In this guide, we will voice our own and market’s opinion on ENJ future while discussing Enjin price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Enjin.
Now, let’s head into it. Before we delve deep into the Enjin price prediction and answer questions if ENJ is a good investment or not, why will ENJ succeed or fail or why will Enjin price rise or drop, let’s quickly throw a glance at what is ENJ and its to date history.
Enjin Intro
Founded in 2009 and based in Singapore, Enjin is an information technology company with multiple products. Enjin Network, Enjin Wallet, EnjinX, Efinity and Enjin Coin (ENJ).
Enjin Coin is a token on the Ethereum Blockchain. Think of it as a digital coin that you can use across many different websites and online games. It can even be converted into other kinds of digital property like game items or in-game gold.
Enjin Coin platform is made for the game industry. SDKs for multiple languages, wallets and payment platforms will be available and completely open-source. Online gamers can bring or trade their assets from game to game, community to community, growing their digital wallet with real value as they play.
You can buy and trade Enjin coin on many exchanges including the leading platforms like Cex.io, Coinbase and Binance.
Enjin Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
ENJ Price Prediction For The Next 90 Days
Below is a tabular overview of how will ENJ develop in the short-term (for the next 90 days), according to our prediction model:
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Enjin Coin Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
ENJ Price Prediction 2025
Our prediction model sees ENJ reaching $ 1.13 in 2025.
What will ENJ be worth in 5 years?
The price of ENJ in 5 years could lie around $ 0.7418, according to CaptainAltcoin’s prediction model.
Enjin Coin Price Prediction 2030 – 2040
What Enjin Coin will be worth in 2030?
Our forecasting model sees Enjin Coin reaching $2.83 in 2030.
What Enjin Coin will be worth in 2040?
Our forecasting model sees Enjin Coin reaching $5.66 in 2040.
Will Enjin Coin replace / surpass / overtake Bitcoin?
No, Enjin Coin will not replace or overtake BTC.
Is Enjin Coin worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Enjin Coin is worth buying.
Is Enjin Coin a good investment?
Enjin Coin is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Enjin Coin be worth?
For the short-term future, it could reach $0.3184. In the long-term (8-10 years), it could jump to $2.83 or even higher.
Why will Enjin Coin succeed and go up in price?
Enjin Coin has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Enjin Coin rising up to $2.83 in 2030.
Why will Enjin Coin fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
Can Enjin Coin reach $100?
Yes, it is possible that Enjin Coin can reach $100 but only in a distant future, after 2030.
How high will Enjin Coin go?
Our forecasting model sees Enjin Coin price exploding and reaching $5.66 in a distant future.
What is the short-term prediction for Enjin Coin?
Enjin Coin will reach $0.3184 in the next 90 days, which is a 6.4% change over the current price which hovers around $0.3402.
Can Enjin Coin make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Enjin Coin millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Enjin Coin could make you a millionaire.
Enjin Coin Price Prediction Today - What will be the price of Enjin Coin tomorrow?
Enjin Coin will hover around $0.3384 tomorrow.
Can Enjin Coin reach $10?
Yes, Enjin Coin could reach $10 by the end of 2024.
Enjin Future Outlook
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will ENJ be among those 5%?
This is an easy one – ENJ is in a prime position to be one of the top crypto projects with real-world usage for years to come. ENJ in Coin Is The Cryptocurrency Leader In Blockchain Gaming. Gamers are used to spending a lot of time online when they play. In most of the games they play, they are used to buying virtual items of any kind. The idea of tokenizing the economy seems natural to them. In addition, they are curious by nature, which will encourage them to test cryptocurrency projects that are part of their game world.
Enjin Has Big Partnerships With Companies Like Microsoft And Samsung. We must also not forget the partnerships signed in the past by Enjin. The one with Unity is important because Unity is one of the favorite engines for video game developers. Finally, the partnership with PC Gamer is not insignificant either. As a reminder, PC Gamer is the number one media among video game fans. At its regular events around the world, PC Gamer helps spread the word about Enjin Coin to millions of gamers.
Read also:
- Cardano Price Prediction – ADA Price Forecast
- Bitcoin Price Prediction– Future Forecast For BTC Price
- Ethereum Price Prediction – Future Forecast For ETH Price
- Ripple’s XRP Price Prediction: Future Forecast for XRP Price
- Binance Coin (BNB) Price Prediction – Future Forecast For BNB Price
- Solana [SOL] Price Prediction
- Polkadot Price Prediction | DOT Forecast
- Avalanche Price Prediction | AVAX Forecast
- Dogecoin Price Prediction: Future Forecast for DOGE
- Shiba Inu Price Prediction
- Terra (LUNA) Price Prediction | LUNA Price Forecast
- Litecoin Price Prediction | Future Forecast For LTC Price
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
You were so WRONG
I know, right?
Greetings from $2.7 two months later.
Can you do a revision of this now – it’s seems like a writer’s pipedream.