Enjin was established in 2009 as a for-profit community gaming platform by co-founders Maxim Blagov and Witek Radomski. In 2017, Enjin conducted an initial coin offering (ICO), raising $18.9 million via the sale of ENJ tokens to finance the construction of its new blockchain. Enjin debuted in 2018. Read about Enjin Coin Price Prediction below.
Enjin coin is an ERC-155 and ERC-20 currency that runs on the Ethereum network and enables smart contracts and payments. With a market capitalization of $1 billion, its supply is restricted. Enjin coin is a cryptocurrency designed to promote the creation and use of virtual goods. It is possible to generate cryptocurrencies backed by Enjin money.
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Anyone mining in the Enjin Ecosystem must use Enjin currencies. They withdraw the necessary number of ENJ tokens from their wallets and deposit them in the assets they create. The tokens are removed from the market in this way to create scarcity.
Aside from that, it is the first cryptocurrency to be utilized in a gaming environment. Enjin coin is a cutting-edge cryptocurrency that has the potential to fundamentally alter the video gaming industry if it gains widespread adoption. The blockchain gaming community on the Enjin network has grown to more than 20 million members.
Enjin Price history
On November 1, 2017, the ENJ coin launched on the cryptocurrency market at $0.22. Investors ignored it since it was new to the market. The price began to skyrocket. At the end of 2017, the price has fallen to $0.16.On January 8, 2018, the Enjin token’s price rose to $0.49. It has been listed on the majority of cryptocurrency exchanges as a consequence of its growth.
It hit $0.052 at the end of June, after a period of strong selling pressure. The bears drove the price of the Enjin Coin down, and it ended 2018 at a low of $0.04In the year 2020, the Enjin coin was worth $0.07By the end of 2020, the Enjin coin had reached a market capitalization of $0.13. This also implies a moderate degree of volatility for the Enjin currency.
Enjoy live price data
Enjin Coin is now trading at USD 1.35, with a 24-hour trading volume of USD 116,810,555. Enjin Coin has lost 3.40 percent of its value in the last 24 hours. CoinMarketCap currently ranks 70 with a live market cap of $1,122,851,464 USD. It has a circulating supply of 834,331,121 ENJ coins and a maximum supply of 1,000,000,000 ENJ coins.
Price Forecast for Enjin in 2021
Enjin’s price started at USD 2.01 in 2021 and will continue to grow. Algorand is now trading at USD 2.12 representing a 59.4 percent increase year to date. By the end of 2021, the projected Algorand price is $2.13, representing a rise of 59.72 percent year on year. It is expected that the increase will be 40 percent between now and the end of the year. Hope this will help you invest better after reading Enjin Coin Price Prediction.
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Price Forecast for Enjin in 2022
Enjin’s price is estimated to start at USD 2.58 in 2022. In the mid of 2022, it is predicted that the price of Enjin will be $2.49 and the average change in the price is $87.09. By the end of 2022, the projectedEnjin price is $2.37, representing a rise of 78.72 percent year on year
Price Forecast for Enjin in 2023
Enjin’s price is estimated to start at $3.03 in 2023. In the mid of 2023, it is predicted that the price of Enjin will be $3.49 and the average change in the price is $140.09. By the end of 2023, the projectedEnjin price is $3.07, representing a rise of 126.72 percent year on year
Price Forecast for Enjin in 2024
Enjin’s price is estimated to start at $3.27 in 2024 and the estimated change is 145 percent. In mid of 2024, it is predicted that the price of Enjin will be $2.95 and the average change in the price is $121.09. By the end of 2024, the projected Enjin price is $2.87, representing a down of 112.72 percent year on year
Price Forecast for Enjin in 2025
Enjin’s price is estimated to start at $4.4 in 2025 and the estimated change is 230.85 percent. In mid of 2025, it is predicted that the price of Enjin will be $4.39 and the average change in the price is $230.09. By the end of 2025, the projected Enjin price is $3.51, representing a change of 163.62 percent year on year
Price Forecast for Enjin in 2026
Enjin’s price is estimated to start at $4.98 in 2026 and the estimated change is 274.25 percent. In the mid of 2026, it is predicted that the price of Enjin will be $4.12 and the average change in the price is $209.92. By the end of 2026, the projected Enjin price is $4.63, representing a change of 248.07 percent year on year
Price Forecast for Enjin in 2027
Enjin’s price is estimated to start at $5.15 in 2027 and the estimated change is 287.18 percent. In the mid of 2027, it is predicted that the price of Enjin will be $5.94 and the average change in the price is $346.06. By the end of 2027, the projected Enjin price is $5.91, representing a change of 343.89 percent year on year
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Price Forecast for Enjin in 2028
Enjin’s price is estimated to start at $6.57 in 2027 and the estimated change is 393.32 percent. In the mid of 2027, it is predicted that the price of Enjin will be $5.44 and the average change in the price is $307.34. By the end of 2027, the projected Enjin price is $5.89, representing a change of 340.45 percent year on year
Enjin currency exchange
It is now possible to buy Enjin Coin on a variety of cryptocurrency exchanges, including Binance, Bithumb, Uniswap (V2), and Balancer. In addition to fiat currencies like the US dollar and euro, it is convertible into cryptocurrencies like Bitcoin and Ether as well as stable coins like Tether (USDT) and USD Coin (USDC). It is traded on the spot and futures markets, respectively.
