Coin gained momentum with renewed investor backing. Over the coming months, the coin traded within the range of $0.1116 – $0.2225. At the start of the third quarter of 2019, Enjin’s Price began trending downwards, and by October, the crypto had recorded a significant drop in market value to $0.05493. Towards the end of 2019, ENJ’s trend reversed, and it hit $0.1 again. The crypto ended 2019 at $0.08025.

Enjin Coin Price Prediction 2022-2031: Can ENJ Price reach $100? 2

Enjin coin entered the year 2020 with $0.08025 and hit $0.1648 by mid-February. In mid-March, the coin recorded a significant price drop to a value of $0.03627. The coin price trended upwards in the coming months, and it hit $0.2576 in August, raking in massive profits for investors. By the end of 2020, the Enjin coin was trading within a range of $0.138 to $0.1666. This also shows that the Enjin coin has average volatility. 

2021 was the year of crypto, with mainstream currencies and alts riding on the bullish wave. ENJ recorded massive gains in 2021, and it hit its all-time highs at $4.85 during the November 2021 crypto boom.

Enjin Coin Price Prediction 2022-2031: Can ENJ Price reach $100? 3

ENJ started trading at $2.58 in 2022, and by the end of February, the coin had lost more than 65% of its value from its ATH. The price fall is attributable to the widespread uncertainty in the crypto space since the start of February, leading to massive selloffs of assets.

Enjin Coin Technical Analysis

Enjin Coin Price Prediction 2022-2031: Can ENJ Price reach $100? 4

Today’s Enjin price analysis displays a bearish movement in the market, and the market moves towards a negative direction, declining the price of ENJ significantly. After that, however, the cost of ENJ experienced a crash and decreased to $0.413, from $0.535; on June 13, 2022, ENJ/USD lost further momentum and obtained a massive decreasing movement the following day.

Today, on June 14, 2022, the price has been experiencing a slight downtrend, causing the price of ENJ to remain under the $0.48 mark.

Enjin 1-day price analysis has revealed a bearish market. Moreover, the market’s volatility appears to follow an increasing trend, making Enjin’s price more vulnerable to volatility fluctuations. As a result, the upper limit of the Bollinger’s band is present at $0.72, which serves as the strongest resistance for ENJ. Conversely, the lower limit of the Bollinger’s band exists at $0.4724, which acts as another resistance point for ENJ.

The ENJ/USD price appears to cross under the curve of the Moving Average, signifying a bearish movement. On the other hand, the price seems to follow a downward activity, showing a constantly decreasing market. Finally, the price has broken the support, which has caused a breakout in the market. The market dynamic has reversed as the volatility begins to increase, indicating the price of the cryptocurrency to change directions.

Enjin price analysis reveals the Relative Strength Index (RSI) score of 30, signifying a significantly devalued cryptocurrency. Furthermore, the RSI falls under the undervalued threshold, which might cause a reversal. Therefore, following a slightly upward approach signals increasing characteristics and represents the dominant buying activity, causing the RSI score to increase.

Enjin Coin Price Predictions by Authority Sites

Wallet Investor

The currency is expected to be worth $2.29 in a year, and $7.04 in five years, according to WalletInvestor. ENJ might cross the $1.50 barrier in November, according to the Enjin coin forecast for 2022, while the longest-term Enjin coin price prediction is an exuberant $6 for 2027.

Digital Coin Price

In 2025, DigitalCoinPrice predicts an average price of $2.04, declining to $1.85 in 2026. ENJ price prediction is expected to average $2.58 in 2027 and grow to $4.80 in 2030, according to the report

Price Prediction.net

According to PricePrediction.net, ENJ will average $5.62 in 2025. However, its Enjin coin price forecast for 2030 predicts a $36.73 average price, with the token climbing to $54.42 in 2031.

Cryptopolitan

Enjin Coin Price Prediction 2022-2031: Can ENJ Price reach $100? 5
Enjin Coin Price Prediction 2022-2031: Can ENJ Price reach $100? 6

Enjin Coin Price Prediction 2022

The ENJ price is predicted to cross an average forecast price level of $0.76 in 2022, with a minimum price value of $0.73 expected by the end of this year. Furthermore, ENJ has the potential to achieve a maximum price of $0.85.

Enjin Coin Price Prediction 2023

In 2023, the price of Enjin Coin is expected to drop to a minimum of $1.05. Throughout 2023, the Enjin Coin price can reach a maximum of $1.27, with an average price of $1.09.

Enjin Coin Price Prediction 2024

The ENJ price is predicted to cross an average price level of $1.55 in 2024, with a minimum price value to buy Enjin coin expected to be $1.50 by the end of this year. Furthermore, ENJ has the potential to achieve a maximum price of $1.81.

Enjin Coin Price Prediction 2025

In 2025, the price of one Enjin Coin is predicted to drop to a minimum of $2.19. Throughout 2025, the ENJ price might reach a high of $2.59, with an average price of $2.27.

Enjin Coin Price Prediction 2026

The ENJ price is predicted to cross an average price level of $3.17 in 2026, with a minimum price of $3.06 expected by the end of this year. Furthermore, ENJ has the potential to achieve a maximum price of $3.83.

Enjin Coin Price Prediction 2027

The price of Enjin Coin is expected to reach about $4.53 in 2027. With an average market value of $4.66, the Enjin Coin price may reach a maximum of $5.35.

Enjin Coin Price Prediction 2028

The ENJ price is predicted to cross an average trading price level of $6.90 in 2028, with a minimum price value of $6.71 expected by the end of this year. Furthermore, ENJ has a maximum price of $7.91.

Enjin Coin Price Prediction 2029

Enjin Coin is anticipated to attain a minimum market value of $9.36 in the year 2029. The ENJ price may go up to $11.56 at its highest point, with an average price of $9.64.

Enjin Coin Price Prediction 2030

The ENJ price is predicted to cross an average price level of $13.73 in 2030, with a minimum price of $13.35 expected by the end of the current year. Furthermore, ENJ has the potential to achieve a maximum price of $15.90.

Enjin Coin Price Prediction 2031

In 2031, the price of Enjin Coin is expected to hit a low of $20.46. According to our results, the ENJ price might hit a high of $23.73 with an average prediction price of $21.15.

Conclusion

The longer-term price projections for Enjin imply a positive tendency, albeit the degree of this trend is unknown. Always keep in mind that cryptocurrencies are extremely volatile investments.

Always conduct your own research before investing in any asset. Your selection should be based on your attitude toward risk, your market knowledge, the spread of your portfolio, and your comfort level with losing money. Never put more money into anything than you can afford to lose, and remember that previous success is no guarantee of future results.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

Is it possible to mine Enjin Coins (ENJ)?

Yes, you can mine the Enjin Coin using the appropriate mining setup.

Is ENJ a good investment?

Enjin Coin has a stable blockchain network and a great founding team. These factors, when put together, indicate that the Enjin coin is a crypto to have on your watchlist. Thus, ENJ may be one of the most profitable assets worth investing in

Where to buy ENJ cryptocurrency?

Enjin Coin cryptocurrency is available on various crypto markets, including Binance, Coinbase, KuCoin, Huobi Global, etc.

Can ENJ reach a price of $10?

With the above ENJ price prediction, there are chances that the coin will hit an expected maximum price of $10 in the next few years. In 2031, Enjin Coin price is expected to hit a low of $20.46, a high of $23.73 and an average price of $21.15.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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