Enjin Coin

COIN

Resistance

Status

Coin

<ul> 
 <li><strong>Bullish ENJ price prediction for 2023 is $0.2863 to $0.3883.</strong></li> 
 <li><strong>Enjin Coin (ENJ) price might reach $1 soon.</strong></li> 
 <li><strong>Bearish ENJ price prediction for 2023 is </strong><strong>$0.1541</strong><strong>.</strong></li> 
</ul> 
<p>In this Enjin Coin (ENJ) <a href="https://thenewscrypto.com/markets/price-prediction/" target="_blank" rel="noreferrer noopener">price prediction</a> 2023, 2024-2030,&nbsp; we will analyze the price patterns of ENJ by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a>.&nbsp;</p> 
<figure class="wp-block-table aligncenter">
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  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Enjin Coin (ENJ) Current Market Status</li>
      <li>What is Enjin Coin (ENJ)?</li>
      <li>Enjin Coin (ENJ) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      ENJIN COIN (ENJ) PRICE PREDICTION 2023
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Enjin Coin (ENJ) Support and Resistance Levels</li>
      <li>Enjin Coin (ENJ) Price Prediction 2023 — RVOL, MA &amp; RSI</li>
      <li>Enjin Coin (ENJ) Price Prediction 2023 — ADX, RVI</li>
      <li>Comparison of ENJ with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>ENJIN COIN (ENJ) PRICE PREDICTION 2024, 2025, 2026-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-enjin-coin-enj-nbsp-current-market-status">Enjin Coin (ENJ)&nbsp;Current Market Status</h2> 
<figure class="wp-block-table is-style-regular"> 
 <table> 
  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);"> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Current Price</td> 
    <td style="border: 1px solid #01557b;">$0.2112</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">0.72% Up</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td> 
    <td style="border: 1px solid #01557b;">$7,414,325</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$211,248,603</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Circulating Supply</td> 
    <td style="border: 1px solid #01557b;">1,000,000,000 ENJ</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td> 
    <td style="border: 1px solid #01557b;">$4.85 (On Nov 25, 2021) &nbsp;</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">All – Time Low</td> 
    <td style="border: 1px solid #01557b;">$0.01562 (On Nov 03, 2017) &nbsp;</td> 
   </tr> 
  </tbody> 
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   ENJ Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/enjin-coin/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
  </figcaption></em> 
</figure> 
<h2 class="wp-block-heading" id="what-is-enjin-coin-enj">What is Enjin Coin (ENJ)</h2> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>TICKER</td>
    <td>ENJ</td>
   </tr>
   <tr>
    <td>BLOCKCHAIN</td>
    <td>Ethereum</td>
   </tr>
   <tr>
    <td>CATEGORY</td>
    <td>ERC-20 Token</td>
   </tr>
   <tr>
    <td>LAUNCHED ON</td>
    <td>June 2018</td>
   </tr>
   <tr>
    <td>UTILITIES</td>
    <td>Governance, Fast Transactions, gas fees &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p>Enjin Coin (<a href="https://thenewscrypto.com/tag/enj/">ENJ</a>) is an ERC-20 token native to the Enjin platform, a gaming community platform. The transactions of ENJ are secured in the network by the proof-of-work (PoW) mechanism.&nbsp;&nbsp;</p> 
<p>ENJ is used to buy, sell and trade NFTs in the Enjin ecosystem. Thus, these tokens serve primarily as utility tokens for backing NFTs. Users and developers can use Enjin (ENJ) to mint and create unique in-game NFTs. Along with ENJ, the Enjin ecosystem also has another token called Efinity token (EFI) which is the governance token of the native decentralized Enjin metaverse.</p> 
<p>Enjin ecosystem enables users to utilize its native blockchain products to create unique NFTs for businesses, especially in the gaming industry.</p> 
<h3 class="wp-block-heading" id="enjin-coin-24h-technicals-br">Enjin Coin 24H Technicals<br></h3> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="432" src="https://thenewscrypto.com/wp-content/uploads/2023/10/image-17-1024x432.png" alt="" class="wp-image-83881" srcset="https://thenewscrypto.com/wp-content/uploads/2023/10/image-17-1024x432.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/10/image-17-300x127.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/10/image-17-768x324.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/10/image-17-1536x649.png 1536w, https://thenewscrypto.com/wp-content/uploads/2023/10/image-17-150x63.png 150w, https://thenewscrypto.com/wp-content/uploads/2023/10/image-17.png 1672w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p class="has-text-align-center"><em>(Source: </em><a href="https://www.tradingview.com/symbols/ENJUSDT/"><em>TradingView</em></a><em>)</em></p> 
