Enjin Coin (ENJ) Coin Price Prediction 2023-2030

End of 2023: The bearish trend may continue if Enjin Coin breaks below its immediate support at $0.22. However, a rebound from this point could take the coin to $0.42 by the end of the year. Market sentiment in the “fear” zone may affect the coin’s trajectory. End of 2025: With partnerships like Efinity increasing scalability and the upcoming NFT.io market, the outlook is bullish for ENJ.

Enjoin Coin (ENJ) rose more than 2,500% in 2021, hitting an all-time high of $4.8 that year. It has since fallen along with the broader market and is trading 95% below its peak at press time.

With market sentiment switching between fear and greed, many investors are looking for Enjin Coin price predictions.

This article delves into the coin’s price history, examines its potential through 2030, and explores how its practical applications can help its network grow. It also outlines the views of expert analysts, giving you a comprehensive view of ENJ price.

Enjin Coin (ENJ) Price Prediction 2024 to 2030 – Overview

• End 2023: If Enjin Coin falls below its immediate support at $0.22, The bearish trend may continue. However, a rebound from this point could take the coin to $0.42 by the end of the year. Market sentiment in the “fear” zone may affect the coin’s trajectory.
• End of 2025: With partnerships like Efinity increasing scalability and the upcoming NFT.io market, the outlook is bullish for ENJ. Given these developments, a price target of $1.2 by the end of 2025 seems feasible.
• By the end of 2030: As the global blockchain market is expected to grow exponentially, Enjin is well-positioned to benefit significantly. Its strategic moves, like Efinity, a platform built on Polkadot, could make Enjin a major player in gaming and the broader NFT space. Taking these factors into account, ENJ could reach around $4 by 2030.

year	low potential	average meal budget	high potential
2023	$0.17	$0.26	$0.42
2024	$0.38	$0.6	$0.85
2025	$0.8	$1.1	$1.5
2030	$1.2	$2.5	$4

Enjin Coin Historical Price

To understand the future of Enjin Coin, you need to have some understanding of its history, especially from its launch in November 2017 to various A journey of highs and lows to current status in 2023;

• Trading sideways into 2021: Launched in November 2017, ENJ initially didn’t make waves, even among some of the best cryptocurrencies The exchange is like Binance. It experienced small spikes in January 2018 and March 2019, but mostly lingered without major changes.
• Explosive Growth in 2021: The coin surged rapidly in 2021, surging over 2500% from $0.128 to $2.5832. This surge coincides with growing market enthusiasm for NFTs.
• All-time high in November 2021: In the one-month period from late October to late November 2021, ENJ surged another 150%, reaching A new all-time high of $4.8. This follows the announcement of a $100 million Efinity Metaverse fund for blockchain projects, fueling bullish sentiment and driving its 2021 gains.
• End of 2021: Despite a bullish November, the coin lost nearly half its value in December 2021, closing at around $2.2.
• BEARISH 2022: ENJ enters a bearish cycle in 2022 amid geopolitical tensions, including the Russia-Ukraine conflict, and broader economic uncertainty.
• Continuing Trend in 2023: The bearish trend continues and ENJ continues to find new support levels on its chart. At press time, the coin was trading close to its immediate support level at $0.22, 95% below its all-time high. The price action has drawn a descending triangle on its daily chart. This suggests that the bearish trend may continue in the short term if the price breaks below the $0.22 support.

A quick bullet point summary of ENJ price action history:

• There were small spikes in 2018 and 2019, with most transactions remaining flat.
• Spiked 2500% in 2021 amid NFT hype.
• ENJ reached an all-time high of $4.8 in November 2021.
• Falled to around $2.2 by the end of December 2021.
• has entered a long-term bearish trend in 2022 and 2023 and is currently trading at $0.23.

Enjin Coin Price Prediction 2024

By analyzing recent market conditions and price trends, Enjin Coin offers a different outlook for the remainder of 2023.

Market sentiment has yet to improve. The Bitcoin Fear and Greed Index shows that the market is currently in “fear” territory, which means purchasing power is not strong.

