Enjin Price Prediction – Will ENJ Rise in Value?
Gaming cryptocurrencies are becoming more and more popular. Enjin is one of the most well-known currencies in the space, primarily because it’s backed by a strong community that has been around for quite some time. The cryptocurrency uses a combination of blockchain technology and NFTs to create a platform where gamers can store, trade, sell, or purchase virtual goods.
So far, Enjin has managed to achieve a lot. The cryptocurrency is ranked #73 on Coinmarketcap, with an impressive ROI of over 5000%. With its community still growing and more features being added every day, will Enjin continue to rise in value?
This article discusses the price prediction for Enjin (ENJ). We will first start by describing the currency and what it does. We will then talk about the Enjin Coin price and analyse whether or not ENJ is a good investment and its potential in the future.
Before we start, keep in mind that the predictions we mention in this guide should not be solely used to make an investment decision. Price predictions are just one of the many signals you should monitor while trading or investing in Enjin for the long term.
Having said that, let’s look at what exactly Enjin is.
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- What Is Enjin Coin (ENJ)?
- Enjin in 2021: Everything You Should Know
- Enjin Price History
- Enjin Price Prediction for 2021
- Enjin Price Prediction for 2022-2023
- Enjin Coin Price Prediction in 2024 - 2025
- The Future of Enjin Coin (ENJ): What Does the Crypto Have in Store?
- Conclusion: Is Enjin A Good Investment?
What Is Enjin Coin (ENJ)?
Enjin Coin (ENJ) is a cryptocurrency that enables gamers to earn tokens by playing games, selling items on game communities or completing achievements. The Enjin project also has its own virtual goods platform where users can store and sell their in-game assets as well as purchase other virtual items from the marketplace.
In particular, Enjin is a gaming cryptocurrency that focuses on virtual goods, also knows as NFTs (Non-fungible tokens). These assets can be used to purchase other items or even be sold for other cryptocurrencies. The cryptocurrency uses blockchain and NFTs to create a platform where gamers can store, trade, and sell virtual goods.
To make this possible, Enjin has created an open-source software development kit (SDK) that can be used by any game developer to implement the cryptocurrency into their own games.
In addition, it also provides a payment gateway so gamers and developers alike can make purchases without needing traditional money or credit cards. The cryptocurrency uses a coin called Enjin Coin (ENJ) and can be used for a variety of purposes, including virtual goods trading.
Enjin coin has so far had a good run in 2021 with the community expanding. As the NFT craze and gaming cryptocurrencies continue to dominate the blockchain industry, we expect Enjin to be among the first to be adopted.
Apart from achieving its current all-time high price of $4.00, Enjin has also made huge strides in 2022. Let’s have a quick overview.
Enjin in 2021: Everything You Should Know
Enjin has clearly made plausible strides in 2021. The most notable achievement is the parabolic price rise that kicked off in January 2021 after being caught up in the market-wide bull run.
The cryptocurrency climbed from rank #128 at the beginning of January 2021 up to a top 80 by July. This was largely due to the speculation that Enjin would be on Coinbase, a known exchange for cryptocurrencies. The community was also expanding, and Enjin had higher trading volumes compared to how it performed in 2020.
As more games adopt blockchain gaming features such as NFTs on their platform, we can expect ENJ to have a bright future.
The Enjin Network has also bagged a number of partnerships this year. For instance, in July, Enjin partnered with Unity Technologies, a major game developer and publisher. The partnership is aimed at enabling Unity to add blockchain-based NFTs into their games.
Just recently, Division Network, a fast-growing NFT and blockchain gaming protocol, also partnered with Enjin. Division will now be using the Enjin blockchain as it looks to launch its NFT metaverse.
The biggest partnership Enjin closed was with Samsung, which saw its price soar by more than 70% in 24 hours. Through this partnership, Enjin will be assisting Samsung to advance its own native blockchain wallet.
The partnership looks to have Enjin assisting with Samsung’s own native blockchain wallet, which will be able to store cryptocurrencies using a secure on-device private key management system.
The gaming blockchain just recently announced that it had become a member of the UN Global Impact, positioning itself as more than just an NFT platform.
Overall, Enjin Coin price prediction looks promising for the future of this cryptocurrency. As more developers adopt ENJ into their platforms as a payment method and there are new partnerships with other game developers, this could be a good investment for the future.
Enjin Price History
Enjin doesn’t have much history since it only started trading around 2017. According to price data from CoinMarketCap, ENJ started trading at around $0.017 in early November 2017. The price then jumped to $0.4456 within the first month of trading before dropping back to as low as $0.049 in early August 2018.
ENJ traded below $0.05 until March 2019, when it crossed $0.2 per token briefly before dipping again. After that, the coin struggled to reach $0.1 again, but it wasn’t successful until early February 2020. The success was, however, short-lived, and soon, it resumed its struggle below $0.1 again until late April.
From there, the price began climbing steadily and only had a slight slump towards the end of the year. This was, ironically, a foreshadow for a bull market that started in early 2021. The bull run was market-wide and saw most unknown cryptocurrencies zoom into the lime limelight and achieve previously unimaginable figures.
