In this guide, we will express our and the market’s opinion on EJ’s future as we discuss Enjin’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Enjin.
Now, let’s get into it.
Before delving into Enjin’s price prediction and answering questions about whether ENJ is a good investment or not, why ENJ will succeed or fail, or why Enjin’s price will rise or fall, let’s quickly take a look at what ENJ is and its history to date.
Founded in 2009 and headquartered 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 currency that you can use on many different websites and online games. It can also be converted into other types of digital properties such as in-game items or in-game gold.
The Enjin Coin platform is made for the gaming industry. SDKs for multiple languages, wallets and payment platforms will be available and completely open-source. Online players can bring or trade their resources from one game to another, from one community to another, growing their digital wallet with real value as they play.
You can buy and trade Enjin coins on many exchanges, including major platforms such as Cex.io, Coinbase, and Binance.
Enjin Price Forecast
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Enjin Coin Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
ENJ Price Prediction 2025
Our forecast model sees ENJ reaching $0.8415 in 2025.
How much will ENJ be worth in 5 years?
The price of ENJ in 5 years could be around $ 0.5631
Enjin Coin Price Prediction 2030 – 2040
How much will Enjin Coin be worth in 2030?
Our forecast model sees Enjin Coin reaching $2.10 in 2030.
How much will Enjin Coin be worth in 2040?
Our forecast model sees Enjin Coin reaching $4.21 in 2040.
Will Enjin Coin replace/surpass/surpass Bitcoin?
No, Enjin Coin will not replace or exceed BTC.
Can Enjin Coin reach $10?
Yes, Enjin Coin could reach $10 by the end of 2022.
Is Enjin Coin worth buying?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, it is worth buying Enjin Coin.
Is Enjin Coin a good investment?
Enjin Coin is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will Enjin Coin be worth?
For the short-term future, it could reach $0.2275. In the long term (8-10 years), it could jump to $2.10 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’s why our prediction model sees Enjin Coin rise to $2.10 in 2030.
Why will Enjin Coin go bankrupt and go down in price?
Cryptographic projects fail for various reasons. Some of the most common are: the 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 a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
Can Enjin Coin reach $100?
Yes, it is possible that Enjin Coin could reach $ 100 but only in the distant future, after 2030.
How high will Enjin Coin go?
Our prediction model sees the price of Enjin Coin explode and reach $4.21 in the distant future.
What is the short-term forecast for Enjin Coin?
Enjin Coin will reach $0.2275 over the next 90 days, which is an 8.2% change from the current price which hovers around $0.2479.
Can Enjin Coin make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become an Enjin Coin millionaire. But 100x price explosions are a common sight in cryptocurrencies, so a $10k investment in Enjin Coin could make you a millionaire.
Enjin Coin Price Prediction Today – What Will Enjin Coin Price Be Tomorrow?
Enjin Coin will hover around $0.2641 tomorrow.
Future prospects of Enjin
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will ENJ be among that 5%?
This is easy: ENJ is in a prime position to be one of the best crypto projects with real-world usage for years to come. ENJ In Coin is the leader of cryptocurrency in blockchain games. Players are used to spending a lot of time online when playing. 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 great partnerships with companies like Microsoft and Samsung. We must also not forget the partnerships signed by Enjin in the past. The one with Unity is important because Unity is one of the favorite engines of video game developers. Finally, the partnership with PC Gamer is also not insignificant. As a reminder, PC Gamer is the number one average among video game enthusiasts. In its regular events around the world, PC Gamer helps spread the word about Enjin Coin to millions of players.