Enjin Coin (ENJ) Price Prediction, 2023, 2025, 2030

Enjin (ENJ) Overview

Enjin (ENJ) Introduction

The craze for Non-Fungible Tokens (NFT) is far from over. In fact, crypto lovers have only just begun to scratch the depths of possibilities that the crypto assets held for crypto-related ecosystems and communities. One of the industries with the largest NFT footprint is the gaming industry. The gaming industry has been transformed into a market with tradable items and other resources through tokenizing these items to ensure uniqueness, indivisibility, and no replicability, as well as prevent fraud.

Initially, the game world’s items, characters, and resources were largely similar; users could only modify them as game systems allowed. But what if you could exclusively own your character, own resources, and items backed by legal documents within the gaming world? This would create greater personal connection and immersion for gamers, right? The Enjin network tries to make this a reality by creating an interconnected ecosystem of networks focused on gaming products. with Enjin, game developers can make in-game items tradeable and transferable.

What is Enjin Coin (ENJ)?

The Enjin project, created in 2009, is an interconnected network of blockchain-related gaming products. It allows gamers and developers to buy and sell in-game digital items tokenized on the Ethereum blockchain with real-world value. The native coin of the Enjin project is the Enjin coin.

The project was informed by the aim to create on-chain software tools which facilitate the creation, trade, and monetization of creative products with blockchain. With the Enjin technology, business and developers can back their assets up via Enjin coin and monetize these assets.

The founders of the Enjin project include Maxim Blagov, the CEO and creative director, and Radomski Witek, its chief technical officer. Enjin integrated blockchain in 2012, specifically, the Ethereum blockchain, when Radomski realized he could turn his idea into reality via Ethereum smart contracts.

Enjin runs on a smart contract collection, allowing developers to mint unique fungible and non-fungible tokens. These tokens are then put on the Enjin market place where they can be traded or exchanged. Enjin keeps its circulation fairly scarce through a dynamic process that balances the ratio of custom tokens to EJN. The Enjin project removes the Enjin coin from circulation as more custom tokens are created to increasingly make the coin scarce and increase its value.

When users purchase the Enjin marketplace, via a combination of both on-chain and off-chain processes, the Enjin network, through the use of the third-party trusted platforms which interact with user wallets, immediately updates the user’s preferred destination with their purchased item or a non-tradeable version of the digital item until the transaction gets confirmed on the Ethereum blockchain.

Enjin Coin (ENJ) Fundamental Analysis

Enjin Coin is the center of a transformative trend within the crypto community. With its services vested in the Gaming and Non-Fungible Token communities, the potential for growth is massive. In addition, as the Metaverse and Web3 projects increasingly take center stage, the need for personalization of digital items would increase, and so would the tokenized in-game art and material market expand. This expansion, we can safely say, would positively impact the development of crypto service providers like Enjin within the Gaming, NFT and Metaverse niches.

Scalability

One of the biggest advantages of the Enjin network is its existence on the Ethereum network. With the constant expansion of the Ethereum network and its increasing infrastructure development, Enjin is sure to benefit from the second biggest and arguably one of the most scalable networks within the crypto community. In the past, Enjin’s first scaling solution was a move to Jumpnet to tackle high Ethereum gas fees and eliminate transaction costs. It later launched the Infinity NFT highway, which would allow several wallets, exchanges, and marketplaces to manage transactions with higher scalability. The scaling solutions of Jumpnet and Enfinity created a forever-free Ethereum scaling design and multi-chain interoperability.

Collaborations

As a platform that provides on-demand services, Enjin has made a lot of supportive connections in the crypto industry. Firstly, Enjin largely benefits from its existence on the Ethereum blockchain, as the credibility of the ETh network seems to rub off on it. Enjin’s Enfinity partnered with the Polkadot network to launch its Metaverse on the Polkadot network. Secondly, Enjin has the backing of the biggest crypto exchanges within the industry. Enjin is also in partnership with Shopping.io, allowing users to spend their crypto assets on popular E-commerce platforms, Stormrite, an RPG game on Xbox, and Blockster, a budding social network.

Lastly, Enjin is in partnership with industry giants like Samsung, Microsoft, Ubisoft, Unity, Changelly, Unity, PC Gamer, NRG Sports, Bancor, and Integrated Engineering Blockchain Consortium, among others.

Enjin Coin (ENJ) Price

Enjin is currently worth $0.338026 USD. ENJ has moved 1.90% in the last 24 hours with a trading volume of $17,607,455. Enjin is currently ranked 145 amongst all cryptocurrencies with a market capitalization of $466,422,858 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Enjin (ENJ) to decide wether it is going to have a bullish or bearish year.

Enjin Coin (ENJ) Price Predictions

Enjin coin was created to be great. With its services split within the Gaming, NFT, and the Metaverse, there is no ceiling to the possibilities of future growth for the project. Even more interesting is its collaborations with giants like Samsung and Microsoft, among other industry big guns. The fundamentals and technicals of the Enjin coin are indeed prophesying of a good omen. However; let the figures show you.

Our price prediction forecasts use real-time Enjin (ENJ) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Enjin (ENJ) Price Prediction 2023

Enjin, according to some, is one of the most amazing cryptocurrencies to rise this year (ENJ). The ENJ price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.50704.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.473237 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. ENJ is expected to have a minimum value of $0.405632.

Enjin (ENJ) Price Prediction 2024

In 2024, Enjin ENJ price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of ENJ will soon surpass $0.845066. However, we should wait to see if the ENJ’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, ENJ will trade with a minimum trading price of $0.676053 and an average trading price of $0.743658.

Enjin (ENJ) Price Prediction 2025

If the upward trend continues until 2025, it could reach $1.18 and ENJ may profit. If the market experiences a decline, the goal may not be met. ENJ is expected to trade at an average price of $1.08 and a low of $1.01 in 2025.

Enjin (ENJ) Price Prediction 2026

If Enjin successfully boosts market sentiment among cryptocurrency enthusiasts, the ENJ coin price could remain stable for the next five years.

According to our projections, ENJ will be green in 2026. The ENJ is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $1.52, with a minimum price of $1.35 and an average price of $1.42.

Enjin (ENJ) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the ENJ price is expected to cross an average price level of $1.76 by 2027, with a minimum price of $1.69 expected before the end of the year. Furthermore, ENJ has a maximum price value of $1.86.

Enjin (ENJ) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $2.10. If ENJ manages to break the resistant level in 2028, we could see a maximum price of $2.20, failing to gather the support ENJ needs by 2028 could result in a low of $2.03.

Enjin (ENJ) Price Prediction 2029

While ENJ is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $2.37 and a yearly price close above $2.54 in 2029.

Enjin (ENJ) Price Prediction 2030

By 2030, Enjin will finally surpass its previous ATH values and record new price levels. The minimum price could be $2.70 and potentially reach a maximum price value of $2.87, averaging out at $2.77.

Enjin (ENJ) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum ENJ price in 2031 is projected to be $3.31 in the event of a bull run, with an average price level of $3.18.

Conclusion

Bringing the possibilities of the crypto marketplace to Gaming and business means Enjin gives businesses access to the growth potential that crypto integration holds. With increasing crypto adoption for businesses and continued collaborations, the sky is the beginning for Enjin.

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