Will ENJ Price Hit $10 in 2022?
So, what exactly does this mean for the ENJ Coin in the long term? Let’s find out in this Enjin price prediction article. First, let’s assess the latest news about the coin.
Who would have predicted that Metaverse cryptocurrencies would surpass the so-called strong projects in such a short period? This story fits Enjin coin, one of the top Metaverse tokens. Since the Metaverse got a lot of buzz, tokens in the space have gone from strength to strength. While many people thought the coins would not last long, they haven’t shown any stopping signs.
Coupled with the massive adoption of Non-Fungible Tokens (NFTs), Enjin coin has experienced more wins than losses. Gamers, developers, and businesses all seem to have adopted the ENJ ecosystem. That’s not all. The Enjin coin price has done incredibly well in the past year.
A consistent rise in trading volume has seen ENJ’s price increase 200% between February 2021 and April of the same year. The same Enjin coin price trading at $0.50 in February went as high as $4.5 in December 2021. Investors continued to be mesmerised by this unbelievable rise.
Latest News About The ENJ Coin
With the rise of the Metaverse followers, there seems to be good news for Enjin coin almost all the time.
In November 2021, the blockchain gaming platform raised $100 million to decentralize its Metaverse idea further. Enjin also raised the funds to support NFT creators and gaming projects built on the network.
In other related news, Enjin plans to contribute to the long-term future of the Metaverse. In doing this, Enjin plans to use NFTs to support some United Nations (UN) sustainable goals. This partnership means Enjin has the opportunity to get more people into the NFT space. Now, let’s take it a bit back by looking at the ENJ price history.
Enjin Coin (ENJ) Price Historical Price Review
To make predictions of the Enjin coin price, it is crucial to review its past performance. The same applies to Enjin coin. That said, let’s look at its historical data.
In November 2017, Enjin coin launched its ENJ token at $0.02. A price that rose beyond expectations to $4.82 in 2021. When ENJ started its journey, very few people could have predicted its stunning bullish trend in 2021. Following a series of ups and downs between 2018 and 2020, Enjin coin finally made its breakthrough in 2021. You would be wondering how a currency that wrestled to break the $1 in its first three years of launch crossed the $4 mark.
Let’s take the past prices a bit back. When ENJ was at a trading price of $0.02 in November 2017, the coin didn’t get any attention. However, people started to look towards its path when the cryptocurrency price ended the year at $0.16. Before 2018, ENJ wasn’t listed on any major crypto exchanges. However, a price rise to $0.49 sealed the deal for Enjin coin. By the end of June 2018, the ENJ price fell to an unexpected $0.0052.
So, what changed the game for Enjin coin? Some say it was the rise of the NFT space, and others say it was the Huobi Global announcement. In all, both opinions seem to be correct. In March 2021, Huobi revealed that it was listing ENJ on its exchange. That wasn’t the only thing. The crypto exchange organised a staking event with 43,000 ENJ tokens in rewards.
Interestingly, there were lots of participants. Within two days of the staking event, ENJ had shot past the$1 price to reach $2.68. The cryptocurrency price experienced another surge when Coinbase listed it. On the day it listed, ENJ sparked conversations in the crypto space as it hit the $4 mark. Enjin coin distributed NFTs to crypto social network users with a mission to gain more users.
Ranked as the fifth placed metaverse token, the Enjin coin price is expected to make another good run in 2022. Whether the cryptocurrency will move upwards from its current price of $2.28 or not, we will find out in this price forecast. That said, let’s look at the technical analysis of the price predictions.
ENJ Coin Technical Analysis
Technical analysis provides an avenue for chart candles, market trends, and past price movements to determine price predictions. This section will discuss the Enjin price prediction for 2022 to 2025.
Enjin Coin Price Prediction 2022
Wallet Investor predicts that the maximum average price of Enjin in 2022 is $4.40. In contrast, analysts at Digital Coin Price are not so optimistic about the Enjin coin (ENJ) price. The analyst put the average value of ENJ at $3.17 by December 2022.
Enjin Coin Price Prediction 2023
Technical analysts at Price Prediction predict that the ENJ coin price will hit a minimum price of $5.16 in 2023. However, the average price of ENJ could reach $5.34 in the same year. In the same vein, Digital Coin Price puts the Enjin coin price prediction at $4.02 in 2023.
Enjin Coin Price Prediction 2024
The expected maximum price of Enjin coin is $7.14 by January 2021. This price is according to the predictions by Wallet Investor. With the Enjin platform expected to spike in the coming years, the ENJ coin price may exceed the projected price.
Enjin Coin Price Prediction 2025
By 2025, crypto enthusiasts expect that Metaverse and NFT space to have exploded beyond unthinkable measures. That said, the expected minimum price of Enjin coin is $10.15 by December 2021. If the adoption of the Metaverse increases than forecasted, the maximum value could hit $12.10.
Now, let’s look at the opinions of crypto experts about the Enjin coin (ENJ) price.
