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.
| 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 |
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;
A quick bullet point summary of ENJ price action history:
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 |
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.
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.
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.
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 |
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:
CoinCodex’s View:
PricePrediction.net’s opinion:
Changelly’s Analysis:
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.
| Cryptocurrency | Enjin Coin |
| Stock Code | ENJEnglish |
| Price | $0.23 |
| Price changes in 24 hours | 0.6% |
| Market value | $233,074,473 |
| 1,000,000,000 | |
| Trading volume | $18,443,265 |
| History high | $4.82 |
| Historical Low | $0.018 |
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:
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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