The financial ecosystem is writing history. As a transition from classical finance occurs through the various new implementations of blockchain use cases, it’s fast appearing that what used to be a norm would no longer be considered valid in the near future.
The blockchain, with bitcoin at the head of the revolution, is disrupting the traditional monetary policies. This is paving ways for many cryptocurrency projects to compete for global recognition and possible adoption.
As fiat currently faces strict opposition from their digital counterparts, cryptocurrencies are sporting the limelight. Among such cryptocurrencies that rose to stardom recently is the Enjin coin.
Today, in this article you will find a detailed analysis as well as the future of Enjin coin. Why wait? Let’s dive into the depth of this Enjin Coin Price Prediction.
What is Enjin Coin?
A decision to invest in an Enjin coin should normally come with curiosities concerning future possibilities. Of these possible questions that arise are some relating to the foundation and use case. We shall begin with what an Enjin coin is.
An Enjin coin is essentially a token built on the Ethereum Blockchain. Enjin itself is an IT company that was founded in 2009. The company which is based in Singapore has various ready products like Enjin Network, Enjin Wallet, EnjinX, Efinity, and Enjin Coin (ENJ).
Enjin coin is a cryptocurrency that can be used across various different websites and online games. The coin can also be converted into numerous other digital properties like game items or in-game gold. The coin is virtually made for the game industry.
Enjin Coin Price Today
Enjin Coin price gained about 0.5% within the last 24 hours. With 65% of feelings being bullish on ENJ on Coingecko, the 55th cryptocurrency is currently changing hands at $0.1775 per coin.
Within the last 24 hours, Enjin Coin moved a generally bullish momentum to stay above the resistance at the $0.175 area. The top cryptocurrency is hovering around a market cap of $163.2 million amid a $7.8 million exchange volumes within the last 24 hours.
ENJ Coin Technical Analysis
The Enjin ICO token sale took place from Oct 3, 2017, to Nov 1, 2017. With the market decline in Q1 2018, ENJ dropped in February. This hit the prices below $0.01 USD by mid-March.
The coin first made the coin market cap list around Nov. 2017 when the crypto market was experiencing a full-blown bull market. At the time, the cryptocurrency was trading at around $0.05 per unit.
The coin traded around the $0.05 area until the end of 2017 and by December, Enjin Coin price was stable around $0.058. Although alternate ups and downs took turns at market control, Enjin coin price remained steady as a new addition to the flourishing crypto ecosystem.
Into 2018, Enjin coin made a grand entry and gained considerably alongside top cryptocurrencies. By February, Enjin coin price touched its all-time-high price at $0.48 but took a reversal as the first quarter of the year came to an end.
A sharp decline escorted Enjin coin price through the $0.1 area by June of 2018. Further decline supported the price at $0.05 area for the great of the year.
In 2019, there was an extensive price consolidation which steadied the price around $0.05. Initially, prices had risen to around $0.2 but the bearish markets also pushed prices back downwards to find support below the level. This continued for the rest of 2019 as enjin coin price remained within the $0.1 perimeter.
Enjin Coin Price Prediction 2020
By January 2020, prices rose progressively through the first quarter until it reached $0.15. Further upward waves propelled enjin coin price towards $0.2 area around early June. This was followed by a little price consolidation until the beginning of July.
In the year 2020, the entire cryptocurrency market is very likely to stabilize. This stabilization will definitely reveal a clear picture of the true value of ENJ. Suppose if the token is truly undervalued and its usability increases, you can see a healthy performance by 2020. The Enjin Coin price may reach a value of $0.25 by the year 2020.
Enjin Coin Price Prediction 2021
According to the sources, the price of ENJ coin will increase to $6.5 by the year 2021. The prices could even rise as high as $7 by the end of the year.
Enjin Coin 5 Years Price Prediction
Basically, the price forecast for crypto in the upcoming five years is extremely positive. Eventually, these forecasts are an expected recovery in the crypto market. Also, this rapidly booming industry can be of worth $170 billion USD in the next five years. Enjin coin may trade around $20 in 2025.
Market Price Prediction
Owing that the crypto market is entirely unstable and unpredictable, it is relatively tough to predict the price of cryptocurrencies. Essentially, it is similar to a gamble and luck rather than any data-driven guesstimate.
Now is the time to glimpse at the distinguished periodicals and identities who share their projections about the Enjin coin:
- Wallet investor
According to Wallet investor prediction, ENJ coin is expected to decline in price to $0.081 per token in a year. Hence losing all its Samsung S10 gains.
- Trading Beasts
As per trading beast, Enjin coin will trade around $0.17 in about a year. Explaining further they also predict that it can roughly reach $1 by 2020.
Crypto ground is a bit neutral with their reduction. Enjin might stay around $0.22 by the end of 2020. In addition, the site also indicated the ENJ coin price for 2024, noting that it may attain $0.55 by 2024.
These experts are bullish. Their prediction states that by the end of 2020, the ENJ coin might be roughly 200% from today’s price. By the end of the year, ENJ coin will trade at $0.44 per coin.
Coinpedia gives you practical predictions rather than fantastic, imaginative and discriminating projections. This is the reason why we predict that it will be a slow start to ENJ coin price. ENJ coin price may even reach greater heights of $10 or more in the coming future as from 2025.
Enjin Coin News
Enjin Wallet Opens To Chinese Customers
In their bid to expand to the Asian region, Enjin announced adding support for the Asian version and upgrade of its crypto wallet, Enjin wallet.
The Enjin SDK For Java Is Live!
According to the announcement, If you’re happy with Java, you will now have the ability to effortlessly incorporate blockchain assets with your games, websites, apps, and other projects—and explore everything this powerful technology has to offer.
Enjin Releases EnjinCraft
EnjinCraft is making the blocky, inventive realms of Minecraft even better—giving you the ability to integrate, use, and trade blockchain gaming items in your server.
It is often adequate to do your own study before you invest in any cryptocurrency. It is already known that all cryptocurrencies, encompassing Bitcoin are unstable.
Also, be thorough that the ancient data does not demonstrate any future results. So, you should never donate more than you could afford to lose. Also, it is decent to be readied for the worst case to lose everything you invest.