Enjin Coin Price Prediction 2023-2032 Enjin Coin Price Prediction 2023 – up to $0.59 Enjin Coin Price Prediction 2026 – up to $1.89 Enjin Coin Price Prediction 2029 – up to $5.94 Enjin Coin Price Prediction 2032 – up to $17.76 Enjin (ENJ) co-founder Maxim ...
Enjin Coin Price Prediction 2023-2032
- Enjin Coin Price Prediction 2023 – up to $0.59
- Enjin Coin Price Prediction 2026 – up to $1.89
- Enjin Coin Price Prediction 2029 – up to $5.94
- Enjin Coin Price Prediction 2032 – up to $17.76
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How much is ENJ worth?
What is the Enjin Coin?
Enjin coin supports the creation and use of virtual goods. You can create cryptocurrencies that are backed by the Enjin coin.
Any person mining in 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.
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.
This makes the Enjin coin price predictions quite important as many investors want to buy Enjin coin cryptocurrency.
Enjin Coin Price History
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.
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 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.
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 New Developments
According to market value, the Enjin coin is among the top 100 cryptocurrencies on CoinmarketCap. It is a part of about 600,000 watchlists, which shows that many aficionados pay close attention to its movement in the coin market. This list includes Enjin coin, but not just due to its affordable pricing. Another reason it’s seen as an excellent cryptocurrency to buy right now is its bright future.
Beam, Efinity, Wallet, Multiple SDKs, and wallet are a few of the technologies offered by Enjin. These instruments are all supportive of the quick trade of NFTs. Developers and purchasers utilize the Enjin currency (ENJ) to access these tools and conduct transactions on the platform. The token’s supply deflates; thus, the more it is used, the rarer it gets, growing in value as a result.
Enjin project has been active over the past month as it continues to offer a wide range of new developments. The most notable one is that the company has launched NFT.io: The newest and most cutting-edge NFT marketplace. NFT stands for Non-Fungible Token and this marketplace allows users to buy, sell and trade NFTs from top developers. The marketplace will also offer support for ERC721 tokens from games like World of Warcraft, Guitar Hero, and many more.
The most remarkable development for November 2022 is the launch of Enjin Wallet V.2. This is a crypto and an NFT wallet that has been designed with the latest technologies. The update will allow users to access over 1,200 coins and tokens; including Enjin coin. The NFT.io is a comprehensive marketplace for all NFTs and has an excellent branded domain. Efinity-compatible, it not only boasts great features but also has a user interface and experience that are attractive and uncomplicated.
Enjin Technical Analysis
Enjin Coin’s price trend in the last 30 days shows the altcoin 0.88%, forming a rising trend.ENJ coin is trading at $0.3958 against the USD and is up 0.23% in the last 24 hours alone. The coin has a market cap of $432,716,083 USD with a circulating supply of 1,092,785,265 ENJ coins and a maximum supply of 1,000,000,000 ENJ coins.
Enjin Coin has formed a triangle pattern on the daily chart and has been consolidating for quite some time. The coin is trading above 20-day EMA and 50-day EMA which suggests strength in the trend. On the upside, $0.41 is seen as a strong resistance level with a break above it will push the price to its all-time high levels of $0.45 and higher beyond. On the downside, strong support is seen around the $0.35 mark which could be tested if the current trend breaks down.
The RSI for Enjin Coin is at 47 in the neutral zone, indicating that neither buyers nor sellers are in control of the market. The MACD shows a bearish crossover, indicating a possible decline in the price of the Enjin coin.
The Chaikin Money Flow (CMF) indicator is at 0.29 and the money flow index has moved back above zero to indicate buyers are in control of the market. The OBV for Enjin Coin is increasing which suggests that there is a steady accumulation of the coin by investors.
Looking at the Fibonacci Retracement levels, the price of Enjin Coin is currently trading at 23.6% Fibonacci retracement level which suggests momentum in the downtrend. A pullback or reversal could be seen in the coming days if the coin breaks above the 23.6% Fibonacci retracement level.
Overall, Enjin Coin is trading at $0.387 with a slight bullish bias and is likely to witness an uptrend in the near future. The coin looks poised for growth backed by strong technical indicators and could be a good buy at the current price.
