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


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 $0.571628, with a 24-hour trading volume of $35,797,054. Enjin Coin has been up 3.77% in the last 24 hours. The current CoinMarketCap ranking is #74, with a live market cap of $512,407,315. It has a circulating supply of 896,399,956 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 Buy Enjin Coin in 4 Easy Steps
• How To Stake Enjin Coin?: Earn EFI Right Away

What is the Enjin Coin?


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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

Enjin Coin price analysis reveals that the market is following a negative trend below the $0.58 mark and is likely to remain. ENJ/USD lost tremendous momentum the previous day, August 18, 2022, when the price crashed significantly from $0.65 to $0.58. Moreover, the cryptocurrency continued to decline today, August 19, 2022, showing further solid bearish momentum. The current price of ENJ is $0.56.

According to the Enjin Coin price analysis, market volatility follows a trend of a significantly increasing movement, which means Enjin Token prices are becoming more vulnerable to volatile changes. In addition, the Bollinger’s band’s upper limit is $0.74, which acts as the strongest resistance for ENJ. Conversely, the lower limit for the Bollinger’s band is available at $0.58, which serves as another resistance point for ENJ.

The ENJ/USD price appears to be crossing under the curve of the Moving Average, indicating a bearish trend. The price path traces a downwards movement breaking the support of the market, which will initiate a reversal in the coming days.

Enjin Coin price analysis reveals that the Relative Strength Index (RSI) is 37, signifying the cryptocurrency has exited the lower-neutral domain. Furthermore, the RSI appears to be following a downward path indicating a declining market, and the price may soon fall under the neutral threshold and further into the devaluation region. This also signifies that the selling activity is dormant in the market.

In conclusion, Enjin Coin price analysis deduces that the bears are currently controlling the market, but the bulls are trying hard for a comeback. A reverse trend is probable as the RSI score is expected to crash below the devaluation region. As a result, ENJ/USD might undergo a significant incline in the coming days. The cryptocurrency has displayed a solid bearish movement in the past few days. The market appears to be in full breakout today and will probably reverse in the coming days, hence showing hope for the bulls.

Enjin Price Predictions 2022 – 2031

DigitalCoinPrice

According to DigitalCoinPrice’s ENJ price prediction, Enjin Coin is anticipated to hit $2.59 around the beginning of January 2022 but will likely reach a maximum price of $3.82 by year’s end. The price of Enjin Coin (ENJ) is expected to increase by December following the epidemic and a significant global vaccination effort, reflecting a good high of $3.21 by 2022, which it is certain to surpass. As a result, traders are urged to purchase ENJ tokens on cryptocurrency exchanges.

TradingBeasts

TradingBeasts’ Enjin Coin Price forecast suggests that by the start of 2022, it is anticipated that the price of Enjin Coin (ENJ) will reach $2.45187. The anticipated minimum price for ENJ is around $2.08409, while the anticipated highest price is $3.06484. Enjin Coin’s predicted price for the month’s end is $2.45187.

Wallet Investor

The Enjin coin is a great long-term investment tool. A long-term increase is anticipated based on the Enjin price forecast; the price forecast for 2026 is $15.295. The anticipated income after a 5-year investment is roughly +600%.

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 ENJ Price Prediction 2022

In 2022 the price of Enjin Coin is predicted to reach a minimum level of $0.76. The ENJ price can reach a maximum level of $0.83 with an average trading price of $0.79.

Enjin Coin Price Prediction 2023

The price of Enjin Coin is predicted to reach a minimum level of $1.07 in 2023. The Enjin Coin price can reach a maximum level of $1.31 with an average price of $1.11 throughout 2023.

Enjin Coin Price Prediction 2024

In 2024 the price of Enjin Coin is predicted to reach a minimum level of $1.58. The ENJ price can reach a maximum level of $1.84 with an average trading price of $1.64.

Enjin Coin Price Prediction 2025

The price of Enjin Coin is expected to reach a minimum level of $2.29 in 2025. The ENJ price can reach a maximum level of $2.75 with an average price of $2.36 throughout 2025.

Enjin Coin Price Prediction 2026

Enjin Coin price is forecast to reach the lowest possible level of $3.40 in 2026. As per our findings, the ENJ price could reach a maximum possible level of $3.96 with the average forecast price of $3.49. 

Enjin Coin Price Prediction 2027

In 2027 the price of Enjin Coin is forecasted to be at around a minimum value of $5.10. The Enjin Coin price can reach a maximum of $6.01 with an average trading value of $5.27.

Enjin Coin Price Prediction 2028

The price of Enjin Coin is predicted to reach a minimum value of $7.55 in 2028. The Enjin Coin price could reach a maximum value of $8.81 with the average trading price of $7.81 throughout 2028. 

Enjin Coin Price Prediction 2029

In 2029 the price of Enjin Coin is expected to reach a minimum price of $11.04. The ENJ price can reach a maximum price value of $13.28 with an average value of $11.35. 

Enjin Coin Price Prediction 2030

The price of Enjin Coin is predicted to reach a minimum value of $16.04 in 2030. The Enjin Coin price could reach a maximum value of $19.19 with an average trading price of $16.49 throughout 2030.

Enjin Coin Price Prediction 2031

Enjin Coin price is forecast to reach the lowest possible level of $24.01 in 2031. As per our findings, the ENJ price could reach a maximum possible level of $27.56 with the average forecast price of $24.67.

Enjin Coin Price Prediction by Industry Influencers

 The Enjin gaming platform is in demand among gamers because of its unique and innovative capabilities. Due to this, the demand for the token ecosystem is constantly growing. Enjin token has several advantages that indicate future price growth, according to analysts. The Enjin ecosystem will be integrated into one of Minecraft’s most popular online games in 2021. This attracted several million active users to the platform, who use the token and numerous NFTs daily.

According to Crypto Prince, Enjin COIN WHY IT WILL DO A 5000% SOON??

Conclusion

One of the cryptocurrencies that are growing the most this year appears to be Enjin Coin (ENJ). In an eventful 2021, Enjin proved its capacity to attract the gaming community. Enjin Coin Network’s recent accomplishments indicate that ENJ will be a good investment. With the introduction of Efinity, the Enjin ecosystem may see another exciting end to 2022.

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.

Several cryptocurrency exchanges, including Binance, let you buy Enjin Coin. You must move your digital assets to that particular exchange once your trading account has been set up at one of the exchanges that trade ENJ. A wallet system is used to do this.

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.



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