Enjin Price Prediction 2023, 2025 and 2030: Can Enjin Coin Reach $100?

Enjin Price Prediction 2023, 2025 and 2030: Can Enjin Coin Reach $100?

Enjin Coin Price Prediction 2023 is $0.691

Enjin Coin Price Prediction 2025 is $1.3

Enjin Coin Price Prediction 2030 is $8.0


Latest Enjin Coin Price

Enjin is a company providing an ecosystem of interconnected blockchain-based gaming products ad Enjin Coin (ENJ) is its native token.

Enjin coin is tradable like other cryptocurrencies but also focuses on games, NFTs, and other different assets on the platform. The platform allows the very easy creation of games and items. It means that the developers can launch different sorts of content on Enjin Network.

Enjin Price Prediction 2023: Is Enjin Coin a good investment?

The current market price of ENJ is $0.31 and is up by more than 0.16% in just 24 hours. Below attached is its one-day graph:

Is Enjin a good investment?

Image: ENJ’s one-day graph

Before predicting whether ENJ is expected to go up or down in the coming future, let us first overview the Enjin coin price history for the past few months. Enj crypto’s performance in the past months can help us gain the required context for the future. Let’s discuss:

Is Enjin a good investment?

Image: ENJ’s 1-year graph

Above is the ENJ’s graph for 1 year and as we can see that the market price of Enjin coin, one year ago was $2.8. Hence, there is a decline of 9.03x in ENJ’s price in one year. Also, there were numerous fluctuations stating that the decline wasn’t consistent.

Is Enjin a good investment?

Image: ENJ’s 3-month graph

The above graph depicts that the Enjin coin’s price is declining for 3 months (not consistently though) i.e., three months ago, ENJ was priced at $0.52 and has suffered a decline of 1.67 times.

Nonetheless, ENJ is 14.48 times lower than its all-time high price, leaving a huge scope for its growth in the coming future.

Enjin Coin Reddit Community Discussions: Is Enjin Coin a Good Investment?

  • In one recent discussion, one user compared ENJ with EFI and believed that Enjin is for the short term, while Efinity is for long-term investments. Users believe that ENJ’s price is rising and it may rise back to $4+ levels as that of the previous year.
  • In another discussion regarding ENJ and its utility, the majority of the users believed that Enjin is in its early development stage and might take 1-2 years to build completely. One user wrote, “It feels like ENJ is getting left behind. Contemplating selling out of this project entirely” while having a comparison between ENJ and EFI.
  •  In a recent Reddit discussion regarding the latest upgrade in Enjin Wallet, users seem to not like the recent updates to the wallet. One user wrote, “Even the iPad version is messed up, this wallet is trash”. While, another user commented, “Yeah the old version was definitely more user-friendly and less buggy”. One comment even says, “Enjin is a waste of time. Everything they do is a step backward since 2019”. The Reddit sentiments show that users are not very happy with the recent upgrades

Enjin Coin Competition Analysis: Is Enjin Coin a Good Investment?

One of the notable competitors of Enjin coin is Rarible. Let’s compare it with the Enjin coin:

Rarible is the NFT marketplace that is centered on creators and it issues RARI tokens for empowering its users. On Rarible, users can create NFTs for various different items including artwork and game items.

Below is the comparison between ENJ and RARI:

 EnjinRarible
Major audienceUsers looking for a blockchain solution to manage next-generation NFTs.Individuals looking for a creator-centric NFT marketplace for creating, collecting, or selling NFTs.
Supported platformSaaS, iPhone, iPad, and Android.SaaS
CategoriesCrypto wallets, NFT, NFT creator, NFT wallets, and Dapp browsersNFT, NFT marketplace, and MFT creator.
IntegrationsFour integrations- Aave, Asset Vantage, Cointelli, and KoinlyTotal 18 integrations including Ethereum
Performance in 1 year-9.03x-7.99x
Performance in last 3 months-1.67x-1.09x

Conclusion: Is Enjin coin a good investment?