Enjin Coin Price Predictions by Cryptopolitan
Year | Minimum | Average | Maximum |
2023 | $0.50 | $0.52 | $0.59 |
2024 | $0.74 | $0.76 | $0.85 |
2025 | $1.08 | $1.11 | $1.28 |
2026 | $1.60 | $1.66 | $1.89 |
2027 | $2.42 | $2.51 | $2.80 |
2028 | $3.47 | $3.57 | $4.24 |
2029 | $4.96 | $5.14 | $5.94 |
2030 | $7.19 | $7.40 | $8.83 |
2031 | $9.97 | $10.34 | $12.50 |
2032 | $15.36 | $15.78 | $17.76 |
Enjin Coin Price Prediction 2023
Enjin Coin Price Prediction 2024
Enjin Coin Price Prediction 2025
Enjin Coin Price Prediction 2026
Enjin Coin Price Prediction 2027
Enjin Coin Price Prediction 2028
Enjin Coin Price Prediction 2029
Enjin Coin Price Prediction 2030
Enjin Coin Price Prediction 2031
Enjin Coin Price Prediction 2032
Enjin Coin Price Prediction by DigitalCoinPrice
Enjin coin price prediction by DigitalCoinPrice is bullish, with the experts predicting substantial growth in the price of Enjin coin over the long term. According to the ENJ price forecast, a minimum price of $1.49 and an average of $1.70 is expected by the end of 2026. The website’s long-term projection is ENJ coin to attain a maximum of $2.89 in 2029 and a maximum of $7.53 in 2032.
Enjin Coin Price Prediction by Technewsleader
Technewsleader is optimistic about the future of Enjin Coin, predicting that its price can reach $0.78 by 2023 and will continue to increase steadily. The experts at Technewsleader believe that ENJ coin has the potential to become one of the top 10 cryptocurrencies in terms of market capitalization. They also predict that its price will rise to a maximum range of $0.76 to $0.88 in 2024.
Technewsleader’s long-term ENJ price forecast is a maximum of $2.34 for the next 5 years, with a trading range of $4.67 to $5.71 for the year 2027. The market experts expect the price of ENJ coins to continue to grow, and in the next 10 years, ENJ cryptocurrency could attain a maximum of $9.82.
Enjin Coin Price Prediction by Coincodex
Enjin coin price prediction by Coincodex suggests ENJ price could rise by 1.32% and reach $0.393537 by April 29, 2023. Based on Coincodex’s ENJ technical analysis, the current sentiment is Bearish while the Fear & Greed Index is showing 53 (Neutral). Enjin Coin recorded 16/30 (53%) green days with 6.20% price volatility over the last 30 days.
The technical indicators show the general Enjin Coin price prediction sentiment is bearish, with 2 technical analysis indicators signaling bullish signals, and 26 signaling bearish signals. Coincodex predicts ENJ cryptocurrency could trade at $15.29 if it follows Facebook’s growth. In case Enjin Coin would follow Internet growth the prediction for 2026 would be $1.753783.
Enjin Coin Price Prediction by Industry Influencers
Powered by Ethereum, Enjin Coin (ENJ) is an innovative cryptocurrency that serves as the governance coin of a gaming community platform uniting over 20 million gamers from various spaces. Its mission statement is to offer swift liquidity while introducing software solutions and monetization tools to strengthen communication within its sizable user base. With ENJ, you can expect improved integration between different gaming communities, boosting their overall effectiveness.
Enjin coin’s influential market presence since its inception in 2017 has attracted much attention from market analysts. While ENJ’s price movements depend on the same market forces that affect all cryptocurrencies, experts have been able to make educated predictions about Enjin Coin’s future worth by studying its past and current performance.
Conclusion
Enjin cryptocurrency is a highly speculative investment that could see significant growth should the underlying technology prove to be successful. The ENJ coin price predictions are bullish for the medium-to-long term, but in the short term, it is a volatile asset with many risks involved. Investors should consider all factors before entering into this digital currency and balance the risk versus returns ratio accordingly. Enjin should prove to be a good investment for those who can afford to wait and HODL the coin.
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.