The crypto space is growing rapidly. New coins and new investors are flocking to the crypto market to make big money. Today, we are going to discuss one such recent coin: Enjin. In this article, we will look at the long-term Enjin coin price prediction for 2022, 2023, 2025, and 2031.
According to Enjin co-founder Maxim Blagov, the firm is focused on adoption. He envisions a future in which millions of players utilise digital things backed by Enjin Coin without even realising it. This is an excellent tactic since players want to play and are less concerned with details such as the volatility of the currency they use.
Enjin, on the other hand, has been heavily active in the gaming sector and strives to grow income and offer customers a comparative benefit. Investors, on the other hand, are particularly interested in technical aspects of the currency to stay ahead of the competition.
A game producer notes that building an internal game economy entails “creating value out of nothing,” and making the “nothing” scarce is one way to do it. How’s it going? For the time being, let’s get acquainted with the Enjin currency.
What is the Enjin Coin?
Enjin coin is an ERC-155 and ERC-20 token that uses the Ethereum network to facilitate smart contracts and payments. It has a limited supply and a market valuation of one billion units. It was initially introduced in July 2017 and was made available on the Ethereum network in June 2018. The Enjin currency encourages the development and consumption of virtual commodities. Cryptocurrencies backed by the Enjin currency can be created.
Anyone mining in the Enjin ecosystem must use Enjin currencies. They take the appropriate number of ENJ tokens from their wallets and place them in the assets they generate. To generate scarcity, the tokens are taken from the marketplace in this manner.
It is also the first cryptocurrency that has been employed in the gaming sector. Enjin Coin is a cutting-edge cryptocurrency that is set to revolutionise the video gaming industry. There are almost 20 million users on the Enjin network, a blockchain gaming community.
Gamers may use the Enjin Network to form clans, parties, and play online with their buddies. Blockchain-based gaming is gaining popularity among gamers. While playing blockchain-based games, gamers may use features such as chat. In addition, any player can tokenize objects in the game by using the Ethereum network by using the Enjin Network.
Gamers create NFTs such as digital swords using the ERC-20 token on Ethereum and the Enjin Network. NFTs are becoming increasingly popular as more artists join the community. TIME magazine also issued its own NFTs.
As a result, the Enjin coin price prediction is critical, as many investors desire to purchase Enjin coins.
Enjin coin price history
Before going into the Enjin coin price prediction, this part provides a historical examination of the ENJ price. The debate is based on past ENJ digital currency statistics.
The ENJ coin debuted in the cryptocurrency market on November 1st, 2017 with a price of $0.22. Because it was new to the market, investors didn’t pay much attention. The price began to climb significantly. By the end of 2017, the price had dropped to $0.16.
The price of the Enjin token increased to $0.49 on January 8, 2018. As a result of this surge, it is now listed on the majority of cryptocurrency exchanges. In February 2018, the trade price fell to $0.09 before rising to $0.23. After enduring considerable selling pressure, it had reached $0.052 by the end of June.
The bears forced the price of the Enjin Coin down, and it concluded 2018 with a low of $0.04. By March of 2019, the bitcoin price had climbed to $0.24. By October, the cryptocurrency had dropped significantly and was worth $0.05. Enjin’s price had fallen to $0.08 at the end of 2019.
In 2020, the Enjin coin will have a value of $0.07. Around mid-March, the coin’s value dropped significantly to $0.04. In August, the coin was worth $0.23, and in November, it was worth $0.11. By the end of 2020, the Enjin coin had a market value of $0.13. This also indicates that the volatility of the Enjin coin is average.
Furthermore, the lowest, maximum, and average prices for December 2021 are 1.06664 USD, 1.56859 USD, and 1.25488 USD, respectively.
Now, let’s move on to what you were all waiting for, the Enjin Coin Price Prediction.
Enjin Coin Price Prediction 2022
According to our in-depth technical analysis of previous ENJ price data, we predict the price of Enjin Coin will reach a low of $2.94 in 2022. With an average selling price of $3.02, the ENJ price may reach a maximum of $3.43.
Enjin Coin Price Prediction 2023
According to our in-depth technical analysis of previous ENJ price data, we predict the price of Enjin Coin will reach a low of $4.50 in 2023. With an average selling price of $4.65, the ENJ price may reach a maximum of $5.07.
Enjin Coin Price Prediction 2025
According to our in-depth technical analysis of previous ENJ price data, we predict the price of Enjin Coin will reach a low of $9.56 in 2025. With an average selling price of $9.83, the ENJ price may reach a maximum of $11.01.
Enjin Coin Price Prediction 2031
According to our in-depth technical analysis of previous ENJ price data, we predict the price of Enjin Coin will reach a low of $100.14 in 2031. With an average selling price of $102.86, the ENJ price may reach a maximum of $116.11.
Final verdict on Enjin
Payments for Enjin currency are made using the Ethereum network. It was the first cryptocurrency to be utilised in gaming payment systems. It is likely to have a significant impact on video games. You can develop a smart contract since it operates on the Ethereum network.
Since its launch in 2017, the price of the Enjin coin has risen significantly. This suggests that the coin’s market price and popularity will rise more in the future.
Read more: Harmony (One) Price Prediction for 2022, 2023, 2025, 2031