Enjin was among the first coins to be swept by the tide that saw its price grow parabolically. By around February 20s, 2021, Enjin had crossed $0.6 in preparation for its biggest jump yet.
Between February 28th and March 18th, the token jumped from $0.4926 to $2.667, representing a more than 440% gain in less than a month.
There was a slight drop as ENJ tried to adjust to the huge price spike. On March 23rd, it went back to $2.133. But this was not an indication of an impending downtrend as many analysts had predicted. On the contrary, Enjin was actually preparing for another uptrend to its current all-time high price. That is $4.00, which it attained on April 9th, 2021.
After reaching the all-time high, Enjin quickly plummeted and lost its breaks as it sped downwards to close to $1.0 towards the end of May.
After the crash, Enjin lost most of its momentum and kept fluctuating below $1.5 for most of June and July. At the time of writing, the coin was training at $1.39, having lost more than 65% of its peak value.
Enjin Price Prediction for 2021
2021 is edging close, making it easier to predict how the Enjin might end the year. Although the coin started on a bullish note, it tumbled around April and has since been struggling to bounce back.
If the predictions we have come by are anything to go by, there is a good chance that Enjin Coin might cross $2 by the end of 2021 and continue growing in 2022. As usual, the predictions are pretty mixed, but we still get the idea that the coin might be headed for a recovery.
Wallet Investor is one of the few analysts that believe Enjin Coin might touch the $2 mark by the end of the year. However, the site predicts a rather drudgy growth throughout the year, with the coin starting at $1.5 in January 2021 and ending at close to $2.
For the rest of September, Enjin will trade around the $1.5 to $1.6 range and only crosses to $1.6 during the last few days of the month. In October, ENJ will pick from $1.62 then steadily grow to $1.69 by the end of the month.
November might start at $1.701 and only gain $.01 for the rest of the month. The same thing will happen in December will the coin starting at $1.81 and ending at $1.951 or as high as $2.30.
CoinPedia predicts slightly below this figure for the end of 2021. The site believes that Enjin Coin might end 2021 at $1.589 if the current trading volume holds. However, CoinPedia also believes that if Enjin focuses on reducing transaction fees and adding more features to the network, the coin might trade at as high as $2.851 by the end of 2021.
Digital Coin Price is not far from this range as it predicts a price of $2.17 by December 2021 for Enjin coin. While DCP downgraded its predictions slightly after the April crash, it is still positive that Enjin will adopt a positive uptrend going forward.
Trading Beasts might have the most bearish predictions we have seen so far. Although the site thinks the Enjin might start September at a high price of $1.922 or as high as $2.4, it also predicts a downtrend that will see the coin trade at as low as $1.39 in November and $1.41 in December 2021. This is basically the same as the current Enjin Coin price.
So, generally, Enjin Coin might not be reaching $3 in 2021, according to most of the predictions we have seen. However, we can expect a plausible bounce back when the coin manages to break out of its current resistance point.
Enjin Price Prediction for 2022-2023
We might not see much growth from Enjin in 2021, according to price analysts. However, in 2022, there will be a promising rally with the price going as high as $4.00 per coin. Hopefully, Enjin Coin will be able to surpass its all-time high price and achieve even more exciting milestones in 2022.
Wallet Investor continues its 2021 rally in 2022 with the price starting at $1.954 and ending the year at $3.5 or a yearly high of close to $4.00. Although the growth might not be as fast as we like, it is better than what we are seeing in the second half of 2021.
Wallet Investor predicts a slow but promising growth with reduced volatility throughout the year. Enjin will hit the $2 mark in early January 2022 and cross $2.5 per coin in early March. There will be a lot of resistance as the coin tries to reach $3 but will finally manage to do so around mid-August.
As a result of this resistance, Wallet Investor doesn’t think that Enjin will pick up enough momentum to push it to above $4 by the end of 2022. However, that milestone is not entirely impossible to achieve, and with the right catalysts, we might see an even bigger number.
Fortunately, in 2023, Wallet Investor predicts that the $4 milestone will come much faster. According to the site, Enjin will start the year at slightly above $3.5 per coin and reach $4 in early March.
Wallet Investor predicts much faster growth in 2023. For instance, ENJ will quickly reach $5.5 around April 20s. However, the rally to the $5 mark will not be as easy as the coin goes back to as low as $4.2 by the end of June. It will then start rising in July and cross $4.5 again in early August.
Finally, after a lot of struggle, Wallet Investor predicts that Enjin Coin might be able to cross $5 in late December and close the year at around $5.2.
Most of the other price analysts are, unfortunately, not as optimistic. For instance, Digital Coin Price predicts that Enjin will finish 2022 at $2.6 and 20223 at $3.21. While these are still promising figures compared to the current price, we believe most investors would love to expect more.
Of course, Trading Beasts is still conservative with its predictions and doesn’t think Enjin Coin will achieve much in 2022 and 2023. For instance, the site is still not sure if ENJ will cross $2 in 2022. In fact, it predicts that the coin will close 2022 at $1.33, which is clearly on the bearish trend end.
