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According to the present ATH and https://cryptonews.wiki/ coin price projection 2021, the coin’s estimated values are expected to remain above the critical resistance line of $2. Throughout 2024, the value of one Enjin is predicted to rise to a minimum price of $40. In 2024, the ENJ value may reach a high of $47, by an average price of $43.
As per our ENJ price prediction and forecast update, the currency price might trade around $25.50 by the end of 2030. Enjin price forecasters estimate that by 2027, ENJ could be worth between $12 and $15, with highly conservative estimates pointing to lows of $5.20. As per our Enjin price prediction 2025, the coin might be able to touch the $9 price mark on the upside, while on the downside, it might fall up to $4.20.
These tools can roughly be divided into indicators and chart patterns. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. Beam, Efinity, Wallet, Multiple SDKs, and wallet are a few of the technologies offered by Enjin. Developers and purchasers utilize the Enjin currency 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. 2021 was the year of crypto, with mainstream currencies and altcoins riding on the bullish wave.
We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. Right now, you can purchase Enjin Coin at a good number of cryptocurrency exchanges, including Binance. Once you have your trading account set up at one of the exchanges that trade ENJ, you will need to transfer your digital assets to that specific exchange.
Like the majority of the crypto market, ENJ lost a lot of value in the crash that took place in May 2021 and at one point in June, had reached a low of $0.80. Steadily ENJ, picked up the pace in July and August, like Bitcoin and many other cryptos and momentarily reached prices around $2.20 before sliding back to prices around $1.60. As per our Enjin price prediction 2030, the coin might be able to touch the $25 price mark on the upside, while on the downside, it might fall up to $6.50.
- While we provide one of the most accurate predictions for ENJ on the market, they should never be taken as financial advice.
- Miners compete against one another to add new blockages to blockchain.
- The Enjin ecosystem helps to generate new revenue streams for the NFTs developers.
- As always, the ENJ Price Prediction stated above is based on the opinions of journalists.
- After completing your purchase, you’re ready to start trading or investing in Enjin .
After the analysis of the prices of Enjin Coin in previous years, it is assumed that in 2024, the minimum price of Enjin Coin will be around $1.07. The Enjin coin price was initially driven by the crypto market rise of late 2017. Enjin was developed specifically for the blockchain-gaming industry as a platform to increase the quality of video games. At the time of writing this article, ENJ price is rising and Enjin coin price predictions are very positive right now. As a long-term investment, it projects that Enjin could perform much better.
This can be an excellent entry point for investors, as the future holds positive news for Enjin. ENJ Coin uses a series of smart contracts that game developers transmit ENJ to create new, unique , fungible, or non-fungible ERC-1155 tokens. The tokens can be traded through the Enjin Marketplace, which launched in September 2019 or exchanged for the backing Enjin token anytime. In the event that more tokens custom-designed for customers are produced as they are minted, more tokens will be removed from the market, making them scarcer.
Enjin Coin Support and resistance levels
https://currency-trading.org/ provided by price forecasters indicates that the possibility of Enjin Coin passing $4 is pretty high, though more cautious predictions estimate prices of $2.90 or $3.10. Enjin coin price is expected to valued with bullish momentum and head towards $2.5 towards the end of 2021. As per the ENJ price prediction 2021, the price of Enjin might be valued above $2 by the end of year.
While we can’t exactly predict when this will happen, we can assume that the price of ENJ could peak at $10 before this event. The price reached new lows of $0.03 before ENJ experienced another explosive 750% rally at the beginning of 2019. The euphoria didn’t last long and the value declined shortly thereafter, dropping 80% by the end of 2019. With that said, we need to mention some important drawbacks, all of which partially impact our Enjin Coin price prediction.
Enjin Coin Price Prediction for 2026
With the current Enjin price hovering around the $1.38 level, you may be wondering what direction the price may head next. As you can see from the price chart, the minor support level around $1.50 has been broken, with the impetus provided by the negative news related to the Evergrande situation. Furthermore, the significant drop on 7th September meant that Enjin’s price broke the ascending trendline, which usually means substantial bearish momentum. Start of 2022– If the bullish momentum continues, there’s certainly scope for the Enjin price to finish the year strongly. By the beginning of 2022, our Enjin forecast predicts that the token could be valued at $3.50. Enjin wallet (iOS/Android) is a safe and simple to use mobile cryptocurrency wallet.
