Enjin Price Prediction for 2025 and 2030

What will Enjin price be worth in the long term?

Last Updated January 20th 2022
12 Min Read

If you’ve been paying close attention to the cryptocurrency market in recent months, then you’re probably already aware that the gaming industry has recently been the focus of new blockchain projects - most notably the likes of Enjin and Decentraland.

For those who aren’t aware, the gaming industry is big. Really big. Online multiplayer titles like Minecraft and Fortnite have millions of users worldwide and in addition to offering exciting gameplay, most of them also include in-game purchases - that is, the buying and selling of digital content.

It doesn’t take an expert to figure out that cryptocurrency and blockchain technology is perfectly placed to support such transactions and that is one of the main objectives of Enjin - a token built specifically for the gaming industry.

So are so-called gaming tokens going to be the next big thing in the world of cryptocurrency? And can Enjin really corner the market and deliver on its original remit? In the following Enjin price prediction for 2025 and 2030, we’ll take a closer look at this altcoin’s prospects. 

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A Little Enjin History

Enjin Coin is intended to allow developers to tokenise software assets such games, in-game purchases and collectables. If you imagine playing a multi-player battle game, for example, you could in theory buy and sell a particular weapon within that game and actually own it as an asset. 

The Enjin project itself has actually been around for quite a while. It was originally a community gaming platform, set up in 2009 by Maxim Blagov and Witek Radomski. Over the course of the following decade or so, the platform amassed a user base of some 20 million 

In 2017, the firm then delved further into the world of blockchain with an ICO that raised $18.9 million. From here, Enjin began building its blockchain systems, intended to revolutionise the way in-game transactions are carried out. 

Read Also: 12 Reasons Why You Should Invest In Enjin (ENJ) Today

So What Is Enjin?

Enjin set up a suite of blockchain products to provide developers with everything they need to build, manage and exchange digital assets. Put simply, Enjin is a system for the minting, buying and selling of Non-fungible tokens, built on the Ethereum blockchain.

The Enjin token is the native currency that effectively underwrites the value of NFTs created on the network. If you are unfamiliar with gaming, you may be at a loss as to why this matters. In-game purchases are nothing new but they have become somewhat controversial due to their comparatively high costs. 

Enjin solves several issues. Firstly, it offers a means for developers to easily integrate digital assets into games and apps on the Enjin network. From the gamers’ perspective, this will allow for lower fees but also means they get to take ownership of the digital asset - meaning they can effectively sell it on if they choose.

Enjin is central to the project because any NFT created on the network will have an ENJ value. With some 20 million users on the Enjin system, it’s not difficult to see how this project could really take off. 

How Big Is The Gaming Market?

As we’ve already noted, gaming is big business and it’s only getting bigger. In fact, the global video gaming industry is now said to be worth more than the movie industry, with game sales exceeding $180 billion in 2020. 

The latest estimates are that some 2.5 billion people worldwide play some kind of video game, so this should give you an idea of the potential reach of any blockchain projects that manage to establish themselves in this market. 

Platforms like Enjin are also expected to increase as mobile gaming becomes ever more sophisticated. The global gaming market is expected to reach $256.97 billion by 2025 and if this pans out to be true, any forward-thinking investor should be looking to gain exposure to it - and Enjin offers the perfect opportunity to do so. 

Looking at Enjin’s Price History

Figures from the gaming industry all sound very promising, but it’s important to consider just how much momentum the Enjin coin project has managed to gather. 

Just after the ICO in 2017, ENJ started trading at around $0.02 and the project soon generated interest. Between November 2017 and January 2018, the token’s price rose to $0.46, representing growth of over 2000% in just two months. Of course, early bulls are nothing new in the crypto sphere and ENJ soon sank back to less than $0.10.

The rest of 2018 was then fairly unremarkable, with the ENJ mostly fluctuating between $0.02 and $0.05. However, there was a sudden bull in March 2019 as Enjin announced a partnership with Samsung and prices hit $0.20 by the end of the month.

ENJ has generally performed better since the 2019 upswing, rarely dropping below $0.10. This continued throughout 2020 with Enjin closing the year at around $0.13. 

Things then started to take off when 2021 hit. The first market rally sent ENJ up to $0.41 in January before another upswing in February pushed it up to $0.59. However, at the end of February things went stratospheric for Enjin, with prices soaring to $2.67 two weeks into March.

Enjin wasn’t done either. After a brief cooling in early April, the token was back on the move again, reaching an all-time high of $3.94 later that month. Of course, the cryptocurrency market then underwent a widespread downturn. However, by the end of 2021 managed to recover and climb to its new all-time high of $4.85 in November. At the time of writing, ENJ was holding steady at a respectable $2.27.

Check Out: Why is Enjin (ENJ) Coin so Cheap?

Who Are Enjin’s Main Competitors?

There can be little doubt that Enjin certainly is targeting a big enough market. However, it’s success rests on its being able to effectively dominate that market. With this in mind, its important to consider any potential rivals for Enjin. 

When looking for other gaming-focused cryptocurrency projects, several names crop up again and again: Immutable, Decentraland and Axie Infinity. So do either of these pose a threat to Enjin? 

Immutable is probably the closest to Enjin in terms of project goals. It is effectively a layer 2 solution designed to help developers implement NFT products into their games. However, Immutable launched in April 2021 so has a fair bit of ground to cover before it can rival its predecessor. 

It’s also worth noting that, at this stage at least, Enjin offers a far more sophisticated and complete infrastructure than Immutable.

And what of the other two? Realistically, Decentraland - an online virtual world - and Axie Infinity - a system that rewards gamers with cryptocurrency - are two different to be considered rivals. In fact, either project would complement Enjin as part of a gaming industry-focused portfolio. 

