Friday, December 2, 2022
 

Enjin (ENJ) Price Prediction: Will ENJ Reach $3 in 2022?

  • Bullish ENJ price prediction ranges from $0.653 to $2.586.
  • ENJ price might also reach $3 this 2022.
  • ENJ’s bearish market price prediction for 2022 is $0.313.

Enjin is an Ethereum-based platform that was started in 2017. Its native token is ENJ and is present in Ethereum and its blockchain.

Enjin investors are bullish on the token since it has a return on investment (ROI) of over 33 times in the past five years. The crypto bubble in 2021 led to an increase in the price of ENJ to its present all-time high (ATH) of $4.85, which was attained in November 2021. Irrespective of the recent crypto winter, ENJ investors are confident that the future of ENJ is bullish.

If you are interested in the future of Enjin (ENJ) and want to know the price analysis and prediction of ENJ for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Enjin (ENJ)?

Enjin is an Ethereum-based platform for fungibles and non-fungible tokens (NFTs) that was launched in 2017. Before its launch in 2017 as a gaming platform, Enjin was started in 2009 as a for-profit company. The co-founders of Enjin are Maxim Blagov and Wetik Radomski.

An initial coin offering was conducted for the Enjin token (ENJ), and $18.9 million was raised for $0.03 per ENJ. The total amount raised was worth 75041 ETH then.

The Enjin platform uses Enjin Coin (ENJ) and Efinity token (EFI). The function of the Enjin Coin (ENJ) is that it enables digital assets like non-fungible tokens (NFTs) to be added to the ecosystem; in contrast, the Efinity token (EFI) is used to fuel its decentralized metaverse platform.

The Enjin platform gives creators the necessary tools to create their own unique NFTs, launch it, and get them sold in the market. Users can also explore the non-fungible tokens by playing games and get rewarded with them.

Some of the top partners of the Enjin network include Binance, Crypto.com, Bloktopia, Microsoft, Spirit Clash, Blockchain.com, CoinMarketCap, Gamerse and others.

Enjin (ENJ) Current Market Status

The maximum supply of ENJ is 1 billion ENJ, while its circulating supply is 1 billion ENJ, according to CoinMarketCap. At the time of writing, ENJ is trading for $0.5296, representing 24 hours increase of 0.67%. The trading volume of ENJ in the past 24 hours is $27.65 million, representing a 21.8% decrease.

Some top cryptocurrency exchanges for trading Enjin (ENJ) are Binance, FTX, Huobi Global, Gate.io, Kucoin and others.

Now that you know what ENJ is and its current market status, we shall discuss the price analysis of Enjin (ENJ) for 2022.

Enjin (ENJ) Price Analysis 2022

Currently, ENJ is ranked in the 71st position on CoinMarketCap. Will developments and upgrades within the Enjin community lead to a rising price of Enjin (ENJ)? We shall see in this CoinEdition price analysis 2022 article.

Enjin (ENJ) Price Analysis- Keltner Channel

ENJ/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
ENJ/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Enjin (ENJ), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of ENJ might be sustained before any reversal would be expected.

Enjin (ENJ) Price Analysis- Relative Strength Index

ENJ/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
ENJ/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Enjin (ENJ) 1day chart of ENJ/USDT is at 43.51.  This shows that ENJ is showing a neutral trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.

Enjin (ENJ) Price Analysis- Moving Averages

NJ/USDT 1-Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
ENJ/USDT 1-Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1day chart of ENJ 200-day and 100-day Moving Average (MA). Presently, ENJ is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Enjin (ENJ) might experience a significant rise or fall in the future.

Enjin (ENJ) Price Prediction 2022

ENJ/USDT 1Day Chart (Source: Tradingview)
ENJ/USDT 1Day Chart (Source: Tradingview)

Looking at the daily chart of ENJ/USDT, the ENJ price was swinging from $0.983 resistance2 to $0.653 resistance1 after touching the support levels of $0.423 and $0.313. It reversed from the support level of $0.423 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term ENJ price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect ENJ to reach $3 in 2022.

Enjin (ENJ) Price Prediction- Resistance and Support Levels

ENJ/USDT 1Day Chart (Source: Tradingview)
ENJ/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of ENJ has increased by 8% in the past seven days. If this price decrease reverses, ENJ could break the $0.653 resistance1 level, move higher to $2.586 at the resistance8 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of ENJ might be dethroned from its present uptrend position. In simpler terms, ENJ might trend below the $0.313 support3 level and even lower in 2022, a bearish signal.

Enjin (ENJ) Price Prediction 2023

If the value of the relative strength index (RSI) of Enjin is above 55 by the end of 2022, it means that the bulls and investors are in charge. This could break into the first half of 2023, making the Enjin (ENJ) price trade around $6 by the end of 2023.

Enjin (ENJ) Price Prediction 2024

The positive sentiment with the news of Bitcoin halving could directly impact the price of Enjin Coin. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same way as a trend in Bitcoin, we could see the price of ENJ trade at $10 by the end of 2024.

