Non-fungible tokens (NFTs) gained huge popularity in 2020 and 2021 with buyers and the general public. Since 2017, Enjin (ENJ) has been inspiring users and developers to launch their own NFTs and has served as a dominant player in the NFT space.
The Enjin is a unique project in the world of conventional cryptocurrencies. Gamification is a new approach from the network as their official website quotes, ‘More than simulation, these new realms will empower us to create real-world value while having fun. Precisely, Enjin aims to map a path where the users can experience digital realities!
The coin has not just caused inquisitiveness within the gamer’s circle but also grabbed the attention of many investors Now on-point, what will be the possible Enjin Price by the end of the year? Will gamification be on cards for the entire world? For the latest updates, ENJ Price Analysis and a long-term Enjin Coin Price Prediction!
|All Time High||$4.00 Apr 09, 2021|
|All Time Low||$0.01562 Nov 02, 2017|
|Circulating supply||834,331,121 ENJ|
|Total Supply||1,000,000,000 ENJ|
The Gaming community ventured in 2009 with around 200 million users in no time! However, the Enjin Coin was first announced in July 2017 followed by an ICO and raised $18.9 million. Subsequently, the launch of the Ethereum mainnet occurred in June 2018. ENJ is in use across various different websites and online games. The coin is convertible into numerous other digital properties like game items or in-game gold.
Maxim Blagov and Witek Radomski were the hands behind this growing gamification platform to land their feet at the crypto market. ENJ is a digital store value and backs the value of blockchain assets like non-fungible tokens(NFT’s). The token is capped at 1,000,000,000.
After the blockchain technology became popular, Radomski, the Co-founder of the network decided to introduce the blockchain to Enjin. Moreover, he became keenly interested in Ethereum and smart contracts that he even wanted to create a blockchain-integrated software! And that very point opened doors to the world’s first blockchain-based gaming platform.
The Enjin network lets game developers tokenize any in-game assets or items. For doing this, the native token ENJ, an ERC-20 token is in use. In other words, any blockchain asset in-built in a game can be backed by the Enjin token! As a result, when any player unlocks an item, they can not only use them in-game but also trade and sell them in return for ENJ tokens.
On the flip side, if you want to buy ENJ tokens, then look out for Crypto exchanges. Coinmarketcap, quotes Binance, Uniswap, Bithumb, Balancer, and many more. If you’re not a gamer yet want to trade Enjin coins, check out these exchanges to trade ENJ for Bitcoin, USD, Euro, Ether, Tether, and a few other cryptocurrencies!
For every asset that is minted within the network, a part of ENJ acts as a minting resource. That is to say, every digital asset is in lock with ENJ tokens inside NFTs. Thereby, a segment of the token goes eliminated from circulation, adding a reserve value to it. Not just NFTs, with the Enjin Beam, transfer of both NFTs and FTs is now possible by scanning a QR code. Arising questions about the security of the network are clear, as the tokens are backed by the Ethereum blockchain and smart contracts.
The altcoin follows the PoW consensus mechanism like most other cryptocurrencies. Since it runs on the Ethereum blockchain, you cannot stake ENJs and can only mine them. Minting the tokens helps within in-game items aids in boosting transparency and turns them into anti-inflationary coins. Also, the coins have a Melting mechanism where a user can demolish the blockchain asset and procure the tokens within.
The ENJ price spiced through 200 days MA owing to the January 5th market crash. The altcoin managed to flip the bottom at $2.13 surging by 12% round the clock. The RSI is indicating a bullish case where traders have the opportunity to buy the asset, if bulls enter then it would reclaim ATH near $5 in Q1 2022. If it undergoes supercycle the one it had in 2021 Q1 then we can expect the rally up to $10 in the next couple of months.
The rest of the 2022 trade might continue with the uptrend. The community could focus on revolving around the gaming industry. If Enjin enhances its platform by offering flexibility and seamless transparency, Enjin may smash a $7.589 mark by the end of 2022.
The coin might soar if the community concentrates on reducing the transaction fees. Also, with a wide vogue of the Enjin Smart Wallet, the coin may strike a high at $12.851 with further developments. On the flip side, the TPS is only 30, which may operate as a setback, pulling the coin to minimums at $5.50 by the end of 2023.
In contrast, If the market crashes again due to debates about PoW, then ENJ price may also fall back to $4.80. If this does not happen, the average figures by the end of 2023 seem reasonable and may strike at $8.805.