Therefore, if ENJ breaks below its immediate support at $0.22, the decline is likely to continue, especially given the descending triangle setup on the chart.

On the other hand, the coin’s support at $0.22 offers hopes of a near-term recovery. If buyers can sustain the rebound from this level, the future of the coin may become brighter.

However, to consider this a true uptrend, the coin should break and hold above the $0.26 resistance. After this, a push towards the $0.32 resistance could pave the way for a further rebound.

NOTE – “Support” is a price level where a downtrend is expected to pause due to increased demand. "Resistance" is the opposite: as selling increases, prices may stop rising and experience a downturn. These levels are crucial because they help traders make educated guesses about where price might go next.

Given this analysis, Enjoin Coin could hit a low of around $0.17 on the low end before surging to a high of $0.42 by the end of 2024.

month	Potential low	Average meal budget	High potential
October 2023	$0.17	$0.2	$0.26
November 2023	$0.2	$0.25	$0.3
December 2023	$0.25	$0.33	$0.42

Enjin Coin Price Prediction 2024

As the broader market shows signs of recovery, many buyers are looking for the best cryptocurrencies to trade. In 2024, there are several factors and intra-network Developments may affect the price of Enjin Coin.

Additionally, one of the major shifts that will define the crypto landscape in 2024 is the integration of blockchain with real-world applications.

Already a major player in the NFT space, Enjin recently partnered with New Frontier to digitize the travel industry.

The joint venture uses Enjin’s blockchain technology stack and specialized QR codes to enhance the global visitor experience.

How does it work? New Frontier leverages Enjin’s platform to bring NFTs to the travel industry, offering rewards, games, and even treasure hunts.

This approach not only gamifies the visitor experience, but also adds practicalities such as loyalty programs and premium booking rewards.

The goal is to create a fusion of physical and digital experiences that appeal to a younger, digitally native demographic — Millennials and Generation Z.

So, what does this mean for Enjin Coin (ENJ)? Well, these real-world applications have the potential to significantly drive user adoption.

By solving real problems in industries such as tourism, Enjin can demonstrate the real utility of its coin and ecosystem.

Given these developments and broader market trends, it is reasonable to predict that the price of ENJ could be close to $0.9 by the end of 2024.

Enjin Coin Price Prediction 2025

Looking ahead to 2025, Enjin Coin will benefit from a series of upgrades and partnerships that could fuel its growth.

A key development is the partnership with Efinity, which acts as a sidechain to the main Enjin blockchain, similar to how the Lightning Network operates with Bitcoin. This sidechain enhances the scalability and speed of transactions.

Additionally, Enjin is continuously upgrading its wallet to provide an all-in-one solution for cryptocurrencies and NFTs. They also plan to launch NFT.io, an advanced NFT marketplace that could set new industry standards. The marketplace is designed to provide core functionality and is expected to integrate seamlessly with Efinity.

Enjin’s positive developments extend beyond its marketplace and wallet. They are also developing tools and platforms for developers aimed at simplifying the blockchain integration process. This involves visual upgrades and significant changes to the code infrastructure to make it easier for developers to get started.

Given these key developments, it looks like the Enjin Coin price could reach $1.2 by the end of 2025.

Enjin Coin Price Prediction 2030

In 2022, the global blockchain market will be worth $11.14 billion. By 2030, forecasts suggest it could grow to $469.49 billion. This expansion is expected to occur at a compound annual growth rate (CAGR) of nearly 60%.

As blockchain technology becomes increasingly critical, Enjin is strategically well-positioned to capitalize on this surge.

Enjin has been relentlessly pursuing mass adoption of NFTs and blockchain. Key to this strategy is Efinity, a scalable, affordable blockchain platform based on Polkadot.

Polkadot is a well-thought-out project that aims to solve scalability, interoperability, and security issues in the blockchain ecosystem. The launch of Efinity is a significant milestone, not only for Enjin but for the broader NFT space.

