What Will Enjin (ENJ) Be Worth in 2030?
A technical analysis by the CryptocurrencyPricePrediction website indicates that Enjin token prices will rise steadily over the next decade and eventually reach $62.29 by December 2030.
Analysts from ICOcreed are equally optimistic that Enjin coin price will continue rising in the next few years. Through technical and fundamental analysis, these experts are confident that Enjin coin’s value will have climbed to $68.93 by the end of 2030.
Enjin has caught the crypto market and investor’s attention with its parabolic rise earlier in the year that saw it set an all-time high price of $4.0, having started the year around $0.13. At the time of writing this, Enjin is trading at $1.68 and boasts an impressive 1200%+ gain in the year to date. Before the unexpected ENJ token price rally between January and April 2021, the altcoin had performed dismally and had a particularly rough time reaching and sustaining its prices above $0.2.
Today, however, a combination of changes within both the crypto industry and within the Enjin network have helped ENJ token prices rise this high and keep their prices above $1.0 consistently for more than 6 months.
Industry insiders and the crypto community at large are also quite optimistic about Enjin’s future as they expect it posts even higher prices for the ENJ coin. The big question now is how high up ENJ coin prices will get before 2030 and how they will get there.
Let us answer both questions by looking at different crypto expert opinions about Enjin and the most up-to-date price predictions from reputable sources.
Enjin (ENJ) Price Predictions for 2030
Predicting a cryptocurrency’s price in 2030 can be really hard, especially when you factor in the coin’s volatility and unpredictability of the crypto market. Accurately forecasting what a crypto coin will be worth tomorrow or the day after that is already hard enough. And this explains why most crypto experts won’t provide long-term price predictions for cryptocurrencies like Enjin.
They instead lay out the factors they believe will influence crypto coin prices moving forward and explain the effect each will have on its price direction.
Enjin's case is no different as a lot of crypto analysts have highlighted a myriad of factors that they believe will shape the altcoin’s price action and determine whether its prices will rise or fall as we head into 2030.
These factors include:
- Network upgrades
- Crypto market performance
- Adoption of NFT technology
- Crypto regulation
Let us go over each of these in detail and try to understand how they will influence ENJ token prices between now and 2030.
Enjin network upgrade
Enjin recently made public the plans to launch two new blockchains that turn it into a multi-blockchain ecosystem. The first, Efinity, will be built with Polkadot and dedicated to facilitating NFT transactions. The second, JumpNet, will be more of a bridge that maximizes the Enjin ecosystem’s scalability and improves transaction processing. Crypto experts argue that the sooner the two gain massive acceptance, the sooner ENJ token’s demand rises and drags up the token prices.
While Enjin coin traded at depressingly low prices for more than three years and recorded relatively low daily trading volumes, you can still see bumps on its price chart. These ridges, though relatively small, are indicative of the crypto market rallies and dips over the years.
But the best example of how the crypto market influences ENJ token came about in the first half of 2020 when the coin’s prices grew parabolically during a crypto market-wide rally and tanked when the rally crashed. Moving forward, experts believe ENJ coin prices will continue reacting to the crypto market performance.
Adoption of NFTs
The Enjin network has its focus trained on NFTs. Seeing that most experts believe it will be the next big thing and may surge in popularity just as DeFi and ICO had done before, it will be interesting to see its impact on Enjin token prices.
If the NFT craze eventually explodes, there is no doubt that it will help the token prices soar. How soon the NFT wave hits the ground and how fast it is accepted in the crypto community will largely determine how fast the ENJ token prices rise.
The threat of regulation hangs over the crypto industry as economic powerhouses like the U.S propose legislation aimed at regulating the crypto industry. For a technology that was designed to operate outside the confines of any government regulations and control, the supposed regulations will most likely impede the performance of the industry.
Experts are thus worried that when this happens, it will dissuade most crypto investors and lead to a fall in the demand and price of cryptocurrencies like ENJ.
What Are Experts Saying About Enjin (ENJ) in 2030?
We have already mentioned that most crypto experts won't provide long-term price predictions for cryptocurrencies. Most will only provide users with short-term price forecasts - mostly up to 2025, though a few extend theirs to the next seven, eight, and sometimes ten years.
We have sampled some of their predictions for EN coin in 2030 or in periods leading to 2030, and here are a few of their opinions:
Crypto analysts at RepublicWolrd won't say how high up the coin will reach by 2030. But their analysis of the Enjin coin concludes that the altcoin is massively undervalued and that it is ready for an upward correction.
They are, however, quick to add that how fast it starts the climb, how fast it uptrends, and how high up it gets will depend on the adoption rate of the NFT technology.
Digital Coin Price
A technical analysis report of Enjin coin’s future by DigitalCoinPrice also indicates that the token prices will continue rising in the foreseeable future. It, however, foretells a slow rate of growth for the coin when it indicates that the coin can only reach the highs of $8.20 in the next 7 years.
The Wallet Investor is yet another highly reputable technical analysis website and is equally optimistic about Enjin token’s future. It, however, will only provide us with a 5-year price prediction for the coin, indicating ENJ will most probably be trading around $8.912 by this time in 2026.
You will notice that most of these price predictions are technically analyzed, which means that they don’t factor in the expanded Enjin ecosystem and the expected NFT explosion.
When Will Enjin (ENJ) Reach $100?
Well, just as it is hard to predict what an Enjin coin will be worth tomorrow, accurately predicting when the enjin coin will reach $100 is equally daunting. But analysts are convinced that EN token prices will eventually rise and reach $100.
There, however, are two possible theories on when Enjin will break above this target price level. And they both depend on the adoption rate for the NFT technology.
Some experts are confident that Enjin could hit $100 before 2030 if the NFT technology gains momentum and crypto industry-wide acceptance within the next 5 years. Others can only see ENJ coins rising above $100 sometime after 2030.
Conclusion: What Will Enjin (ENJ) be Worth in 2030?
No one can accurately tell what Enjin will be worth by the end of 2030, but analysts are confident that it could be trading between $17 and $70 by the turn of the decade.
Some of the factors that they believe will help drive Enjin token prices during this period include the adoption of NFT technology, upgrades to the Enjin network, and the performance of the overall crypto market.
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