In 5 years, ENJ might become the top gaming crypto available in the market and might enter the top 40 cryptocurrencies list. If the network works on an instant transaction system, then it may blow a high at $15.793.
By the end of 5 years, the ENJ coin might trade at $12.414 with not many developments. On the other hand, if new regulations pop up in the coming years, the coin may entangle and drop even to $5.991.
According to WalletInvestor Solana will have a decent performance in long-term investments.
Walletinvestor predicted a maximum price that ENJ would hit being $4.756 and the minimum is $4.310. The website hopes ENJ will trade at an average price of $3.858 by the end of 2022. The asset would clinch a maximum of $12.040, and at minimum, it would plummet to $8.774. On the average note, the price would end up trading at $10.444 by 2025.
Trading beasts predicted a maximum price that Solana would hit being $2.86 and the minimum being $1.94 by the end of 2022. The website hopes SOL will trade at an average price of $2.14 by the year’s end. By 2024 the maximum of Solana will probably be trading at $2.74. The average and minimum possibilities are being $2.19 and $1.86.
According to DigitalCoinPrice, Enjin is a profitable investment. The price of one SOL can rise to $3.4 by 2022. And by 2025, the price of one ENJ is to be estimated at $5.3.
ENJ may concentrate on integrations and collaborations with certain gaming websites. According to Coinpedia’s formulated Enjin Coin price prediction, if it introduces new offerings to trigger the problem of scaling, it might smash $2.85 by this year’s end. On the flip side, the lowest price ENJ price may be $0.65, if the price continues to be volatile.
|Year.||Potential High.||Potential Low.|
With an Initial Coin Offering, Enjin Coin entered the market with $0.022 on 1 November according to Coinmarketcap. As it was the new entrant in the sphere, the investors were not attentive about the currency. Significantly, the token started to rise after. With certain price variations, ENJ climbed to $0.16 by the end of December and closed the year 2017.
On a bearish note, ENJ continued to trade at $0.18. Later, the currency effectively hit an all time high by spiking to $0.49 on 8 January as it got listed on many exchange platforms. Further the price declined to as low as $0.09 by February and steadily recovered to $0.23. Surprisingly, the token plunged to $0.052 by the end of June as the Enjin coin experienced huge selling pressure. As the bears were dragging the prices, ENJ failed to perform well and ended the year 2018 at a trading value of $0.04.
With a bearish run, ENJ started the year 2019 at a cost of $0.04. Dramatically, the price spiked to $0.24 by early March as the marketers continued their investment in Enj, and further, the token plunged to $0.05 by the end of October as the south Asian state exchanges announced to tighten the crypto market regulations. Followed by this, the currency steadily recovered to $0.08 by December to end the year 2019.
Enjin Coin preceded the year 2020 with an exchange value of $0.07. With certain price inequalities, the price dramatically dropped to $0.04 by mid-March as the crash of crypto assets because of the Covid-19 outbreak. Further, the price started to recover as the market opened the trading doors. Later the price hit $0.23 by the end of August and further plunged to $0.11 by early November. ENJ remained stable after the expansion of Bitcoin’s price rally at the end of November. Later, Enjin Coin traded at $0.13 to close the year 2020.
Enjin Coin entered the year 2021 with a trading price of $0.13. On a bullish note, the price started to rise further and is trading at $3.48. The current ATH is $4.00 that evolved in April. Following this, Enjin surged significantly with $2 figures by May. However, on May 19, the price collapsed, dipping from $1.89 to $1.20. Further coin failed to consolidate and dipped to $0.9136.
Soon after the partnership with Drops, the network started a study rise hinting at a bullish rally, at the time of writing the price reached $1.8705 nearing the $2 mark.
However, the hype in metaverse projects has uplifted the ENJ price in November. The ENJ price skyrocketed to a whopping $4.85 post the trend reversal to Meta. But the rally lasted for very short-term, as bears haunted the rally from $.85 to the bottom of $2.83 by the end of the year.
Yes, it is possible to mine Enjin Coin.
Yes, Enjin Coin might record its new All-Time-High by the upcoming days.
Yes, Enjin Coin might reach $10 in the near future.
Enjin Coin might be a profitable investment for the long term as it aims to provide more benefits to its users.
Maxim Blagov is the founder of Enjin Coin.
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