What makes Enjin Apart?
Enjin tokens may be sold or exchanged for ENJ at any time on Enjin’s newly launched marketplace in September 2019. As more custom tokens are produced, more ENJ is removed from the ecosystem, making it scarcer. Enjin Coin operates both on- and off-chain. When an Enjin transaction is completed, a Trusted Platform notifies users’ smart wallets, and the website or game is immediately updated with a placeholder or nontradable version of the digital item until the transaction is confirmed by the Ethereum blockchain. This technology makes Enjin unique from all other coins.
Is Enjin safe to invest in?
Gaming has developed into a multibillion-dollar industry, and the number of mobile apps that can be accessed has increased at an exponential rate. The computer and console gaming markets, on the other hand, are still very much alive and thriving. You may not be aware that there is a huge online market for the trade of virtual goods and in-game money, but it does exist. You must share this article about Enjin Coin Price Prediction to help everyone stay safe.
One of the main concerns of these transactions is their difficulty in executing them fairly and securely. Frequently, a payment processor, such as Paypal, may deny a claim for virtual goods. Without a doubt, establishing whether or not it was delivered is difficult for them. On the other hand, the blockchain provides an immutable ledger that can not only record these transactions but also function as a mediator to enable them to be completed through smart contracts. Additionally, I think that gamers will be ready to grab any opportunity that presents itself as an easy way for them to earn money in a new way from their hobbies.
So you don’t need to have a trust issue investing in this token as it provides a hundred percent guarantee of your money and there is not any risk of scam.
Our suggestions to invest in Enjin
Enjin is a very good investment in the gaming industry. ENJ is an excellent investment that will reward its investors handsomely. Enjin users are creating ENJ-backed digital assets and monetizing them in several ways, from art NFTs to digital coupons to goods that can be utilized in a variety of video games. Enjin’s technology is also being used to tokenize commercial real estate, according to one early adopter.
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The other fact is that such a project allows for the actual possession of virtual goods, as well as the usage of a single currency across many platforms rather than just one. Many apps have tried to bridge the gap between bitcoin and gaming for quite some time, and I believe that investing in Enjin is the correct option at this point.
So in my opinion it is very good to move to invest in Enjin coin either you are from a gaming community or belongs to a company or any type of niche. So go ahead and don’t hesitate to invest in Enjin.
I concluded in this article that Enjin Coin is bringing the benefits of blockchain technology to the $17 billion virtual goods market. The team’s goal is to prevent gaming industry fraud and to give legitimate ownership of virtual products to their owners. The project has widespread popularity due to its creation and backing by gaming giant Enjin.
On the other hand, Enjin still has a great deal to prove. It’s impossible to predict its future success, but based on its current achievements and personnel, Enjin Coin seems to have a bright future ahead of it. So it will be a good decision to invest in Enjin coin. Hope you love reading about Enjin Coin Price Prediction.
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Haley Hayward is an experienced writer at gblogo.com, where she’s credited with more than 200 articles covering everything from entrepreneurial stories to mental health at work.
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Haley holds a Master’s degree in English Literature from the University of Edinburgh, Scotland.