Enjin ENJ Price Prediction 2023,2024 to 2030, $100 or more?

ENJ Current Price $0.4183 (33.96 INR)

Enjin (ENJ) Price Statistics

ENJ Price:                      $0.4183 (33.96 INR)

Enjin Rank:                    80

Enjin Market Cap:       $418,210,960 (33,960,821,006.80 INR)

ENJ Volume:                 $167,581,172 (13,609,183,187.53 INR)

Enjin is a firm offering an ecosystem comprising tools to be given to the developers for creating products related to blockchain-based gaming. The platform utilizes the Ethereum blockchain. The native token of Enjin is Enjin Coin (ENJ). Similar to the rest of the crypto tokens, Enjin coin can be traded however additionally pays an attention to NFTs, games, and other diverse assets. The company permits the very convenient development of items and games.

This signifies that the developers can introduce diverse types of material on Enjin Network. ENJ token’s prominent use cases include that it can be utilized to buy and sell the in-game non-fungible tokens on the marketplace of Enjin as well as the rest of the secondary markets. Another top use case of Enjin Coin is that it can be utilized to support non-fungible tokens (NFT). This indicates that those owning NFTs can melt their non-fungible tokens back into ENJ tokens.

Does Enjin (ENJ) Offer a Good Investment Opportunity?

The present market price of Enjin Coin is $0.4183 (33.96 INR). The price of the token has slightly increased in the previous days. Enjin Coin’s value was standing at the $2.8 (227.18 INR) level one year back. Thus, a more than 9-time decrease has taken place in the value of the token. Additionally, several fluctuations took place in the price level in the aftermath. Nonetheless, the ENJ token’s price has gone through almost a 1.6 times slump in the previous 3 months.

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Rarible is considered a prominent rival of Enjin Coin. Its marketplace is focused on creators. It provides RARI tokens to empower consumers. The Rarible consumers can develop NFTs for diverse items taking into account games and artwork-related products. While comparing these two platforms, it is signified that Rarible declined by nearly -7.99 times whereas Enjin dropped by -9.03 times. Looking at a short-term performance comparison indicates that Enjin plunged by -1.67 times during the previous 3 months whereas Rarible fell by -1.09 times.

It is significant to be noted that ENJ is nearly 14 times below the all-time high price thereof. This means that the token has the potential to go up in terms of price. Another important thing is that the NFT market is anticipated to by nearly 33 percent as per the reports. In this way, there is a great opportunity for Enjin and other such projects to collect more value in the next years.

Enjin Price Prediction 2023-2030

Though price forecasts are never completely accurate, adequate analysis and research can offer a prediction close to the actual movement of the price. The 3-month price movement of Enjin describes that the token has fallen by nearly 46%. In 2022’s September, the market price of ENJ was $0.54 (43.81 INR). After that, the token’s price has been witnessing a decline though not consistent.

NFT Market Witnesses a Growth

Digital art has been seeing a lot of increase throughout the world for some of the previous years. Non-fungible tokens (NFTs) are known as blockchain-based digital assets and have gathered a lot of attention recently. In addition to this, several notable platforms have invested in these products. This shows that NFTs have the potential to revolutionize the future of finance.

As per the reports, the market of non-fungible tokens is anticipated to increase by approximately 34% in terms of CAGR by 2028’s denouement. This indirectly implies that the NFT marketplaces-related demand will additionally go up significantly. Enjin Coin is dissimilar to the rest of the crypto tokens as it additionally deals with NFTs, games, as well as the rest of the diverse assets operating on the platform. With the ENJ token, the developers are permitted to conveniently create games as well as related products.

Hence, the expanding market of non-fungible tokens will certainly influence the performance of Ejin Coin’s price with positive results. Apart from that, the ecosystem of Enjin provides a place for the consumers where they can sell as well as purchase NFTs via installing Enjin Wallet. The wallet can be utilized on both iOS as well as Android devices. In this way, the token has a great opportunity to rise more and more as the NFT industry grows.

Enjin Coin Price Prediction for 2023 stands at $0.663 (53.81 INR)

Enjin Coin Price Prediction for 2025 stands at $1.3 (105.52 INR)

ENJ Coin Price Prediction for 2030 stands at $8.0 (649.35 INR)

Enjin Coin Price Prediction for 2040 indicates that the token will likely move above $10.41 on average. $10.04 is the ENJ token’s anticipated minimum price by the year’s denouement. The maximum level to be touched by Enjin Coin in 2040 will be $12.46.

FAQs

Does Enjin Coin Operate as a Gaming Coin?

ENJ is Enjin’s local token. Enjin Network is the flagship offering of Enjin. Enjin network is a social gaming forum that permits consumers to develop websites as well as host stores of virtual items.

What Is Unique about Enjin?

As per Witek Radomski, the co-founder of Enjin, Enjin Coin’s uniqueness is that each token minted through Enjin is straightly supported by ENJ.

Does Enjin Offer a Good Investment Opportunity?

Yes, Enjin offers a good investment opportunity. Nonetheless, the investors must conduct due diligence. They should study the latest information regarding the ENJ token as well as the present price forecasts.

Who Are the Competitors of Enjin?

The prominent rivals of enjin.com include rarible.com, iclanwebsites.com, shivtr.com, guildlaunch.com, guildportal.com, and so on.

Will Enjin CoinReach $100?

If Enjin Coin grows by 344 times, it can reach the $100 mark in comparison with its current price of $0.4183 (33.96 INR). The token took nearly forty-two months to surpass the spot price spot in terms of its price at $3.64. This price was witnessed by ENJ in 2021’s November. Thus, at the moment, the crypto token requires a minimum of 6.6 years to touch the $100 mark.