Although there is low volatility throughout the year, Trading Beasts doesn’t promise much growth, with the price only increasing by a few cents from month to month.
The same thing will happen in 2023. Trading Beasts believes Enjin Coin will still be dilly-dallying around the current price point by the end of 2023.
From these predictions, Enjin Coin might trade at as high as $6 by 2023 or as low as $1.3. Let’s wait and see.
Enjin Coin Price Prediction in 2024 - 2025
Enjin Coin price becomes harder to predict as the years progress. In fact, there is a very low probability that any of the price analysts will get the predictions right for as far as 2025. However, for the sake of getting a good idea of the general price direction, we are going to look at some of the predictions for 2024 and 2025.
Of course, the predictions fall far apart and will be much different for 2024 and 2025.
Wallet Investor still holds to its positive predictions in 2024 and 2025. The site predicts that Enjin will start 2024 at slightly above $5 and cross $5.5 in early March. That is a much faster growth compared to what we might see in 2022 and 2023.
The coin will then reach $6 per coin in mid-April but might start falling again in May and trade around the ~$5.8 level until mid-June. It will then finally hit $6 in early August.
Unfortunately, ENJ will struggle going forward and might not reach $7 in 2024. Wallet Investor predicts that Enjin might trade at $6.5 by December 2024.
The price growth in 2025 will be just as promising. Enjin will start the year at $6.55, and by early March, it will be trading above $7 per coin. It will then reach $7.5 in April but will start dropping again.
The downtrend might continue until late June where Enjin will be trading at around $7.3. After that, it will start rising again and this time manage to reach $8.00 per coin in mid-December 2025. Wallet Investor predicts that Enjin Coin will finish 2025 at around $8.1 or as high as $9.63.
Although Digital Coin Price is also optimistic about the future of Enjin, it doesn’t think the coin will reach $5 in 2024 or 2025. In fact, DCP predicts that ENJ won’t cross the $5 mark until 2027. This is a little pale when compared to Wallet Investor’s predictions.
Trading Beasts is even more disappointing. It predicts that ENJ will close 2024 at $1.81 and around $2.5 by the end of 2025.
As we have seen from the predicitons, Enjin Coin might break out of its current resistance and attain higher figures in the years to come. However, we should not take the predictions as they are. These are simply guidelines to give an indication of how the price might move going forward. So, you shouldn’t depend on them to make any major investment decision.
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The Future of Enjin Coin (ENJ): What Does the Crypto Have in Store?
It is difficult to predict what will happen with the Enjin Coin price, as it can go up or down at any time. However, there are many reasons to be optimistic about this cryptocurrency in the future.
First of all, because ENJ focuses on gaming and virtual goods that are virtually unlimited, its use cases seem endless. In addition, Enjin is becoming more and more well-known. With the rising popularity of gaming cryptocurrencies, ENJ has a lot to offer.
In terms of adoption rates, it’s worth noting that there are already an impressive number of game developers using this cryptocurrency in their games, as well as websites for traders or item creators who are using the ENJ SDK.
In addition, Enjin has recently partnered with Unity Developers to make interoperability possible between gaming platforms and virtual goods. This means that any game created on a different platform can be imported into the Enjin ecosystem without losing in-game progress or data, which is highly valuable for gamers.
Moreover, in the near future, the company plans to release their Enjin Browser that will allow users to access gaming websites without ads or interruptions.
Another important thing is ENJ's transaction speeds. Transactions on the blockchain are done in just one second, and confirmation speed takes about 20 seconds which guarantees a smooth gaming experience for gamers across all platforms.
The most important thing to consider about Enjin is its community. The cryptocurrency has an enormous global team of developers, engineers and advisors who are always working hard to make the platform better with updates that will keep gamers coming back for more.
If you're looking for a gaming crypto-currency, then look no further than ENJ. With all these features in mind, it's safe to say that the future is looking bright for ENJ.
Conclusion: Is Enjin A Good Investment?
More than just a cryptocurrency, Enjin looks to be the future of gaming. With all its NFT features and benefits for gamers as well as developers alike, it's no wonder that ENJ is quickly becoming one of the most sought-after cryptocurrencies in today’s market.
In addition, with the number of games on different platforms that are using this cryptocurrency every day and its use cases in virtual goods trading and payment gateways, Enjin Coin is definitely a top choice for gamers.
But is it really a good investment?
With a current price of $1.39 and a market cap of $1.2 billion, Enjin is not yet considered to be among the top cryptocurrencies in terms of market cap or price, but it's certainly worth keeping an eye on.
If you decide to invest in Enjin Coin, make sure to do thorough research to avoid any risks. Even more importantly, never invest more than you can afford to lose, no matter how confident you are in Enjin.
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Is Enjin a good investment?
Yes, Enjin is a good investment because it is price is predicted to increase in the future.
Can the price of Enjin reach $5?
The price of Enjin has the potential to hit $5. Experts predicted the value of Enjin to reach $5 by the end of 2023.