With its focus on more adoption, the bright future of the Enjin coin seems non-negotiable. With the rise of the Metaverse followers, there seems to be good news for Enjin coin almost all the time. One reason here is the difference in macroeconomic and liquidity factors in recent times, compared to earlier times. It means that ENJ cannot show a 0.74 times growth in one month, as opposed to the previous years. Also, as it has shown a 0.73 times growth in one month (as discussed earlier), ENJ will need at least 3,112 months (more than 259 years). The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in.

The worst month is June, six times out of 7, the price at the end of June was lower than starting price. While many have grabbed some of the ENJ tokens, experts predict that the leftovers will be a struggle to get. This prediction is because many people have shown tremendous belief in the power of Enjin. Now, let’s look at the opinions of crypto experts about the Enjin coin (ENJ) price.

As of this writing, the Enjin coin price is at $2.28, a $4.95% from its 24-hour trading price. With a trading volume of $144,242,501, there is a good chance of seeing the ENJ price at another all-time high. When ENJ started its journey, very few people could have predicted its stunning bullish trend in 2021. Following a series of ups and downs between 2018 and 2020, Enjin coin finally made its breakthrough in 2021.

Enjin Coin Price Prediction for Tomorrow and Next Week

Using Enjin Coins as the parent currency, games and communities may create unique in-game products, currencies, and privilege tokens. Anyone owning these assets can convert them back into Enjin Coins at the original exchange rate when they were produced. The virtual assets and the Enjin Coin are both ERC-20 tokens, which implies that the Enjin project offers not just transactions but also smart contracts. ERC20 will enable seamless integration with other Ethereum blockchain smart contracts and decentralized apps. Tokens that include some but not all of the standard functionalities are termed partly ERC20 compliant and may nevertheless be easily interacted with by third parties.

This is because if you own an item in a game, you can directly sell it from your e-wallet and use those funds immediately to buy any valuable stuff in the real world. This amazing utility of the ENJ coin makes it into the few coins that offer this feature to gamers worldwide. And with the increased crypto adoption in 2022, the dbc crypto price of the ENJ token may also increase sharply. Enjin Coin can be used by developers who use the Enjin platform to mint. The ENJ/USDT pair is trading 0.63% higher ahead of the Jubilee weekend in the UK. Thursday’s price action has been marked by low trading volume, albeit tilting towards the bullish end of the spectrum.

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Enjin Coin Price Prediction says that ENJ’s price is expected to go above an average price level of $10.41 by the end of 2040. Enjin’s main use case is to create and manage NFTs by the users. In today’s time, there are already many NFT marketplaces that allow the creation, buying, and selling of NFTs, such as Opensea, Coinbase NFT etc. Moreover, it still is in its developing phase and has a huge scope for improvements in its ecosystem. Therefore, it might take even longer to reach $1000 than calculated above.

Although the coin’s underlying structure may be sound, recent price action suggests that it is not a short-term lucrative investment. In 2009, the gaming community took a risk and quickly attracted an audience of over 200 million people. However, the Enjin Coin was unveiled in July 2017 and has since raised $18.9 million through an initial coin offering (ICO). Tokens (NFTs) on the Ethereum blockchain rely on ENJ as a digital store of value.

Enjin Coin Historical Price Performance

Enjin, the leading non-fungible token (NFT) ecosystem, has released Efinity, its flagship parachain, on Polkadot. Efinity will support CryptoBlades and its 1.1 million users as the first NFT parachain to debut on the Polkadot network; this is with support from over 100 games and apps. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors. Cryptocurrency prices can be volatile and unpredictable, and may be influenced by various factors, including market manipulation, regulatory changes, and technological developments.

The Enjin coin prices can surpass the $75 mark by the end of 2030. As all cryptos are down, Enjin coin performance is also showing slow growth. There are strong possibilities that the value of Enjin may recover in the next few months if the market sees a good bull run.

Enjin Coin (ENJ) Current Market Status

This enables millions of developers to easily merge current projects or create entirely new ones. Economically, any bespoke assets developed using ENJ will reduce the quantity of ENJ in circulation, conserving and boosting the long-term value of the ENJ ecosystem. All ENJ coins used to mint each unit of a custom coin are stored in the mint contract.

But we would like to suggest our readers do some personal level analysis and study before making any crypto investment. As data was gathered from the project’s website, Enjin is a blockchain platform that provides the end-to-end solution to scale NFT projects. The Enjin ecosystem helps to generate new revenue streams for the NFTs developers. Enjin is building a product ecosystem that will help the blockchain community to create advanced virtual economies through the power of blockchain technology. Just like with any other asset, the price action of Enjin Coin is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.

The Enjin coin price has done incredibly well in the past year. Therefore, it should theoretically reach a value of $1000 in more than 388 years (keeping in mind its 0.74 times growth in one month). However, it is not the only factor to consider and it is not practical either.

This chart shows long-term ENJ crypto price prediction for the next several years 2025, 2030, and 2040. Beyond the bounds, Enjin provides an extraordinary opportunity to create real-world value digital assets, gain ownership, and drive utility. Enjin coin might be looking to perform with more collaboration in the works than it did in 2021.

ENJ crypto’s market price three months ago was $0.54 and declining since then. Maxim Blagov and Witek Radomski were the hands behind this growing gamification platform to land their feet in the crypto market. After the blockchain technology became popular, Radomski, the Co-founder of the network decided to introduce the blockchain to Enjin. Moreover, he got keenly interested in Ethereum and smart contracts. 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.

• On Enjin, owners of various virtual goods can swap their NFTs for ENJ at the original currency rate (when the NFTs were minted).
• The Enjin ecosystem helps to generate new revenue streams for the NFTs developers.
• The ENJ price might reach $2.913 by the end of 2022, making it a successful investment.
• It is one of the most popular exchanges for crypto traders wishing to trade popular assets such as bitcoin, Ethereum, and Dogecoin.
• 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.

Apart from Enjin Price Prediction, we would like to suggest our readers conduct the maximum possible research before making any investment. Enjin Coin looks strong by a limited token supply but it’s an extremely volatile digital asset. Cryptos change their prices like a roller coaster and they can rise or fall in seconds. A risk analysis is essential before Enjin or any other crypto investment. Since its launch date, Enjin Coin has shown extensive growth in the crypto market.