Enjin Coin Price Prediction 2022-2030: Is ENJ a good investment?
Enjin co-founder Maxim Blagov has stated that the company is focused on adoption. He imagines a future in which millions of gamers use digital items backed by Enjin Coin without even knowing it exists. This is a perfect strategy as gamers would like to play and worry less about technicalities such as the volatility of the coins used.
On the other hand, Enjin has been highly involved in the gaming industry and aims to increase the revenue of the gaming business and give them a competitive advantage. Investors, however, are keenly interested in technicalities about the coin as they need to keep ahead of the crowd.
The live Enjin Coin price today is $1.30 USD with a 24-hour trading volume of $116,556,536 USD. Enjin Coin is down 5.55% in the last 24 hours. The current CoinMarketCap ranking is #70, with a live market cap of $1,128,891,421 USD. It has a circulating supply of 870,624,706 ENJ coins and a max. supply of 1,000,000,000 ENJ coins.
A game creator explains that constructing an internal game economy involves “creating value out of nothing,” and making the “nothing”—such as a boost—scarce is one way to accomplish that. How’s that again? For now, let’s start with knowing the Enjin coin.
What is the Enjin Coin?
Enjin coin is an ERC-155 token and an ERC 20 token that relies on the Ethereum network to support smart contracts and payments. Its supply is finite, with a market cap of 1 billion units. It was first announced in July 2017 and launched on the Ethereum network in June 2018.
Enjin coin supports the creation and use of virtual goods. You can create cryptocurrencies that are backed by the Enjin coin.
Any person mining on the Enjin Ecosystem has to use the Enjin coins. They withdraw the correct quantity of ENJ tokens from their wallets and lock them within the assets they create. This way, the tokens are removed from the marketplace to create scarcity.
It is also the first crypto to be used in the gaming industry. Enjin coin is innovative crypto and is expected to transform the video game industry. The Enjin network blockchain gaming community has more than 20 million users.
Gamers can use Enjin Network to create clans, parties and play with friends online. Blockchain-based gaming is gathering heat within the gamers community. Gamers can use features like chat while playing blockchain-based games. Also, using the Enjin Network, any player will tokenize items in the game using the Ethereum network.
Gamers use the ERC-20 token on Ethereum and the Enjin Network to develop NFTs like digital swords. NFTs are becoming popular as many artists are entering the community. Even TIME magazine released their own NFTs.
This makes the Enjin coin price predictions quite important as many investors want to buy Enjin coin cryptocurrency.
Enjin Coin Price History
This section is a historical analysis of the ENJ price before getting into Enjin coin price prediction. The discussion is based on historical data about the ENJ digital coin.
The ENJ coin entered the world of cryptocurrencies on 1st November 2017 at $0.02431. Investors didn’t pay much attention since it was new in the market. The Price of the coin soon began to make significant strides. By the end of 2017, the value of ENJ had jumped by over 600% to reach a closing price of $0.1727, rewarding early investors with massive gains.
On 7th January 2018, the Price of Enjin rose to a maximum of $0.4934, an increase of over 180% from its previous high. The significant price actions of ENJ sparked a lot of interest and led to its listing on important cryptocurrency markets.
In early February 2018, the trading price of ENJ dropped to as low as $0.09134 but soon garnered some momentum and rose to $0.1931 by the end of the month. By the end of June, ENJ had gone bearish, and its value bottomed again to $0.05143 after experiencing tremendous selling pressure. The bears dragged the Price of the Enjin Coin, and it ended with a minimum price of $0.03714 in 2018.
2019 didn’t start any differently for ENJ, as the coin’s market value dropped to $0.02516 on 6th February. Soon after the dip, Enjin Coin gained momentum with renewed investor backing. Over the coming months, the coin traded within the range of $0.1116 – $0.2225. At the start of the third quarter of 2019, Enjin’s Price began trending downwards, and by October, the crypto had recorded a significant drop in market value to $0.05493. Towards the end of 2019, ENJ’s trend reversed, and it hit $0.1 again. The crypto ended 2019 at $0.08025.
Enjin coin entered the year 2020 with $0.08025 and hit $0.1648 by mid-February. In mid-March, the coin recorded a significant price drop to a value of $0.03627. The coin price trended upwards in the coming months, and it hit $0.2576 in August, raking in massive profits for investors. By the end of 2020, the Enjin coin was trading within a range of $0.138 to $0.1666. This also shows that the Enjin coin has average volatility.
2021 was the year of crypto, with mainstream currencies and alts riding on the bullish wave. ENJ recorded massive gains in 2021, and it hit its all-time highs at $4.85 during the November 2021 crypto boom.
ENJ started trading at $2.58 in 2022, and by the end of February, the coin had lost more than 65% of its value from its ATH. The price fall is attributable to the widespread uncertainty in the crypto space since the start of February, leading to massive selloffs of assets.