Efinity’s long-term vision is ambitious. It aims to become the blockchain of choice for the world’s 3.1 billion gamers and beyond.

The platform promises scalability to accommodate mainstream games and provides cross-chain functionality. You can move any cryptocurrency or NFT to Efinity without the permission of its original creator. With these capabilities, Efinity can significantly increase the utility of the Enjin ecosystem.

Additionally, Efinity is designed to be easily integrated into the Enjin platform, with over 160,000 NFT creators.

The platform is expected to host over 100 projects soon, providing a solid foundation for a decentralized Metaverse. Transaction fees on Efinity are designed to be minimal, making it more accessible for users and developers.

Given these upgrades and the growth of the blockchain industry, the Enjin Coin price may reach a high of around $4 by 2030.

Nonetheless, it is crucial to consider overall Bitcoin sentiment when gauging it against other macroeconomic factors. Best Long-Term Investment.

Potential Highs and Lows for Enjin Coin Price

Here is a quick summary of the Enjin Coin price prediction from 2024 to 2030:

year	low potential	average meal budget	high potential
2023	$0.17	$0.26	$0.42
2024	$0.38	$0.6	$0.85
2025	$0.8	$1.1	$1.5
2030	$1.2	$2.5	$4

What are other analysts’ predictions for Enjin Coin?

When evaluating expert predictions for Enjin Coin’s price trajectory, it is important to remember that these estimates are based on historical data and analytical models.

While analyst forecasts vary, there is consensus that Enjin Coin shows growth potential. But keep in mind that crypto markets are affected by a variety of factors and are susceptible to rapid changes.

Digital Coin Price’s predictions:

• 2023: They estimate a minimum price of $0.21, an average of $0.46, and a maximum of $0.51.
• By 2024: Prices could range from $0.50 to $0.60, with an average of around $0.58.
• By 2030: The lowest price is likely to be $2.25, with an average of $2.34 and a peak of $2.36.

CoinCodex’s View:

• 2023: Enjin Coin is expected to trade between $0.22 and $0.69 . If the upper limit is hit, it could surge by 199.25%.
• 2024: The price may fluctuate between $0.22 and $0.69, and if it reaches the high end, it may rise by 199.25%.
• 2030: The price target is capped at $0.26, which implies an 11.5% gain if achieved.

PricePrediction.net’s opinion:

• 2023: They expect a minimum price of $0.34 and an average of $0.35 USD, peaking at $0.36.
• By 2024: Prices may range from $0.51 to $0.60, with an average of $0.52.
• By 2030: The minimum, average and maximum prices may be $4.84, $5.01 and $5.69 respectively.

Changelly’s Analysis:

• 2023: Enjin Coin’s minimum price is expected to be $0.22, peaking at $0.25 USD, with an average trading price of approximately $0.29.
• 2024: Estimates show a low of $0.26, a high of $0.41, and an average of $0.56.
• By 2030: The price of Enjin Coin is likely to range from $4.84 to $5.69, with an average of approximately $5.01.

What is Enjin Coin?

Enjin is a comprehensive blockchain-based platform dedicated to creating and managing digital assets for the gaming community.

Founded in Singapore in 2009, it has grown from a gaming community network into a powerful blockchain entity. Initial Coin Offering (ICO) of $18.9 million in 2017.

Enjin’s products are centered on a unique ecosystem that caters to game developers and gamers, simplifying the complexities associated with blockchain sex.

The platform uses a series of software development kits (SDKs), APIs, and a dedicated blockchain to create a seamless user experience.

Enjin originally built on the Ethereum ecosystem to issue digital assets via the proprietary token standard ERC-1155, which they proposed and approved in 2019.

The standard allows fungible and non-fungible tokens to exist on a single smart contract, increasing efficiency and functionality.

To alleviate Ethereum’s high gas fees, Enjin has adopted a scaling solution called “JumpNet” that gives developers the flexibility to securely build on Ethereum. Architecturally built without incurring high costs.

Its operating market provides a trading platform for these digital assets, with more than 1 million user Enjin wallet downloads and more than 3,000 active projects.