<h2 class="wp-block-heading" id="enjin-coin-enj-price-prediction-2023">Enjin Coin (ENJ) Price Prediction 2023</h2> 
<p>Enjin Coin (ENJ) ranks 120th on CoinMarketCap in terms of its market capitalization. The overview of the Enjin Coin price prediction for 2023 is explained below with a daily time frame.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/llkRuKz0/" alt="">
 </figure>
</div> 
<p><em>ENJ/USDT Falling Wedge Pattern (Source: </em><a href="https://www.tradingview.com/symbols/ENJUSDT/"><em>TradingView</em></a><em>)</em></p> 
<p>In the above chart, Aptos (APT) laid out a falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.&nbsp;</p> 
<p>The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action.&nbsp;</p> 
<p>At the time of analysis, the price of Enjin Coin (ENJ) was recorded at $0.2112. If the pattern trend continues, then the price of ENJ might reach the resistance levels of $0.2386, $0.2832, and $0.3465. If the trend reverses, then the price of ENJ may fall to the support of $0.2090.</p> 
<h2 class="wp-block-heading" id="enjin-coin-enj-resistance-and-support-levels">Enjin Coin (ENJ) Resistance and Support Levels</h2> 
<p>The chart given below elucidates the possible resistance and support levels of Enjin Coin (ENJ) in 2023.</p> 
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 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/OjgQgeNx/" alt="">
 </figure>
</div> 
<p><em>ENJ/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/symbols/ENJUSDT/"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can analyze and identify the following as resistance and support levels of Enjin Coin (ENJ) for 2023.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$0.2863</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$0.3883</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$0.2073</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$0.1541</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p class="has-text-align-center"><em>ENJ Resistance &amp; Support Levels</em></p> 
<h2 class="wp-block-heading" id="enjin-coin-enj-price-prediction-2023-rvol-ma-and-rsi">Enjin Coin (ENJ) Price Prediction 2023 — RVOL, MA, and RSI</h2> 
<p>The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (ENJ) are shown in the chart below.</p> 
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  <img decoding="async" src="https://www.tradingview.com/x/XuTiyGfc/" alt="">
 </figure>
</div> 
<p><em>ENJ/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/symbols/ENJUSDT/"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the current Enjin Coin (ENJ) market in 2023.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average (50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $0.2295Price = $0.2112<br><em>(50MA&gt;Price)</em></td>
    <td>Bearish/Uptrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index (RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>37.8945<br><em>&lt;30 = Oversold</em><em><br></em><em>50-70 = Neutral</em><em>&gt;70 = Overbought</em></td>
    <td>Nearly&nbsp; Oversold</td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Below cutoff line</td>
    <td>Weak volume</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="enjin-coin-enj-price-prediction-2023-adx-rvi">Enjin Coin (ENJ) Price Prediction 2023 — ADX, RVI</h2> 
<p>In the below chart, we analyze the strength and volatility of Enjin Coin (ENJ) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/wtToU33G/" alt="">
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</div> 
<p><em>ENJ/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/symbols/ENJUSDT/"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of Enjin Coin (ENJ).</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>7.0834</td>
    <td>Weak Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>45.36<br><br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>Low volatility</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="comparison-of-enj-with-btc-eth">Comparison of ENJ with BTC, ETH</h2> 
<p>Let us now compare the price movements of Enjin Coin (ENJ) with that of Bitcoin (BTC), and Ethereum (ETH).</p> 
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  <img decoding="async" src="https://www.tradingview.com/x/OvbAblYo/" alt="">
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</div> 