Enjin Coin Technical Analysis
Granted the hype surrounding NFTs and the Metaverse, a coin such as ENJ is set to grow in days to come. ENJ coin has the potential to deliver 100X its all-time high by the end of 2022. The daily charts indicate a falling wedge pattern for ENJ price, which is a bullish pattern. As ENJ’s Price gets tighter, it continues into the wedge and could eventually break out to the upside, thereby cementing the possibility of further gains.
Additionally, the RSI is leaning towards the oversold region with a value of 42. This indicates that the asset is undervalued, and a price reversal could be imminent.
Enjin Coin Price Prediction 2022-2030
Enjin Coin’s ROI since its earliest known market value is 5670.59%. Also, its ROI since its all-time low on 2nd November 2021 is 8880.40%, indicating the coin’s profitability in the long term. However, since its current all-time high in November 2021, ENJ has lost over 70% of its value.
What does the future hold for ENJ? Will the coin be a good investment in the long term or short term?
Wallet Investor
If you are looking for virtual currencies with good return, ENJ can be a profitable investment option. With a 5-year investment, the revenue is expected to be around +621.71%, according to Wallet Investor. Your current $100 investment may be up to $721.71 in 2027
Price Prediction
Enjin Coin is facing difficulty getting on board with other crypto coins. The ENJ is down to almost -1.98% in the last seven days. The currency is still showing risking framing segments for the past few days; the ENJ might have solid fundamentals, but, PricePrediction.net warns that Enjin Coin would NOT be a profitable short-term asset.
Digital Coin
Enjin Coin is expected to cross a price level of $2.70 in 2027. Meanwhile, Enjin Coin is expected to reach a minimum of $2.50 this year. With an average trading price of $5.89 throughout 2030, Enjin Coin’s value could come to $6.08 at its highest.
Enjin Coin Price Prediction 2022
Based on our ENJ market research and price pattern analysis, the value of 1 ENJ could soar up to $2.20 by the end of the year. Also, the predicted year-end average Price for ENJ is expected to be around $1.90, with a minimum price of $1.84.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| March 2022 | 1.29 | 1.45 | 1.50 |
| April 2022 | 1.44 | 1.51 | 1.57 |
| May 2022 | 1.47 | 1.54 | 1.64 |
| June 2022 | 1.53 | 1.60 | 1.72 |
| July 2022 | 1.61 | 1.67 | 1.80 |
| August 2022 | 1.63 | 1.70 | 1.88 |
| September 2022 | 1.67 | 1.74 | 1.95 |
| October 2022 | 1.71 | 1.77 | 2.04 |
| November 2022 | 1.77 | 1.82 | 2.13 |
| December 2022 | 1.84 | 1.90 | 2.20 |
This prediction closely aligns with the Enjin Coin price prediction from DigitalCoinPrice, which expects the coin to trade around the $2 mark in the remainder of the year.
Enjin Coin Price Prediction 2023
If investors turn to ENJ in 2023, it could be a profitable investment option for traders. We expect the coin to reach a maximum valuation of about $3.20 for the year.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| January 2023 | 1.82 | 1.99 | 2.05 |
| February 2023 | 1.94 | 2.03 | 2.15 |
| March 2023 | 2.02 | 2.11 | 2.25 |
| April 2023 | 2.10 | 2.20 | 2.33 |
| May 2023 | 2.17 | 2.26 | 2.44 |
| June 2023 | 2.23 | 2.31 | 2.53 |
| July 2023 | 2.26 | 2.35 | 2.65 |
| August 2023 | 2.35 | 2.42 | 2.77 |
| September 2023 | 2.43 | 2.52 | 2.86 |
| October 2023 | 2.50 | 2.57 | 2.96 |
| November 2023 | 2.55 | 2.65 | 3.07 |
| December 2023 | 2.65 | 2.73 | 3.20 |
The ENJ price line and forecast trendline from Wallet Investor project a similar trend in the long term, with the coin’s Price expected to reach $3 in 2023. In a short time (14 days), Wallet Investor provides a bearish market price prediction.