Enjin has created many “firsts” in the blockchain and gaming industries. It was one of the first projects to test the scalability of the Ethereum Raiden Network and received a Polkadot parachain slot, increasing its interoperability.

The project also received regulatory approval in Japan, breaking new ground for gaming tokens in the regulatory framework.

In 2023, Enjin revealed plans to launch its own Enjin blockchain, tailored for NFTs and digital assets. The ERC-20 token Enjin Coin or ENJ will be migrated to this new blockchain mainnet, maintaining a 1:1 transfer ratio.

In addition to gaming, the Enjin platform has a variety of applications, making it suitable for different industries looking to tokenize digital assets for various strategies: acquisition, retention or monetization .

As such, Enjin’s tools provide a holistic environment for innovation in the creation, management, and trading of digital assets. Additionally, it aims to minimize fraud, a significant pain point in moving virtual goods, while creating a more connected, frictionless digital world.

Essentially, Enjin provides an all-encompassing blockchain-based platform that bridges the gap between game developers, gamers, and blockchain.

Enjin Coin Overview

##Circulating supply1,000,000,000

Cryptocurrency	Enjin Coin
Stock Code	ENJEnglish
Price	$0.23
Price changes in 24 hours	0.6%
Market value	$233,074,473
Trading volume	$18,443,265
History high	$4.82
Historical Low	$0.018

What factors will affect the price of Enjin Coin?

Measuring the variables that affect cryptocurrency prices is critical to making educated price predictions. Here are some factors that may affect the price of Enjin Coin:

• One of the key drivers of adoption and leveraging the value of Enjin Coin is the speed with which game developers and gamers adopt its blockchain tools and marketplace. Greater adoption typically increases demand for the ENJ token, which can have a positive impact on the price.
• Technical Upgrade: Enjin’s planned migration from the Ethereum network to its blockchain mainnet could significantly impact the token’s price. Any successful upgrades or added features to the platform will make it more attractive, driving up the ENJ price.
• Industry Partnerships and Collaborations: Strategic partnerships with other industries or gaming companies can create new use cases for Enjin’s platform, driving demand for the ENJ token. Announcing a major partnership usually results in an immediate price increase.
• Scalability Solutions Enjin uses solutions like JumpNet to mitigate Ethereum’s high gas fees, making it more attractive to developers and end users. Lower transaction costs can lead to higher trading volumes, which has a positive impact on the demand and price of ENJ.
• Interoperability: Enjin’s acquisition of a Polkadot parachain slot demonstrates its increased interoperability with other blockchain networks. Such an application could help grow its user base while increasing its functionality, which could have a positive impact on ENJ’s price.
• Regulatory Changes: As one of the first gaming tokens to receive Japanese regulatory approval, any future changes in the regulatory stance of other major markets for crypto-assets may enhance or hinder ENJ’s market position and price.
• Market Sentiment and Macroeconomic Factors: General investor sentiment in the crypto market, or broader economic indicators such as inflation rates, can also affect the price of ENJ. Investors may speculate more in a bullish market, which may increase prices, while the opposite may be true in a bearish market.

Conclusion

Following the broader market trajectory, Enjin Coin peaked sharply in 2021 before entering a bearish phase in 2022 and 2023.

As the coin is currently trading close to key support levels at press time, it faces uncertainty in the short term, which could tilt either way depending on market sentiment and purchasing power.

ENJ’s goals in real-world applications such as tourism and ambitious plans with Efinity provide optimism for its future. These developments could make the coin more resilient and drive user adoption.

However, overall market conditions as indicated by the Bitcoin Fear and Greed Index suggest that investors are generally cautious.

Additionally, due to the volatility of the crypto market, investors should consider diversifying their portfolios to reduce risk. But navigating a marketplace with over 10,000 options can be challenging.

We’ve identified some of the best cryptocurrencies with utility and growing user bases. You can check out our Best Cryptocurrencies page for an in-depth analysis to identify these high-potential cryptocurrencies.

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