Enzyme Price Prediction 2023-2030: Can MLN Reach $1000?

Latest Enzyme Coin Price

MetricLast 24 HoursTrend
Net Social Media Sentiment1.9%Lower

Enzyme Coin Price Performance so far

  • Last 1 Month: +12.2%
  • Last 12 Months: -10.9%
  • Since Launch (2017): -57.3%

Exchange Dominance – Binance: 52% (Moderately Risky)

Enzyme Price Prediction: Is Enzyme (MLN) a Good Investment?

Enzyme is a comprehensive on-chain asset management system designed to simplify and secure the handling of digital assets, including those from decentralized finance (DeFi). With its user-friendly interface, Enzyme consolidates access to these assets through a singular, unified application.

Enzyme combines a streamlined process with an integrated execution and order management system, offering users the advantage of automated reporting, risk management, administrative tasks, governance protocols, and smooth operations. It provides a risk-reduced environment for managing cryptocurrency, equipped with tools for asset protection and governance. Furthermore, its trading capabilities allow users to establish roles, permissions, and enforceable stop-loss limits, and also incorporate automated KYC features for enhanced security and compliance.

The Enzyme API has been introduced to provide users with a streamlined method to query data from the Enzyme Protocol, including information about vaults, depositors, and assets. Utilizing gRPC technology, the API offers a range of potential applications from real-time vault monitoring to integration with third-party DeFi tools and services.

MLN serves as the utility token for the Enzyme platform, acting as both an access key and a growth facilitator. To gain entry to Enzyme, users must pay a fee in MLN, with the rate set at 0.25% of the managed amount on the platform. Once paid, these MLN tokens are permanently removed or “burned”. On the growth front, Enzyme has the provision to mint up to 300,600 new MLN tokens annually, dedicated to platform development. The allocation of these tokens, which can range from supporting innovative projects to hiring talent, rests with the Enzyme Council. Any new tokens left unused as the year concludes are also burned.

Overall, MLN appears to be a poor case for investment so far.

Enzyme Price Prediction: Can MLN Reach $1000?

In order for MLN to reach $1000, it would need to increase by a factor of 53. At $1000, Enzyme’s Market Cap will be $2.36 Billion. If MLN were to grow at a rate of 25% each year, it would take about 18 years to reach $1000. Let us evaluate this data

  • Quality of Investment- Moderate
  • Growth required to reach $1000- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
  • Market Cap at $1000- Partially Feasible
  • Time required to reach $1000 if it were to rise at 25% per annum- Partially Feasible

Considering the criteria Quality of Investment, growth required and time required, MLN has a decent chance of reaching $1000. However, the actual time to reach that value may vary depending on the market conditions.

Enzyme MLN Price Prediction Tomorrow, Week

UTC: Oct 2nd, 2023 06:24 PM

  • Enzyme Price Prediction in the next 24 hours is between $15.4 and $15.8
  • Enzyme Price Prediction this week is between $15.3 and $15.8

UTC: Oct 2nd, 2023 12:58 PM
Overall OutlookBearish
1. Market's WisdomBearish
1a. Market DataPartially Bearish
1b. Technical RecommendationSell
2. Crowd's WisdomBearish
2a. Social Media BuzzLower
2b. Social Media SentimentLower

Enzyme MLN Price Prediction 2023, 2025 and 2030, Aggregated

  • Enzyme Price Prediction 2023: Enzyme Coin price is forecast to have a minimum price of $17.96, an average price of $26.27, and a maximum price of $30.77.
  • Enzyme Price Prediction 2024: Enzyme Coin price is forecast to hover around a minimum of $33.18, average out at $36.42, and peak at a maximum of $40.57.
  • Enzyme Price Prediction 2025: Enzyme Coin price is forecast to have a minimum of $47.19, average at $50.76, and reach a top price of $56.61.
  • Enzyme Price Prediction 2026: Enzyme Coin’s value is forecast to range between a minimum of $66.37, an average of $72.57, and a high of $76.99.
  • Enzyme Price Prediction 2027: Enzyme Coin price is forecast to have a minimum of $81.56, an average of $88.01, and a peak at a maximum of $97.09.
  • Enzyme Price Prediction 2028: Enzyme Coin price is forecast to witness a low of $112.09, an average of $118.87, and a surge up to $131.44.
  • Enzyme Price Prediction 2029: Enzyme Coin price is forecast to range from a minimum of $160.51, average at $168.94, and peak at $188.06.
  • Enzyme Price Prediction 2030: Enzyme Coin prices are forecast to start at a minimum of $229.39, average at $237.82, and potentially reach a maximum of $272.06.

Where Can I Buy MLN Tokens?

  • Binance
  • KuCoin
  • Kraken
  • Bitfinex
  • Coinbase Exchange

~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 Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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