Enjin Coin Price Prediction 2024
With massive developments expected in the metaverse and NFT space in 2024, ENJ is well-positioned to outperform several other altcoins on the crypto market in the long term. A bullish ENJ price prediction is projected for 2024, with a minimum ENJ price of $2.59 and a maximum price of $4.56.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| January 2024 | 2.59 | 2.87 | 2.95 |
| February 2024 | 2.81 | 2.92 | 3.09 |
| March 2024 | 2.90 | 3.04 | 3.21 |
| April 2024 | 3.02 | 3.13 | 3.33 |
| May 2024 | 3.15 | 3.26 | 3.45 |
| June 2024 | 3.18 | 3.32 | 3.58 |
| July 2024 | 3.34 | 3.45 | 3.72 |
| August 2024 | 3.39 | 3.52 | 3.89 |
| September 2024 | 3.53 | 3.66 | 4.07 |
| October 2024 | 3.66 | 3.77 | 4.21 |
| November 2024 | 3.79 | 3.92 | 4.36 |
| December 2024 | 3.93 | 4.04 | 4.56 |
Enjin Coin Price Prediction 2025
ENJ has proven to be a good investment in the long term and could yet remain profitable in 2025. We expect a trading range of $3.84 to $4.79 in the first quarter of 2025. Overall, ENJ will surpass its current all-time high to reach above $6 by December.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| January 2025 | 3.84 | 4.24 | 4.37 |
| February 2025 | 4.17 | 4.33 | 4.58 |
| March 2025 | 4.26 | 4.46 | 4.79 |
| April 2025 | 4.39 | 4.59 | 4.97 |
| May 2025 | 4.57 | 4.78 | 5.16 |
| June 2025 | 4.72 | 4.92 | 5.40 |
| July 2025 | 4.91 | 5.07 | 5.59 |
| August 2025 | 5.02 | 5.22 | 5.85 |
| September 2025 | 5.17 | 5.38 | 6.11 |
| October 2025 | 5.34 | 5.54 | 6.32 |
| November 2025 | 5.49 | 5.65 | 6.60 |
| December 2025 | 5.71 | 5.87 | 6.88 |
ENJ Price Prediction 2026 and beyond
By 2026, Enjin Coin will have a minimum value of $5 and a maximum value of about $10.
| Month | Minimum Price ($) | Average Price ($) | Total Price ($) |
| January 2026 | 5.58 | 6.17 | 6.34 |
| February 2026 | 6.06 | 6.29 | 6.59 |
| March 2026 | 6.31 | 6.54 | 6.84 |
| April 2026 | 6.51 | 6.80 | 7.10 |
| May 2026 | 6.72 | 7.01 | 7.44 |
| June 2026 | 6.86 | 7.15 | 7.79 |
| July 2026 | 7.14 | 7.43 | 8.08 |
| August 2026 | 7.44 | 7.73 | 8.38 |
| September 2026 | 7.59 | 7.89 | 8.69 |
| October 2026 | 7.89 | 8.12 | 9.08 |
| November 2026 | 8.05 | 8.29 | 9.49 |
| December 2026 | 8.30 | 8.53 | 9.90 |
According to our Enjin Coin price predictions, ENJ might soar massively in the coming years. Its price level in 2027 is expected to be between $8 – $14. By 2028, Enjin Coin is projected to reach a maximum price of $20, and by 2029, its total Price could reach $28
Newer feats are expected in 2030, and ENJ could reach up to $40, affirming the coin’s profitability in the long run.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| January 2030 | 23.25 | 25.43 | 26.15 |
| February 2030 | 24.97 | 25.94 | 27.17 |
| March 2030 | 25.75 | 26.71 | 28.47 |
| April 2030 | 26.55 | 27.52 | 29.54 |
| May 2030 | 27.10 | 28.07 | 30.91 |
| June 2030 | 27.42 | 28.63 | 32.32 |
| July 2030 | 28.28 | 29.49 | 33.75 |
| August 2030 | 28.86 | 30.08 | 35.22 |
| September 2030 | 30.07 | 31.28 | 36.42 |
| October 2030 | 30.69 | 31.90 | 37.68 |
| November 2030 | 31.33 | 32.54 | 38.95 |
| December 2030 | 32.63 | 33.84 | 40.25 |
Enjin Coin Price Predictions by Industry Experts
Final Thoughts
Enjin coin depends on the Ethereum network for payments. It was the first crypto to be used in payment systems in the gaming industry. It is expected to bring a massive transformation to video games. Since it runs on the Ethereum network, you can create a smart contract.
Enjin coin has recorded a significant price increase since its inception in 2017. This means that the coin will see a further rise in market price and popularity in the future. The predictions are favorable for ENJ, and investors could raise significant returns. However, the projections could go sideways if the crypto market goes bearish. Potential investors should conduct adequate research and not make investment decisions based on price prediction alone.
FAQs about Enjin Coin
Is it possible to mine Enjin Coins?
Yes, you can mine the Enjin Coin using the appropriate mining setup.
Is Enjin coin a good investment?
The Enjin coin price rose significantly in 2021 and gained massive popularity among investors.
Enjin coin also has a stable blockchain network and a great founding team. These factors, when put together, indicate that the Enjin coin is a crypto to have on your watchlist. Thus, ENJ may be one of the most profitable assets worth investing in.
By reading your favorite coins’ price analysis and daily roundups, you may keep yourself updated.
Can the Enjin coin (ENJ) hit an exchange value of $10?
In the Enjin coin prediction section, it was clear that this digital currency has a bright future.
Thus, with the above ENJ price prediction, there are chances that the coin will hit an expected maximum price of $10 in the next few years.
Who founded Enjin Coin?
Maxim Blagov founded the Enjin crypto coin.
Where to buy Enjin Coin cryptocurrency?
Enjin Coin cryptocurrency is available on various crypto markets, including Binance, Coinbase, KuCoin, Huobi Global, etc.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