First of all, ENJ’s price is almost 14.48x lower than its all-time high price, which means that it still has a huge scope for growth. Secondly, ENJ holds some good utility. For instance, it enables the users to store virtual assets for the games and allows them to contribute to the government programs of the network.

Apart from that, ENJ is certainly giving tough competition to its competitors for a year. Moreover, the NFT industry is expected to grow at a CAGR of 33.4% by the end of 2028, according to the reports. It means that there is a huge scope for a project like Enjin to grow and flourish in the coming years.

However, as depicted in Enjin’s November 2022 development report, more of the focus was to develop Efinity and EFI tokens. Therefore, it would be safe to say that the Enjin coin ecosystem still needs at least 1 to 2 years to develop completely. The Reddit community also believes that the token is in its early stage of development and ENJ’s price is rising & it may rise back to $4+ levels as that of the previous year.

To be a long-term investment, Enjin coin needs to outperform its competitors in price movements and utility. As of now, Enj crypto needs to develop its platform to beat the competitors, and only then it can be considered for the long term.

Enjin Price Prediction 2023, 2025 and 2030

Although Price predictions are never cent percent accurate, proper research and analysis can predict a lot about price movement. Here, let us try to do an ENJ coin price prediction.

Enjin coin price prediction needs us to analyze Enjin coin’s price history over different time durations:

Enjin Price Prediction 2030

Image: ENJ’s 3-month graph

Enjin coin’s 3-month graph depicts that its price has declined by more than 46.29% (keeping in mind its current price of $0.29) since September 2022, though the decline was not consistent. ENJ crypto’s market price three months ago was $0.54 and declining since then.

Enjin Coin Price Prediction 2023

Image: ENJ’s 1-month graph

ENJ’s price one month ago was $0.43, meaning that Enjin coin’s price has declined by nearly 32.55% to reach a current value of $0.29. However, the decline is a little less compared to its 3-month data. Note that the past movements of any token can predict a lot about its future trend.

Growth in the NFT market

There is an increased growth of digital art across the globe in recent years. Non-fungible tokens are digital assets that are based on blockchain and have recently become attraction centers.

Moreover, many top companies have now invested in NFTs, indicating that NFT is indeed the future of digital art.

According to the reports, the NFT industry is expected to grow at a CAGR of 34.3% by the end of 2028, meaning that the demand for NFT marketplaces will also increase.

As we know that Enjin coin is not only tradable like other cryptocurrencies but also focuses on games, NFTs, and other different assets on the platform. ENJ crypto allows the easy creation of games and items. Therefore, the growing NFT industry will indeed affect the Enjin coin price in a positive way.

Moreover, Enjin is an ecosystem where users can buy and sell NFTs by installing Enjin Wallet on either Android or iOS. Therefore, it has even more chances to grow along with the growth of the NFT industry.

Here are the predictions

Enjin Coin Price Prediction 2023 is $0.691

Also Read: Can Enjin Coin reach $1000?

Trust Wallet Token Price Prediction

Enjin Coin Price Prediction 2025 is $1.3

Enjin Coin Price Prediction 2030 is $8.0

Enjin Price Prediction 2040

Enjin Coin Price Prediction 2040 says that ENJ price is expected to go above an average price level of $10.41, and the expected minimum price value of ENJ by the end of the current year should be $10.04. Enjin coin price can reach a maximum level of $12.46.

Can Enjin Coin Reach $10?

To reach a price level of $10, ENJ coin needs to grow by nearly 23.25 times, considering its current market price of $0.43.

Furthermore, ENJ’s all-time high price was $3.85 which it achieved in November 2021. Also, ENJ grew by 3.66 times in 5 months to reach that value (i.e., from the lowest price of $1.05 in June 2021).

Thus, to reach $10, ENJ needs a minimum of 31 months (around 2.6 years). However, it cannot be expected to reach $10 this soon, considering the market economic conditions of liquidity, inflation and CPI.

Hence, the Enjin coin might need more than 2.6 years to reach $10.

Can Enjin Coin Reach $100?