Enjin (ENJ) Price Prediction 2025

By the end of 2025, the price of Enjin (ENJ) could rise to $30. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Enjin platform for more developers to use in developing their NFT projects, this price target could be attained.

Enjin (ENJ) Price Prediction 2026

With the number of ENJ hodlers on the increase and the growing sentiment about cryptocurrencies, it has the possibility of holding most of its recent gains and consolidating. Hence, the price of ENJ could trade around $20 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Enjin (ENJ) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of ENJ could surge to $40 by the end of 2027.

Enjin (ENJ) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Enjin (ENJ) could hit $60 by the end of 2028.

Enjin (ENJ) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of Enjin (ENJ) to $120 by the end of 2029.

Enjin (ENJ) Price Prediction 2030

The cryptocurrency market experiences high stability due to the holding activities of early investors so as not to lose the future gains in the price of their assets. We could expect the price of Enjin (ENJ) to trade around $180 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.

Conclusion

As said above, ENJ might reach $3 in 2022 and $180 by 2030 if investors have decided that ENJ is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Enjin (ENJ)?

ENJ is the native coin of the Enjin gaming and NFTs platform. It is an ERC-20 token.

How to buy Enjin (ENJ) Coin?

Like other cryptocurrencies, Enjin (ENJ) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Gate.io, and others.

Will ENJ surpass its present ATH?

NEXO has a low possibility of surpassing its present all-time high (ATH) price of $4.85 in 2022.

When was ENJ launched?

It was launched in September 2017.

What will be the Enjin (ENJ) price by 2023?

Enjin (ENJ) price is expected to reach $6 by 2023.

What will be the Enjin (ENJ) price by 2024?

Enjin (ENJ) price is expected to reach $10 by 2024.

What will be the Enjin (ENJ) price by 2025?

Enjin (ENJ) price is expected to reach $30 by 2025.

What will be the Enjin (ENJ) price by 2026?

Enjin (ENJ) price is expected to reach $20 by 2026.

What will be the Enjin (ENJ) price by 2027?

Enjin (ENJ) price is expected to reach $40 by 2027.

What will be the Enjin (ENJ) price by 2028?

Enjin (ENJ) price is expected to reach $60 by 2028.

What will be the Enjin (ENJ) price by 2029?

Enjin (ENJ) price is expected to reach $120 by 2029.

What will be the Enjin (ENJ) price by 2030?

Enjin (ENJ) price is expected to reach $180 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.

More Crypto Price Predictions:

  • Bullish ENJ price prediction ranges from $0.653 to $2.586.
  • ENJ price might also reach $3 this 2022.
  • ENJ’s bearish market price prediction for 2022 is $0.313.

Enjin is an Ethereum-based platform that was started in 2017. Its native token is ENJ and is present in Ethereum and its blockchain.

Enjin investors are bullish on the token since it has a return on investment (ROI) of over 33 times in the past five years. The crypto bubble in 2021 led to an increase in the price of ENJ to its present all-time high (ATH) of $4.85, which was attained in November 2021. Irrespective of the recent crypto winter, ENJ investors are confident that the future of ENJ is bullish.

If you are interested in the future of Enjin (ENJ) and want to know the price analysis and prediction of ENJ for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.

What is Enjin (ENJ)?

Enjin is an Ethereum-based platform for fungibles and non-fungible tokens (NFTs) that was launched in 2017. Before its launch in 2017 as a gaming platform, Enjin was started in 2009 as a for-profit company. The co-founders of Enjin are Maxim Blagov and Wetik Radomski.

An initial coin offering was conducted for the Enjin token (ENJ), and $18.9 million was raised for $0.03 per ENJ. The total amount raised was worth 75041 ETH then.

The Enjin platform uses Enjin Coin (ENJ) and Efinity token (EFI). The function of the Enjin Coin (ENJ) is that it enables digital assets like non-fungible tokens (NFTs) to be added to the ecosystem; in contrast, the Efinity token (EFI) is used to fuel its decentralized metaverse platform.

The Enjin platform gives creators the necessary tools to create their own unique NFTs, launch it, and get them sold in the market. Users can also explore the non-fungible tokens by playing games and get rewarded with them.

Some of the top partners of the Enjin network include Binance, Crypto.com, Bloktopia, Microsoft, Spirit Clash, Blockchain.com, CoinMarketCap, Gamerse and others.

Enjin (ENJ) Current Market Status

The maximum supply of ENJ is 1 billion ENJ, while its circulating supply is 1 billion ENJ, according to CoinMarketCap. At the time of writing, ENJ is trading for $0.5296, representing 24 hours increase of 0.67%. The trading volume of ENJ in the past 24 hours is $27.65 million, representing a 21.8% decrease.

Some top cryptocurrency exchanges for trading Enjin (ENJ) are Binance, FTX, Huobi Global, Gate.io, Kucoin and others.

Now that you know what ENJ is and its current market status, we shall discuss the price analysis of Enjin (ENJ) for 2022.