<p><em>BTC Vs ETH Vs ENJ Price Comparison (Source: </em><a href="https://www.tradingview.com/symbols/ENJUSDT/"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can interpret that the price action of ENJ is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ENJ also increases or decreases respectively.</p> 
<h2 class="wp-block-heading" id="enjin-coin-enj-price-prediction-2024-2025-2030">Enjin Coin (ENJ) Price Prediction 2024, 2025 – 2030</h2> 
<p>With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Enjin Coin (ENJ) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>Enjin Coin (ENJ) Price Prediction 2024</td>
    <td>$3</td>
    <td>$1</td>
   </tr>
   <tr>
    <td>Enjin Coin (ENJ) Price Prediction 2025</td>
    <td>$5</td>
    <td>$0.8</td>
   </tr>
   <tr>
    <td>Enjin Coin (ENJ) Price Prediction 2026</td>
    <td>$6</td>
    <td>$0.6</td>
   </tr>
   <tr>
    <td>Enjin Coin (ENJ) Price Prediction 2027</td>
    <td>$9</td>
    <td>$0.5</td>
   </tr>
   <tr>
    <td>Enjin Coin (ENJ) Price Prediction 2028</td>
    <td>$10</td>
    <td>$0.4</td>
   </tr>
   <tr>
    <td>Enjin Coin (ENJ) Price Prediction 2029</td>
    <td>$12</td>
    <td>$0.2</td>
   </tr>
   <tr>
    <td>Enjin Coin (ENJ) Price Prediction 2030</td>
    <td>$13</td>
    <td>$0.1</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>If Enjin Coin (ENJ) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Enjin Coin (ENJ) price prediction for 2023 is $0.3883. Comparatively, if unfavorable sentiment is triggered, the bearish Enjin Coin (ENJ) price prediction for 2023 is $0.1541.&nbsp;</p> 
<p>If the market momentum and investors’ sentiment positively elevates, then Enjin Coin (ENJ) might hit $1. Furthermore, with future upgrades and advancements in the Enjin Coin ecosystem, ENJ might surpass its current all-time high (ATH) of $4.85. and mark its new ATH.&nbsp;</p> 
<h2 class="wp-block-heading" id="faq">FAQ</h2> 
<h4 class="wp-block-heading" id="h-1-what-is-enjin-coin-enj">1. What is Enjin Coin (ENJ)?</h4> 
<p>Enjin Coin (ENJ) is the native cryptocurrency of the Enjin Coin Network. It was launched as an ERC-20 token in 2017. It majorly is deployed in backing the NFTs in the gaming platform associated with Enjin.</p> 
<h4 class="wp-block-heading" id="h-2-where-can-you-purchase-enjin-coin-enj">2. Where can you purchase Enjin Coin (ENJ)?</h4> 
<p>Enjin Coin (ENJ) has been listed on many crypto exchanges which include Binance, OKX, WEEX, Deepcoin, and Bybit.</p> 
<h4 class="wp-block-heading" id="h-3-will-enjin-coin-enj-reach-a-new-ath-soon">3. Will Enjin Coin (ENJ) reach a new ATH soon?</h4> 
<p>With the ongoing developments and upgrades within the Enjin platform, ENJ&nbsp; has a high possibility of reaching its ATH soon.</p> 
<h4 class="wp-block-heading" id="h-4-what-is-the-current-all-time-high-ath-of-enjin-coin-enj">4. What is the current all-time high (ATH) of Enjin Coin (ENJ)?</h4> 
<p>On November&nbsp; 25, 2021 Enjin Coin (ENJ) reached its new all-time high (ATH) of&nbsp; $4.82.</p> 
<h4 class="wp-block-heading" id="h-5-is-enjin-coin-enj-a-good-investment-in-2023">5. Is Enjin Coin (ENJ) a good investment in 2023?</h4> 
<p>Enjin Coin (ENJ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Enjin in the past few months, ENJ&nbsp; is considered a good investment in 2023.</p> 
<h4 class="wp-block-heading" id="h-6-can-enjin-coin-enj-reach-1">6. Can Enjin Coin (ENJ) reach $1?</h4> 
<p>Enjin Coin (ENJ) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Enjin Coin (ENJ) will hit $1 soon.</p> 
<h4 class="wp-block-heading" id="h-7-what-will-be-enjin-coin-enj-price-by-2024">7. What will be Enjin Coin (ENJ) price by 2024?</h4> 
<p>&nbsp;Enjin Coin (ENJ) price is expected to reach $3 by 2024.</p> 
<h4 class="wp-block-heading" id="h-8-what-will-be-enjin-coin-enj-price-by-2025">8. What will be Enjin Coin (ENJ) price by 2025?</h4> 
<p>&nbsp;Enjin Coin (ENJ) price is expected to reach $5 by 2025.</p> 
<h4 class="wp-block-heading" id="h-9-what-will-be-enjin-coin-enj-price-by-2026">9. What will be Enjin Coin (ENJ) price by 2026?</h4> 
<p>&nbsp;Enjin Coin (ENJ) price is expected to reach $6 by 2026.</p> 
<h4 class="wp-block-heading" id="h-10-what-will-be-enjin-coin-enj-price-by-2026">10. What will be Enjin Coin (ENJ) price by 2026?</h4> 
<p>&nbsp;Enjin Coin (ENJ) price is expected to reach $9 by 2026.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> 
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<p><em>Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.</em></p>

Enjin Coin (ENJ) Price Prediction 2023, 2024, 2025-2030

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