Is Enjin Coin a Good Investment Today?
The Enjin Coin has a bright and promising future, according to the Enjin price predictions you’re about to read at the end of this article. The highest possible price of an Enjin coin in eight years is $30.97. As a result, we should anticipate ENJ to rise in the next few years.
Read on for further learning about the coin’s price analysis and fundamentals.
What is Enjin (ENJ)?
Enjin is an Ethereum-based gaming community platform where users may build websites, communicate, and run virtual item stores for games. It is one of the most famous ecosystems for non-fungible tokens (NFTs).
The Enjin Coin (ENJ) is an ERC-20 token that can be used for both transactions and smart contracts and to back digital assets issued on its platform. Since ENJ was formed simultaneously with the ERC20 contract, it is impossible to stake the token directly.
Based on the current data of eToro, it is ranked #71 in the crypto market based on market capitalisation. As of April 4, 2022, ENJ price ranges from $1.8106 to $1.8910, with a market cap of $1.61 million and a trading volume of $133.5 million.
News and Driving Factors of Enjin Demand Increase
In March 2022, Enjin released the first NFT parachain, known as Efinity, on Polkadot. Enjin’s NFT initiative represents a significant advancement in NFT scale and performance. It can currently mint over 2,000 digital items or collectables every transaction, with cheaper fees. Enjin partnered with another protocol, the Aave DeFi protocol, where ENJ tokens may be deposited and profited from by lending them on interest.
Enjin’s products or technologies have been recognised in the gaming industry, resulting in multiple use cases. The products were utilised by different cryptocurrency firms, including, Kriptomat, Binance, and Swissborg, to develop blockchain-powered marketing campaigns and gamify user interaction. Aside from gaming, it has also partnered with multinational companies from different industries, such as Microsoft, Samsung, BMW, Atari, etc.
Enjin (ENJ) Price History
The price of Enjin was $0.13 at the start of 2021. By December 2021, the price had risen to $2.73. It had a capitalisation of $2.2 billion and a trading volume of $263.8 million. Four months ago, Enjin Coin reached an all-time high of $4.4982.
Enjin Price Prediction (ENJ)
It’s important to remember that coin forecasts are based on previous data. Furthermore, crypto experts’ projections might be wrong. We compiled Enjin Coin price predictions from prominent crypto specialists for your trading reference. Since the data changes often, please proceed with discretion while reading the following price predictions.
Enjin Price Prediction (ENJ) 2025
In three years (January 2025), Wallet Investor’s predicts that the coin will increase to the maximum price of $6.186. Digital Coin Price also has a positive outlook for this year as they have currently forecasted that ENJ coin will rise to $4.02, yet not as high as Wallet Investor predicted. Furthermore, Price Prediction has the highest expected ENJ price at $6.90.
Enjin Price Prediction (ENJ) 2026
Following the same outlook, there are predictions that ENJ coin will continue to increase as it welcomes the year 2026. Wallet Investor forecasts that ENJ will reach the maximum price of $7.831, while Price Prediction stays optimistic with a prediction of $9.55. On the contrary, Digital Coin Price predicts that ENJ coin will experience a slight decrease in value because it might lower to $2.98.
Enjin Price Prediction (ENJ) 2027
ENJ price continues to rise, and the price is expected to increase to over $6.00. Wallet Investor is still optimistic and forecasts ENJ price will rise to $9.622. Digital Coin Price forecasts ENJ coin to reach $6.59, while Price Prediction has the highest expected maximum price for ENJ, which is $14.54.
Enjin Price Prediction (ENJ) 2028
Wallet Investor currently has data until 2027 only. In 2028, Digital Coin Price has been predicted to reach $7.71 while the value has been tripled by Price Prediction’s research, forecasting Enjin Coin’s price at $21.29.
Enjin Price Prediction (ENJ) 2029
In 2029, Digital Coin Price experts predict ENJ to be at an average price of $7.28, with a minimum price of $7.09 and a maximum price of $7.59. Meanwhile, Price Prediction forecasts ENJ coin to reach a maximum price of $30.97.
Enjin Price Prediction (ENJ) 2030
In 2030, the highest possible price that ENJ will have is $30.97 as predicted by Price Prediction. It’s also possible that the coin will not be able to reach $10 yet, according to the current analysis of Digital Coin Price.
What Do Experts Say About Enjin (ENJ)?
So, other market experts may have bullish predictions of Enjin Coin’s value. Let’s see what other crypto experts have to say about the coin.
As agreed by some experts, Enjin coin, more than any other coin, has greater growth potential.
“Enjin is one of the safer bets in all of crypto. And it’s got tremendous upside.” – BitBoy Crypto
“When it comes to the price potential of ENJ, …this will depend on the amount of adoption that the Enjin ecosystem manages to acquire in blockchain gaming and NFT spheres, as well as the status of the partnerships it might establish in the future.” – Coin Bureau
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Final Thoughts in our Enjin Price Prediction
ENJ’s performance would help it attain its expected price in the future, thanks to developments and updates to the ENJ ecosystem. However, be reminded that no price predictions are flawless. An investor must know their risk tolerance before including Enjin Coin in their portfolio.
Enjin Price Prediction FAQs
For more questions about investing in Enjin coin, please refer below.
Where to Buy Enjin Coin?
Enjin (ENJ) can be purchased and sold on major exchanges like Okex, Binance, Uniswap, and eToro. The procedures for acquiring the token are as follows:
- Make an account with the exchange of your choice.
- Choose the most convenient payment method to purchase Enjin (ENJ).
- After completing your purchase, you’re ready to start trading or investing in Enjin (ENJ).
Will Enjin Coin Go Up?
Based on the price predictions featured in this article, the Enjin Coin has a positive outlook for the future. Hence, we can expect ENJ to go up in the following years.
Should I Invest in Enjin (ENJ)?
While many price predictions from market experts say that Enjin (ENJ) is a good investment, it also depends. Always keep in mind that cryptocurrencies are extremely risky investments.
Always conduct your research before investing in any asset. Past results are no guarantee of future outcomes. Your risk tolerance and market knowledge should guide your choice. Consult with a financial adviser before making any investment choices.
Disclaimer in our Enjin Price Prediction
There is no financial advice included in this Enjin (ENJ) price prediction. Be reminded that the crypto market is highly volatile. Practice trading at your own risk, and never invest more than you can afford to lose in your account. For a more profitable and safe trading experience, we recommend conducting research and consulting with a financial professional.