Enjin (ENJ) Price Analysis 2022

Currently, ENJ is ranked in the 71st position on CoinMarketCap. Will developments and upgrades within the Enjin community lead to a rising price of Enjin (ENJ)? We shall see in this CoinEdition price analysis 2022 article.

Enjin (ENJ) Price Analysis- Keltner Channel

ENJ/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
ENJ/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Enjin (ENJ), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of ENJ might be sustained before any reversal would be expected.

Enjin (ENJ) Price Analysis- Relative Strength Index

ENJ/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
ENJ/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Enjin (ENJ) 1day chart of ENJ/USDT is at 43.51.  This shows that ENJ is showing a neutral trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.

Enjin (ENJ) Price Analysis- Moving Averages

NJ/USDT 1-Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
ENJ/USDT 1-Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

The chart above shows the 1day chart of ENJ 200-day and 100-day Moving Average (MA). Presently, ENJ is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Enjin (ENJ) might experience a significant rise or fall in the future.

Enjin (ENJ) Price Prediction 2022

ENJ/USDT 1Day Chart (Source: Tradingview)
ENJ/USDT 1Day Chart (Source: Tradingview)

Looking at the daily chart of ENJ/USDT, the ENJ price was swinging from $0.983 resistance2 to $0.653 resistance1 after touching the support levels of $0.423 and $0.313. It reversed from the support level of $0.423 and now going sideways in the market and is expected to be bullish in the coming weeks.

Meanwhile, our long-term ENJ price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect ENJ to reach $3 in 2022.

Enjin (ENJ) Price Prediction- Resistance and Support Levels

ENJ/USDT 1Day Chart (Source: Tradingview)
ENJ/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of ENJ has increased by 8% in the past seven days. If this price decrease reverses, ENJ could break the $0.653 resistance1 level, move higher to $2.586 at the resistance8 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of ENJ might be dethroned from its present uptrend position. In simpler terms, ENJ might trend below the $0.313 support3 level and even lower in 2022, a bearish signal.

Enjin (ENJ) Price Prediction 2023

If the value of the relative strength index (RSI) of Enjin is above 55 by the end of 2022, it means that the bulls and investors are in charge. This could break into the first half of 2023, making the Enjin (ENJ) price trade around $6 by the end of 2023.

Enjin (ENJ) Price Prediction 2024

The positive sentiment with the news of Bitcoin halving could directly impact the price of Enjin Coin. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same way as a trend in Bitcoin, we could see the price of ENJ trade at $10 by the end of 2024.

Enjin (ENJ) Price Prediction 2025

By the end of 2025, the price of Enjin (ENJ) could rise to $30. This is because of the price surge a year after Bitcoin halved. Also, considering that more developments will be introduced into the Enjin platform for more developers to use in developing their NFT projects, this price target could be attained.

Enjin (ENJ) Price Prediction 2026

With the number of ENJ hodlers on the increase and the growing sentiment about cryptocurrencies, it has the possibility of holding most of its recent gains and consolidating. Hence, the price of ENJ could trade around $20 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Enjin (ENJ) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of ENJ could surge to $40 by the end of 2027.

Enjin (ENJ) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Enjin (ENJ) could hit $60 by the end of 2028.

Enjin (ENJ) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of Enjin (ENJ) to $120 by the end of 2029.

Enjin (ENJ) Price Prediction 2030

The cryptocurrency market experiences high stability due to the holding activities of early investors so as not to lose the future gains in the price of their assets. We could expect the price of Enjin (ENJ) to trade around $180 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.

Conclusion

As said above, ENJ might reach $3 in 2022 and $180 by 2030 if investors have decided that ENJ is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Enjin (ENJ)?

ENJ is the native coin of the Enjin gaming and NFTs platform. It is an ERC-20 token.

How to buy Enjin (ENJ) Coin?

Like other cryptocurrencies, Enjin (ENJ) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Gate.io, and others.

Will ENJ surpass its present ATH?

NEXO has a low possibility of surpassing its present all-time high (ATH) price of $4.85 in 2022.

When was ENJ launched?

It was launched in September 2017.

What will be the Enjin (ENJ) price by 2023?

Enjin (ENJ) price is expected to reach $6 by 2023.

What will be the Enjin (ENJ) price by 2024?

Enjin (ENJ) price is expected to reach $10 by 2024.

What will be the Enjin (ENJ) price by 2025?

Enjin (ENJ) price is expected to reach $30 by 2025.

What will be the Enjin (ENJ) price by 2026?

Enjin (ENJ) price is expected to reach $20 by 2026.

What will be the Enjin (ENJ) price by 2027?

Enjin (ENJ) price is expected to reach $40 by 2027.

What will be the Enjin (ENJ) price by 2028?

Enjin (ENJ) price is expected to reach $60 by 2028.

What will be the Enjin (ENJ) price by 2029?

Enjin (ENJ) price is expected to reach $120 by 2029.

What will be the Enjin (ENJ) price by 2030?

Enjin (ENJ) price is expected to reach $180 by 2030.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.

More Crypto Price Predictions:

 

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