ENJ Coin is an ERC20 token that is more focused on blockchain gaming. As such, the platform is one of the largest gaming networks, supporting over 250,000 players. In addition, players on the platform receive lower fees and avoid fraudulent activity.
Technically speaking, ENJ runs on the Ethereum blockchain. For this reason, encryption must comply with the protocol established by the Ethereum network. The Enjin network also has its own official wallet that backs up virtual goods on trusted platforms.
The network also offers an SDK with multilingual support and trading options for online gamers.
Current Market Status
Based on CoinMarketCap data, ENJ is priced at $2.97 with a 24-hour trading volume of $470,633,490 currently. ENJ can also be located on crypto exchanges such as Binance, Mandala Exchange, OKEx, FTX, and Huobi Global.
Known as one of the most dynamic and digital asset-talkers in the cryptocurrency world. ENJ is trading at +2300% growth over the last 12 months. It is truly an achievement that should not be overlooked in the cryptocurrency world.
If this activity continues, ENJ could rank among the top 70 cryptocurrencies. Indeed, this is possible if the bullish market stays with cryptocurrencies all year round.
In that case, the cryptocurrency’s market cap could be bullish at $2,467,650,855. In fact, it is an amount approved by stockholders around the world.
Price Analysis 2021
Enjin is currently ranked #68 on CoinMarketCap.
As seen above, at the beginning of this move, the ENJ broke out of the bearish trend. This shows that there was a lot of trading volume during that period. Moreover, the ENJ showed a rising scallop pattern over the daily time period.
The Relative Strength Index (RSI) is 59.43, which means ENJ is neither oversold nor overbought. However, this could cause a price reversal at any point. Therefore, traders must trade wisely and not be influenced by market hype. With this in mind, traders can beware and avoid unexpected losses due to drastic fluctuations in the cryptocurrency market.
Since the beginning of 2021, the ENJ price has experienced many bullish moves above its previous price. Moreover, they immediately follow fluctuations and adjustments. With this in mind, in 2021, ENJ will have a competitive market.
2021: ENJ Price Prediction
ENJ may move higher with the bulls, breaking the $5.34 resistance level.
In a nutshell, ENJ’s price could drop to almost $2.6, which is a bearish signal.
Meanwhile, the long-term ENJ price forecast for 2021 is bullish. Surprisingly, there are not many opportunities for ATH (ATH) to cross the $4 mark this year. Moreover, ENJs must overcome many previous psychological resistances to reach new heights.
2022: ENJ Price Prediction
If this bullish trend continues, the Enjin should hit $15 by the end of 2022. In addition, it is expected to grow rapidly to $20 in the first half of 2022. This growth is slowing, however, a major decline is not expected. As upcoming partnerships and developments hit $15, this is quite an optimistic price point, but it’s definitely possible for the foreseeable future.
2023: ENJ Price Prediction
Enjin’s prices can go up to staggering heights, but they rarely reach $30. Also, this is only possible if the market maintains a bullish trend. Also, only if the Enjin cryptocurrency overcomes the level of psychological resistance.
2024: ENJ Price Prediction
According to the latest updates and developments, Enjin price forecasts and new platform project forecasts are updated. Also, it can raise the price of ENJ in the cryptocurrency market. Tthe price can soar to around $50, making it the best investment.
2025: ENJ Price Prediction
Over the next four years, the Enjin price could go up to $80. Obtaining this level for the Enjin may not be too difficult. It may find additional mid-to-long-term targets for buy or sell orders. This indicates that a new ATH is likely to be reached within the next five years, as predicted by the Enjin.
“The views and opinions on this Crypto News Website are solely those of the authors and contributors. These views and opinions do not necessarily represent those of iBaseTrading or its partners.”