50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the ENJ price moves above any of these averages, it is generally seen as a bullish sign for Enjin Coin. Conversely, a drop below an important moving average is usually a sign of weakness in the ENJ market. The Enjin Coin price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. The purpose of a moving average is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action.
If this does not happen, the average figures by the end of 2023 seem reasonable and may strike at $0.9143. The growing buoyancy towards the end of the year, 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 to its potential high of $0.6738, by the annual closure of 2022. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the ENJ price.
Enjin Price Prediction (ENJ) 2029
As ENJ’s Price gets tighter, it continues into the wedge and could eventually break out to the upside, thereby cementing the possibility of further gains. Current market cap of ENJ coin is $3,079,617,558 and current circulation supply is 934,313,757. Telegaon is an analytics firm that analyzes the behavior of digital assets and stocks. All the information provided here is only for general purposes that shouldn’t be considered financial advice. The new listings always help crypto projects increase their value and adoption in the market.
Looking ahead, NFTs are likely to change the way that we see assets. If gamers were to create a piece of art, the Enjin software would enable them to monetise it and exchange it for usable currency. Furthermore, as Enjin can work across various games, the potential for monetisation is essentially limitless. When youbuy cryptocurrency, due to the asset’s volatility, it’s essential to have a long-term projection of where the price may go. As you can imagine, this is hard to do with smaller cryptos such as Enjin, as they are still developing and improving on their technology. However, we can still make some logical predictions for the years ahead.
Is it possible to mine Enjin Coins (ENJ)?
However, we need to wait some more months to predict the future of the Enjin coin precisely. Mint new NFTs – developers or users need to pay with ENJ to create new digital assets on the blockchain. As such, the system automatically assigns the value in ENJ tokens locked in the smart contract to each NFT. The Enjin network already has over $1.1 billion worth of assets housed on its marketplace, comprised of over 800,000 digital assets. Furthermore, Enjin has been around since 2009, meaning that this company isn’t suddenly springing up out of nowhere. The company’s founders, Maxim Blagov and Witek Radomski, are both passionate about the project’s future, meaning Enjin has a strong development team behind it.
However, you should closely watch and consider those with a robust network, reliable leadership and sound fundamentals. The price of the Enjin token was $0.136 on 1 January 2021, and it hit the all-time high of $4.00 on 9 April 2021, representing a 2,841% surge in just three months. A new name has recently entered the list of the newest cryptocurrencies to watch and quickly became one of the most talked-about coins on the market. The material provided on this website is for information purposes only and should not be understood as an investment advice.
By 2025, we may expect an average price of $12.52 depending on the market trend. If the market gets bullish, the Enjin Coin prices may surge more than our Enjin Coin price forecast in 2025. As per our ENJ Coin price prediction, Enjin Coin can reach a maximum price level of $2.28 by 2023. If there is a bull rally in 2023, the prices of Enjin Coin may surge more than our Enjin Coin price forecast.
These are our https://crypto-trading.info/ Coin price predictions for Enjin Coin’s future. While many price predictions from market experts say that Enjin is a good investment, it also depends. Always keep in mind that cryptocurrencies are extremely risky investments. In three years , Wallet Investor’s predicts that the coin will increase to the maximum price of $6.186.
With that being said, the Enjin project has stood the test of time, and we’ll continue to see new improvements in the space. The EnjinCraft Plugin, which implements the Enjin Java SDK, serves as an example for plugin developers showing how to integrate Enjin blockchain into Minecraft servers. Among the many ways to store and buy Enjin coin available on the market, one of the more popular ones is Freewallet. 2021 started off with the same pattern as the previous two, but instead of dropping after the first two months, Enj skyrocketed to $2.67.
This means that the coin will see a further rise in market price and popularity in the future. The predictions are favorable for ENJ, and investors could raise significant returns. However, the projections could go sideways if the crypto market goes bearish. Potential investors should conduct adequate research and not make investment decisions based on price prediction alone. The ENJ price line and forecast trendline from Wallet Investor project a similar trend in the long term, with the coin’s Price expected to reach $3 in 2023. In a short time , Wallet Investor provides a bearish market price prediction.
“Other driver factors in this regard were Efinity and JumpNet as new products launched by Enjin. Besides, the price has been fluctuating around its support level that improves the likelihood to be increased in the short term,” Dr. Taherdoost added. “They are in fact catching up with the big boys like MANA and Sandbox.