Enjin Price Prediction 2023-2030: Can Enjin Coin Reach $100?

Latest Enjin Coin Price

• Last 5 days: +16.9%, Parity*
• Last 30 days: +9.3%, Underperformer*
• Last 6 months: +11.8%, Parity*
• Last 5 days: -71.7%, Parity*

Latest Enjin News

The Enjin team i developing an upcoming marketplace, nft.io, which will include all basic functionalities found in any NFT-related marketplace and the ability to work with Efinity in the future.

Enjin has released its bi-weekly development update.

• The NFT.io marketplace has made several enhancements, including improved beam creation and the addition of 3D model support for tokens
• Enjin Wallet is enabling signing proof on the Enjin Platform
• Enjin Tooling has updated the AMPPHP library version and resolved issues with Graphql GetWalletQuery. It has also added support for Fuel Tank’s blockchain codecs.

Enjin Price Prediction Today

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

Enjin is a blockchain-based platform that provides a suite of tools and services for creating, managing, and trading digital assets. Enjin was created with the aim of enabling developers to easily integrate blockchain technology into their games and applications. Enjin allows developers to create and manage digital assets, such as in-game items, collectibles, and virtual currencies, on the blockchain.

Some Enjin Projects Include –

• VRJam
• Azure Heroes
• Lost Relics
• The Six Dragons
• 9Lives Arena
• Forest Knight

An outline of the NFT Gaming market

The NFT gaming market is a rapidly growing industry that combines blockchain technology and gaming. Here are some relevant statistics:

• In 2021, the NFT market saw a massive surge in popularity, with sales reaching over $10 billion.
• NFT gaming is a significant portion of the overall NFT market, with games like Axie Infinity and Decentraland seeing massive growth in user numbers and revenue.
• According to a report by DappRadar, the top 3 NFT games by user numbers as of September 2021 were Axie Infinity, NBA Top Shot, and Bored Ape Yacht Club.

Use cases for the Enjin coin

• Paying for transactions: ENJ is used to pay for transactions on the Enjin platform, such as creating and managing digital assets and trading them with other users.
• In-game currency: Developers can use ENJ as an in-game currency, allowing players to purchase items and other digital assets within the game.
• Token rewards: Some games and applications may offer ENJ as a reward for completing certain tasks or achieving certain milestones.
• Staking: ENJ can be staked to earn rewards on the Enjin platform.

Enjin overall appears to be a moderate quality of Investment. The reason being this is a very competitive area with players like Polygon Matic, Solana, and Avalanche who may no be specialists in this domain but nevertheless provide some of the tolls necessary for managing gaming NFTs/

Enjin Price Prediction: 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.

Enjin Price Prediction 2023: 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.

Conclusion: Can Enjin Coin reach $1000?

To reach a level of $1000, ENJ requires to grow at a rate of 3448.27x keeping in mind its current price of $0.29.

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.

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.

Note that Enjin is currently outperforming its competitor, but still, it is not practical to wait for 388 years for its price to reach $1000. So, Can Enjin Coin reach $1000? Not sooner, for sure, keeping in mind the current prevailing macroeconomic and liquidity factors.

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.

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:

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.

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.

Here are the predictions

• Enjin Coin Price Prediction 2023 is $0.389

Also Read: Can Enjin Coin reach $1000?

Trust Wallet Token Price Prediction

• Enjin Coin Price Prediction 2025 is $1.6

• Enjin Coin Price Prediction 2030 is $8.1

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.

Enjin provides an ecosystem of interconnected blockchain-based gaming products and Enjin Coin (ENJ) is its native token. The coin is tradable like other cryptocurrencies but also focuses on games, NFTs and other different assets on the platform.

Now, two important questions here are, Can Enjin Coin reach $1000?” and “How much time will it take to reach that value?” Let’s try to find out in this report:

Let us first analyze various factors (such as ENJ’s price movements, its competitors etc) that can help us determine ENJ’s growth rate in the future.

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.