Enjin Coin Price Forecast | Experts Analysis
Many crypto experts believe that Enjin coin will boost the already-hot NFT space. Crypto YouTube channel Coin Bureau believes Enjin is a fascinating project. With Enjin giving value to supposedly worthless assets, it seems the cryptocurrency is in for the long ride.
While many have grabbed some of the ENJ tokens, experts predict that the leftovers will be a struggle to get. This prediction is because many people have shown tremendous belief in the power of Enjin. As such, demand is expected to be crazily high.
Remember that past price performance does not mean the future price will follow the same trend. The prices of cryptocurrencies are dependent on factors like on-chain and off-chain indicators. Do your own research before investing.
Enjin Coin | The Fundamentals
Founded in 2009 , Enjin coin has grown beyond serving the crypto and blockchain industry alone. Today, the ENJ ecosystem serves businesses, as well as developers. Besides that, the Enjin platform now plays host to over 200,000 games with affordable transaction fees for gamers.
Maxim Blagov and Witek Radomski built the Enjin ecosystem using the Ethereum network. For this reason, the Enjin network uses smart contracts to process transactions. In the present day, Enjin now offers the opportunity for holders to store digital assets.
Enjin coin has gradually transformed into a complete NFT marketplace from games, arts, music, and collectibles. This transformation has gained widespread attention within the crypto community. One of the most intriguing developments is Enjin creating a platform for developers to create their own NFTs using the Enjin network. This development has led to over 1.16 billion assets in the Enjin ecosystem.
Beyond the bounds, Enjin provides an extraordinary opportunity to create real-world value digital assets, gain ownership, and drive utility. Enjin coin might be looking to perform with more collaboration in the works than it did in 2021. Now, let’s look at the Enjin coin utility token (ENJ). We will discuss its primary function and how it serves the Enjin network.
The Enjin Coin Cryptocurrency
The Enjin token (ENJ) is the native token of Enjin coin. Interestingly, ENJ was the first token used in the blockchain gaming industry. Furthermore, the cryptocurrency helps to facilitate payments on the Ethereum network. This is because ENJ uses the ERC-20 network. Hence, gamers have to use ENJ to access blockchain games. With a circulating supply of 847,535,705 tokens, and a market cap close to $2 billion, ENJ has become one of the digital coins drawing more users to the cryptocurrency market.
In recent times, ENJ has proven to be superior to many other digital coins. Besides being a vital Metaverse coin, ENJ offers incredible solutions to individuals, businesses, and developers. Users can access play-to-earn games, trade NFTs, grow their businesses, and build games using the ENJ token as a utility.
Enjin Coin Price Today
As of this writing, the Enjin coin price is at $2.28, a $4.95% from its 24-hour trading price. With a trading volume of $144,242,501, there is a good chance of seeing the ENJ price at another all-time high.
People Also Ask
Is Enjin Coin a Good Investment?
Since the crypto gaming industry gained more users, cryptocurrencies with gaming features have been a good investment. The same can be said of ENJ as it followed a bullish trend from $0.50 in February 2021 to over $4.5 in December of the same year. This unexpected price rise enticed more investors, who believe the coin will be a profitable investment. In addition to that, the Enjin coin is one of the most valuable blockchain assets we have today.
Does Enjin Coin Have a Future?
With the rise of the Metaverse, and growing NFT adoption, the future of Enjin looks very bright. Before you go any further and say, “what if the NFT space loses its credibility?” Enjin coin offers solutions beyond serving these industries. With its focus on more adoption, the bright future of the Enjin coin seems non-negotiable.
Is The Enjin Network Secure?
The Enjin network is as secure as you can imagine. A network that supports over 200,000 gamers is not one to underrate. With a reputation for being one of the most trusted networks to store NFTs, Enjin’s security is never in doubt.
Will Enjin Coin Price Hit $10?
With the current price of Enjin coin, there is a high chance of hitting $10 soon. While ENJ price may have dipped recently, it offers an opportunity to investors before the bullish trend continues. As such, ENJ price has a high potential to reach $10 earlier than expected.
How Much Will Enjin Coin Be Worth in 2025?
Some crypto experts predict that the Enjin coin will be worth $25 by 2025. However, the ENJ/USD price may also experience some bearish movements before it hits that price.
Where Can I Buy Enjin Coin Cryptocurrency
Enjin coin is available on Bithumb, Binance, Gate.io, and Huobi Global. However, you can buy Enjin coins on an easy-to-navigate platform like eToro. You can follow a simple step-by-step process to registration and verification on eToro. The process is simple, seamless, and hassle-free.
This Enjin coin price predictions article is for informational purposes only. No part of it should be considered investment advice. Whether the ENJ crypto will be a great addition to your portfolio is dependent on your risk appetite. Also, remember that the cryptocurrency market is highly volatile. Do your own research before buying ENJ tokens or any other cryptocurrency.