Enjin Price Predictions for 2025

On paper, it seems that Enjin makes for a very good investment opportunity. However, technical credentials and solid viability don’t always equal success in the world of cryptocurrency, so we’ve collated several price predictions from some of the industry’s top analysts.

DigitalCoinPrice is expecting big things from Enjin. According to its technical analysis, the Enjin token will have reached a respectable $3.04 by the end of 2022 - representing a growth of 33.92% on today’s price. This upward trajectory is expected to continue well into 2023 and 2024, with ENJ climbing as high as $5.63 by 2025.

Elsewhere, WalletInspector also has a very optimistic outlook for ENJ. The platform sees Enjin reaching around $4.85 by the end of the year, before growing substantially throughout 2023, reaching a potential high of $7.10 by the end of the year.

By 2025, WalletInspector expects Enjin ENJ to be worth an average price of $12.18.

Gov.Capital, has been even more optimistic in its Enjin price prediction for 2025. It has the token holding steady throughout 2022 and 2023, going into January 2024 at around $7.22 per token. By 2025, the platform expects Enjin to be closing in on $14.35.

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Looking Further Ahead: Enjin Price Predictions for 2030

Enjin price predictions for 2030 should be taken with a pinch of salt - both the cryptocurrency and video game industries move extremely quickly, so even the most comprehensive technical analyses cannot hope to factor in all the potential factors. However, they still have value to investors, as they show what the current expectations are.

Looking further ahead, DigitalCoinPrice sees ENJ continuing to grow. It expects the token to drop slightly in 2026, after hitting the $5 the previous year. By 2029, the platform expects Enjin to have reached an average per-token trading price of $10, peaking at $10.09 in May.  

CryptoGeek believes that Enjin will perform well over the next few years, reaching $5 before 2025 and holding steady across 2026 and 2027. However, the platform predicts that ENJ’s growth will stall in the closing years of the decade and by 2030 is likely to be at a maximum of $8.

Crypto-Rating has gone even further. They have Enjin potentially topping out at over $10 per coin in 2030.

A cryptocurrency research firm by the name of Crypto Research Report is calling for Enjin (ENJ) to reach $6 by 2025, and $14 by 2030.  

Conclusion: Should You Invest In Enjin?

The gaming industry is a huge market and projects like Enjin present a great opportunity for cryptocurrency investors to dip their toes in the water, so to speak. Whilst there are other blockchain projects aimed at gamers and developers, Enjin seems to offer the most complete package.

Most Enjin price predictions suggest that the altcoin can expect to see a significant growth over the coming years. Leading analysts vary wildly on their forecasts - but if even the most conservative predictions pan out, anyone who chooses to invest in Enjin could see decent returns. 

Of course, such returns are by no means guaranteed but these forecasts are certainly a good sign for Enjin. The company behind the project also has other developments in the pipeline which could, in theory, further boost ENJ’s price in the coming months.

So should you invest in Enjin?

All thing’s considered, Enjin is certainly a worthy addition to any cryptocurrency investment portfolio and presents an alternative to the major tokens such as Bitcoin, Ethereum and Cardano in that it is effectively competing in a different space. The comparatively low price of the token also makes it possible to gain a significant holding with minimal outlay.  

As we have seen, many top cryptocurrency analytical platforms are very optimistic about ENJ’s future price movement - with both DigitalCoinPrice and WalletInvestor expecting it to double in value by 2025. 

Enjin may well prove to be an excellent investment over both the short term and long term. 

Where To Invest In Enjin

Enjin isn’t as widely listed as some of the major cryptocurrencies so if you want to add it to your portfolio you’ll need to find somewhere you can actually buy it. Fortunately, one of the leading trading and investment platforms, eToro, has recently added ENJ to its list of tradable cryptocurrencies.

Not only does eToro have a stellar reputation in the industry, it is also one of the most approachable trading platforms out there - you can be up-and-running with a new account in minutes and you’ll then have access to all the tools you need to buy and sell crypto - including Enjin. 

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Enjin Price Predictions 2025, 2030 - FAQ

What is Enjin?

Enjin started life as a community gaming platform but has since expanded into the world of blockchain, with a suite of projects looking to help developers implement NFTs into video games. The native token of the project is ENJ, which is used as the exchange mechanism for assets created on the Enjin platform. 

Are gaming tokens a good investment?

There are a few blockchain projects that are aimed at the gaming industry, including Enjin, Decentraland and Immutable. Considering the gaming market is expected to be worth over $250bn by 2025, these tokens have significant potential for growth - assuming they can establish themselves in the industry. 

How much will Enjin be worth in 2025?

There seems to be a good amount of optimism surrounding gaming-focused cryptocurrency projects. Enjin is predicted to grow steadily in the coming years, with DigitalCoinPrice and WalletInvestor expecting the token to reach $8.08 and $10.30 respectively by 2025. 

Enjin better than Immutable?

Immutable is one of the newest projects on the crypto scene and, similar to Enjin, is intended to help developers add NFT assets to their games. However, Enjin is a much more all-encompassing project and has already built up a degree of momentum. At this stage, it would seem to be the better investment. 

Is now a good time to invest in Enjin?

The entire cryptocurrency market has cooled since the record-breaking price runs of early 2021. ENJ itself is trading at around $1.43 having been up at $3.94 in April. Whilst it might not reach this price point again for a few years, ENJ is expected to grow at least 50% by the end of 2022. As such, now could be a good time to add it to your portfolio. 

What are Enjin price predictions for 2030?

There are only a few long term Enjin price predictions in circulation, but the ones we found looked fairly positive. CryptoGeek, for example, has ENJ reaching a potential high of $8 by 2030 - marking growth of over 470% on today’s prices.