Minting the tokens helps with in-game items aids in boosting transparency and turns them into anti-inflationary coins. Also, the coins have a Melting mechanism where a user can demolish the blockchain asset and procure the tokens within. Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Binance sold USDC for another stablecoin — Coinbase CEO – Cointelegraph
Binance sold USDC for another stablecoin — Coinbase CEO.
Posted: Mon, 07 Aug 2023 13:08:21 GMT [source]
ENJ is expected to do well, and investors could see large gains. However, if the crypto market turns bearish, the estimates could go sideways. Before making investment decisions based only on price forecasts, potential investors should undertake a thorough study.
Enjin Coin Predictions
This boosted its price by 38.05% in the next six days to $3.1867 by 26 December 2021. In 2021, Enjin became synonymous with non-fungible tokens (NFTs). However, the project started off as a blockchain ecosystem in 2017. Enjin Coin is tradable on a variety of popular cryptocurrency trading platforms, including BTCC. If ENJ continues its upward trajectory over the next three years, it may overtake all other gaming-focused cryptocurrencies. As a result, it has a chance of becoming one of the top 30 cryptocurrencies.
The value of the cryptocurrency has dropped by 5.25% over the past 24 hours. The ENJ’s market capitalization has jns coin also decreased since yesterday. In contrast to other cryptocurrency projects, the Enjin is truly original.
How does our price prediction for Enjin Coin work?
According to algorithm-based forecasting site WalletInvestor, the Enjin token could reach $2.988 in 2023 and jump to $8.335 by 2027, surpassing its November 2021 all-time high ($4.6858). Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence and never invest or trade money you cannot afford to lose. BigONE Exchange chair in Asia, Anndy Lian, told Capital.com that despite recent downward price action, the Enjin token is one of the top 10 cryptocurrencies in the metaverse space. To date (14 April), over 874m tokens are in circulation, according to data provided by CoinMarketCap.
- 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.
- She is fond of providing innovative contents that tugged her to write for NewsCrypto.
- BigONE Exchange chair in Asia, Anndy Lian, told Capital.com that despite recent downward price action, the Enjin token is one of the top 10 cryptocurrencies in the metaverse space.
- If you’re looking for a good indicator of where ENJ prices are likely to go in 2023 and beyond, you can stop looking now that you’ve found this article.
According to the recorded achievements of Enjin in the past few months, ENJ is considered a good investment in 2023. The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (ENJ) are shown in the chart below. From the above chart, we can analyze and identify the following as resistance and support levels of Enjin Coin (ENJ) for 2023.
Enjin Coin Price Prediction 2030 – 2040
This can be used for basic player-to-player exchanges, with the smart wallet in-game assisting in identifying the relevant item kinds and accepting the deal with a touch or click. It can also be utilized to create an on-chain marketplace for digital items. There will be an online marketplace with over 10 million digital products where users can find, acquire, and sell rare and unusual blockchain assets. ENJ coins or even custom coins can be used to represent digital assets in the market. Enjin (ENJ) is a platform for creating online gaming communities based on the Ethereum blockchain. Players and content creators may effortlessly maintain, sell, and exchange their virtual goods using the Enjin platform.
While the Enjin Coin price is expected to cross $2.59 at the start of January 2022, the estimated maximum price after the year is $3.82. Traders are encouraged to purchase ENJ tokens on cryptocurrency exchanges as a result. However, experts and speculators are always up for the challenge. By 2030, speculators unanimously expect $ENJ to have tripled in value.
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Wallet Investor predicts that the maximum average price of Enjin in 2022 is $4.40. In contrast, analysts at Digital Coin Price are not so optimistic about the Enjin coin (ENJ) price. The analyst put the average value of ENJ at $3.17 by December 2022. To make predictions of the Enjin coin price, it is crucial to review its past performance. Coupled with the massive adoption of Non-Fungible Tokens (NFTs), Enjin coin has experienced more wins than losses. Gamers, developers, and businesses all seem to have adopted the ENJ ecosystem.
However, we need to wait some more months to predict the future of the Enjin coin precisely. If you’re looking for the Enjin Coin Price Prediction or finding the potential of the ENJ Coin, this price forecast can be helpful for you. Our ENJ Coin price forecast is based on a deep technical analysis and the past performance of Enjin. Here we will try to analyze the potential of Enjin (ENJ) Coin in the long term.
The Enjin is an old project with comparatively many new Altcoins. As we have seen on many crypto forums, Enjin is in the market for the long term. Due to the effort of the Metaverse community, Enjin coin prices can skyrocket in upcoming years.
If you’re using a Metamask wallet you can also swap for Enjin Coin from ETH. Due to extremely volatile behavior, many traders use to ask whether Enjin Coin is for the long term or just a pump and dump. As we analyzed the past performance of the Enjin Coin, the Enjin is a promising project due to its Metaverse backing.