Enjin coin’s current market price is $0.44 and thus, it needs to grow by nearly 227 times to reach a price level of $100.

Furthermore, ENJ’s all-time high price was $3.85 which it achieved in November 2021. Also, ENJ grew by 3.66 times in 5 months to reach that value (i.e., from the lowest price of $1.05 in June 2021).

Therefore, considering its 0.73 times growth in one month, we can say that ENJ can reach $100 in the next 310 months (around 26 years).

However, it also depends on the market conditions of economic factors and hence, ENJ might take more time to reach $100 than calculated above.

Can Enjin Coin Reach $1000?

Enjin coin needs to grow by 2,272 times to reach a price level of $1000, considering its current market price of $0.44.

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).

Again, the macro and micro economic factors will also play an important role in determining the price of ENJ tokens. Hence, Enjin Coin is not expected to reach $1000 in the coming future.

Enjin Coin Tokenomics And Use Cases

Enjin Coin has a maximum supply of 1,000,000,000 ENJ tokens and all of the tokens are in circulation. The following are the primary use cases of ENJ tokens:

  • Users can use their ENJ tokens to purchase and sell in-game NFTs on Enjin Marketplace.
  • ENJ token holders can participate in the governance of the platform through voting mechanisms.
  • Users can stake their Enjin Coins to earn Efinity tokens on the Enjin ecosystem.

Enjin vs Efinity: How are both differentiated?

Efinity is an NFT platform developed by Enjin platform. With the use of the Efinity platform, traders can create, transfer distribute, buy and sale Non-Fungible tokens. Thus, let us have a brief comparison between Enjin (ENJ) and Efinity (EFI) tokens:

 EfinityEnjin
Major audienceUsers looking for a cross-chain NFT blockchain platform for the purpose of managing their digital assets.Users looking for a blockchain platform to manage their NFTs.
Supported platformsSaaSSaaS, iPhone, Android and iPad
CategoriesBlockchain and NFTNFT, NFT wallets, NFT creators, Crypto wallets and DApp browser.
IntegrationsAsset Vantage, Polkadot, Microsoft Azure and Microsoft 365.Aave, Cointelli, Koinly and unMineable.
Performance in the last one month+1.16x+1.65x
Performance in the last three months-1.26xNo net change

Enjin Price Prediction 2023: Enjin FAQs

How high can Enjin Coin go?

Enjin Coin Price Prediction says that ENJ price is expected to go above an average price level of $10.41 by the end of 2040.

Should I buy Enjin coin?

Enjin coin is in its early stage of development and ENJ’s price is rising & it may rise back to $4+ levels as that of the previous year. Hence, it is a good investment for short-term.

Can Enjin coin reach $100?

Enjin coin needs to grow by 344.82 times to reach $100, keeping in mind its current market price of $0.29.

It took ENJ 42 months to reach its all-time high price of $3.64 in November 2021, where it grew by 182 times. Therefore, it at least needs 6.6 years to reach $100 mark.

What is Enjin coin’s future? Will Enjin Coin rise?

By the end of the next year, ENJ price is expected to go above an average price level of $0.47. Therefore, Enjin Coin is expected to rise.

How much is Enjin Coin’s market cap?

Enjin Coin has a market cap of $296,067,300 at the time of writing.

How To Buy Enjin Coin?

The following are the three easy steps to buy ENJ coins:

  • The first step is to choose one crypto exchange platform (such as Binance, Coinbase etc) and open an account on the chosen platform.
  • The second step is to choose the way through which you wish to purchase the ENJ tokens i.e., using USDT (or fiat) or cryptocurrency and then make a purchase through the chosen crypto exchange.
  • The last step is to store the ENJ coins either on the crypto exchange or crypto wallet. Note that users are advised to store their tokens on crypto wallets only unless they are actively trading on the crypto exchange.

Where Can I Buy ENJ Coin?

Enjin coins can be purchased on numerous crypto exchanges (both centralized and decentralized ones) such as Binance, Coinbase, KuCoin, Kraken, Huobi, Gate.io, UniSwap and balancer.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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