This content represents the writer’s opinions and research and is not intended to be taken as financial advice. The information presented is general in nature and may not meet the specific needs of any individual or entity. It is not intended to be relied upon as a professional or financial decision-making tool.
Various new projects come into the crypto ecosystem every single day. Yet, only a few can gain the investors’ attention and see a decent rise in their value. The fact is that the crypto coins need to have a clear roadmap to get investors’ attention in a hyper-competitive market.
As an investor, you need to keep an eye on every new project that has the potential to grow shortly. In 2023, the Enjin coin has made staggering progress, and experts believe it has the potential to grow.
While the Enjin coin continues to ride on the same bandwagon as some top-tier coins, investors need to do technical analysis. It will help them to understand if it is worth investing in the crypto coin or not. However, the volatility makes it difficult to know how the crypto coin will perform in the near future.
So, to help you out, we will cover the price prediction of the Enjin coin for 2023, 2024, 2025, and 2030. With a price analysis and forecast, you can develop a robust strategy to invest in the Enjin coin. But before that, let’s understand this crypto coin’s basic mechanics and statistical overview.
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Enjin Coin Overview
The Enjin coin ranks at 74th position in the list of most valuable coins. As of July 21st, the crypto coin’s value is $0.5849. The Enjin coin has been in the market for nearly five years and has seen massive price spikes in the last couple of years.
The coin’s price has increased by more than 20% in the last seven days, making it an optimal choice for short-term investors. It only has a maximum supply of 895,399,956 coins in the market. Here is a statistical overview of the Enjin coin to help you better understand the coin’s position.
The Enjin coin did see various ups and downs throughout the last two years, making it a volatile investment. Nonetheless, it has helped investors earn a return of 2264.09% from its initial price. Experts believe it can enjoy the same growth in the next few years.
ENJ Price Prediction 2023
We have analyzed findings from multiple algorithm-based price prediction tools to give you a price projection for the Enjin coin in 2023. The average trading price for the Enjin coin is likely to stay at $1.09.
If the bearish trend from 2022 continues to dominate the market in 2023, then the price can reach a minimum of $1.05. On the other hand, a bull run can help push the price of the Enjin coin to the maximum level of $1.30.
Investors must remember that these prices are subject to change due to market conditions, changing sentiments, etc. Therefore, staying updated with the recent developments affecting the crypto market is vital.
ENJ Price Prediction 2024
Experts believe that 2024 is the year where we will see a massive change in the crypto market’s value. Most importantly, the metaverse would play a critical role in boosting the crypto market. Metaverse strongly connects with the crypto markets, and its widespread adoption will impact the coin.
Our technical analysis and extensive market research show that the Enjin coin can reach the maximum level of $1.81. The average trading price will likely stay between $1.55 to $1.60 throughout 2024.
The value of crypto coins is affected by speculations and market sentiments. So if there is negative news, the Enjoin coin will reach a minimum of $1.46. Moreover, we can expect to see more projects like the NFTs. As a result, it can increase the popularity and value of various other coins.
ENJ Price Prediction 2025
By 2025, there is a good chance that many industries will incorporate blockchain technology into their operations. Therefore, it increases the possibility of the crypto coins’ usage as a payment mode. If that happens, it will drive the Enjin coin’s price to the maximum of $2.59 by 2025.
However, these are speculations, and investors should refrain from investing in the coin based on these assumptions. We have analyzed findings from various price prediction tools. These tools show that the average trading price for the Enjin coin will stay around $2.27 throughout 2025.
ENJ Long-term forecast 2030
The volatility and uncertainty make it nearly impossible to predict an accurate price forecast of the Enjin coin for 2030. You can get a slight idea of the possible prices for 2030 by analyzing the projections from the prediction tools.
According to various price prediction tools, the average trading price for the Enjin coin will stay at $13.73 throughout 2030. The maximum value the Enjin coin can reach is $15.90, whereas the minimum value is around $13.35.
ENJ Price Analysis
https://coinmarketcap.com/currencies/enjin-coin/
The Enjin coin’s ICO (initial coin offering) was launched on October 29th, 2017. It was offered at $0.03 to the investors, and the Enjin coin was able to raise twelve million dollars by selling four hundred million Enjin Coin tokens. The coin experienced a massive increase in value during the crypto boom of 2017.
It reached a value of $0.38 by the end of January 2018 before plummeting to $0.17 in the second week of February 2018. The coin’s value surged again in 2021 due to the growing popularity of NFTs, reaching an all-time high value of $4.85 on November 25th, 2021.
However, the coin’s value is seeing a downward trajectory and has lost value by more than 70% in the last nine months. As of July 21st, the Enjin coin is trading at $0.585.
ENJ 2022
In 2022, the digital asset ENJ started at a price of $2.586. It fell through the 200D MA after the market crash on January 5. After recovering to the low of $2.13, the altcoin gained around 12% during the course of the day. On January 24, the price of the altcoin dropped by 46.92%.
An initial price of $2.69 was established during an uptrend, but it fell to $1.401 due to various factors, such as geopolitical tensions and rising inflation. The altcoin then managed to close the previous quarter at $1.945.
Despite the initial positive news about the Enjin coin, it quickly became clear that the industry would not be able to support its digital asset. That’s why the company’s digital token was largely lost during the bear market. Fortunately, a steady climb has resulted in its price stalling at the $0.643 mark.
How to buy Enjin Coin on eToro
Investing in crypto coins requires due diligence and proper analysis to invest in the crypto coins at the right time. Most importantly, you need an easy-to-use platform that allows you to invest in crypto coins without any issues. And that is where the eToro platform comes into play.
It streamlines the entire process of investing in crypto coins. Whether you are a new or an experienced investor, you can use this platform to find coins like Enjin and invest in them. Investors have found this platform much better compared to the other online solutions.
You can enjoy a wide range of features from this platform that will give you a good understanding of the crypto market’s dynamics. Follow the procedure below to open your account.
Step 1: Open an Account
You first need to click on the “Create Account” option to open an online form. You must fill out the form and give all the required information, such as name, number, address, etc.
Step 2: Verify your Account (Email Verification)
Once you fill out the form, you need to submit the email address for your use. The eToro platform will send you a verification email in your inbox. You need to click the “Verify your account” option to move to the next step.
Step 3: Upload ID
The next step entails uploading the relevant documents for the KYC registrations. You don’t need to submit a long list of documents since the platform only requires the following things:
• Bank account statement for the last six months
• Passport or driver’s license
• Utility bill
Step 4: Make a Deposit
Now that your eToro account is set up, you next need to deposit the amount you want to invest in the crypto coins. The platform allows you to deposit funds through your debit/credit card, PayPal account, or wire transfer.
Step 5: Search for Enjin
After depositing the funds in your account, you need to search for the Enjin coin on the eToro platform. You need to click on the “Invest” option to process your transaction
Step 6: Trade Enjin
The platform lets you choose the amount you would like to trade. You can also select the units you prefer for the Enjin coin.
ENJ Price Prediction Conclusion
The various prediction tools show that investing for an extended period can help you earn a good ROI on the Enjin coin. So, it is optimal to have a long-term strategy that allows you to make a decent profit and saves you from price fluctuations and volatility.
Most importantly, investors need to keep an eye on the new restrictions. There has been an increase in the demand to regulate the crypto market. While it might help reduce the volatility in the market to some extent, many investors could see the new regulations as a barrier.
Therefore, staying updated with any development that can impact the crypto market in the long and short run is vital. If you want to invest in the Enjin coin, you need to find out about the coin’s prospects. Learn about the coin’s goal and collaborations to understand how they will influence its value.
FAQs
Here are some frequently asked questions and their answers about the Enjin Coin.
What is the highest predicted trading price of the Enjin Coin in 2023?
Even with the bullish trend, there are still predictions that the Enjin coin will continue to rise in the years to come. Due to the way the price of Enjin USD is moving, it is clear that the digital asset will continue to be supported by this trend. It is expected that the price of ENJ will reach its major resistance level of $4.5.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.
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