The future of cryptocurrency is bright, and the Enjin Coin (ENJ) is no exception. With a market cap of over $1 billion, ENJ has a lot of room to grow in the coming years. In order to help investors prepare for this growth, we’ve compiled a list of predictions for the coin’s price in 2021, 2023, and 2025.
Enjin Coin is a cryptocurrency that was created in 2017. The enjin coin price prediction 2025 is the value of the coin by 2025.
Not just aesthetically and technically, but also in terms of how we’ve been able to build whole virtual worlds that entice players into embracing it as a part of their own reality, video games have gone a long way from the days of Pong. The Enjin Network is leading the charge among new-age pioneers looking to transform the industry by developing a decentralized gaming platform that lays the groundwork for genuinely vast ecosystems.
Players may spend their whole lives immersed in a game yet never discover or explore its full depths. Enjin’s main differentiator from its competitors is its strong tools for building a new digital economy, which are developed from one game to the next. The game industry’s interconnectedness of consumers purchasing, selling, collecting, and exchanging digital products and services is already a strong and lucrative element.
While such goods would be useless outside of the game, Enjin utilizes its Enjin Coin (ENJ) to tokenize assets created on its blockchain, thus expanding the possibility for digital things to have real value. Our Enjin Coin price prediction foresees a bright future for this fledgling project, given its potential to transform the already vast gaming industry, both in terms of how games are created and played.
Historical Price Analysis of Enjin Coin
Enjin was established in 2009 and has now proceeded to include blockchain technology into its platform. Enjin Coin was originally built on Ethereum’s ERC-20 standard, but it has now developed into its own, more flexible ERC-1155 standard to better enable transactions across its network of games, platforms, and online apps. They raised $18.9 million in an initial coin offering (ICO) in 2017 to assist finance its future growth.
If you purchased ENJ tokens at the ICO launch price, your potential return-on-investment would be a whopping 642.44 percent, according to CoinMarketCap data. It hit an all-time low not shortly after it became public, trading at $0.01562 on November 2nd, 2017, only a few months after its debut. It soared to an all-time high of $0.49340 on January 7th, 2018, in only two months. Since then, ENJ’s trading has slowed.
Details on the current price, market capitalization, and supply
ENJ coins have maintained somewhat high volatility compared to other cryptocurrencies, according to Messari.io statistics, which is to be anticipated for a lower market-cap asset like Enjin Coin. Enjin Coin is now selling at $0.18056, up 6.97 percent in the last 24 hours (as of January 14th, 2021). In contrast, this is a 63.4 percent drop from the all-time high and a massive 1,055.96 percent increase from the all-time low.
Enjin maintains a total supply limit of 1,000,000,000 ENJ tokens to establish an anti-inflation strategy that encourages users to convert their tokens into digital blockchain assets. Enjin Coin is injected into an asset created and powered by Enjin via a process known as “minting,” which provides digital objects inherent value through tokenization, whether fungible or non-fungible.
The process may potentially be reversed via a process known as’melting,’ which involves destroying a blockchain asset and converting it back into ENJ, thus increasing the scarcity of specific goods. The current circulating supply of Enjin Coin is 823,130,411 ENJ, with a market capitalization of $148,620,541, making it the 104th most valuable cryptocurrency.
Future Price Predictions for Enjin Coin (ENJ)
Since its transition to a blockchain platform in 2017, Enjin has seen extremely healthy and strong growth. There are now over 20 million users on the Enjin network, with one million wallets storing Enjin Coin, 2.1 billion unique assets produced and driven by the Enjin network, and an active marketplace volume of 8.9 million ENJ.
Enjin’s technology, when combined with the growing popularity of video games, as shown by the huge year-over-year increase in player-base growth, is poised to attract even more individuals into its ecosystem. As a result, our Enjin Coin price projection has accumulated a highly optimistic attitude for the future.
Forecast for the Near Future
2021 Enjin Coin Price Prediction
It’s worth noting that Enjin Coin trades in a more volatile market than the other Top-200 market-cap cryptocurrencies, so be careful while investing. However, based on the algorithmic models we discovered, ENJ is still poised to earn significant gains in 2021. People are seeking for more indoor entertainment, and with the gaming industry poised to expand even more, 2021 would be the year to see Enjin stretch its powers.
2023 Enjin Coin Price Prediction
Enjin is planning two significant roadmap upgrades that will enable game creators to further extend their digital economy. Enjin Multiverse is a smart interoperability mechanism that enables objects, statistics, and other data to be exchanged between various Enjin-powered games, even if they were created by separate companies.
Unlike traditional games, Enjin’s Multiverse system would improve an already strong experience by allowing players to carry their favorite tools – such as weapons, armor, cards, or gear – from one game to the next. ENJ’s usefulness is improved by integrating with Enjin’s marketplace and wallet services.
2025 Enjin Coin Price Prediction
Scaling is one of the most difficult issues that blockchain systems face. Because Enjin is based on Ethereum, it suffers from many of the same bottlenecking problems that prohibit it from handling huge quantities of data. It may happen before 2025, but Enjin is already working on a solution with Efinity, their in-house scaling solution.
Its goal is to enable game creators to execute a near-infinite number of transactions inside a game at a cheap cost. As the underlying player-based continuing to try to build and grow their own in-game economies, improving the ease-of-use and convenience of an in-game economy would be a boon for the native ENJ tokens.
Is it a good idea to invest in Enjin Coin?
Even if you ignore the effects of the Covid-19 epidemic and lockdowns, which have resulted in a huge inflow of customers to indoor entertainment services and platforms, the gaming sector is poised for growth.
Every day, major platforms like Steam and Epic add new games to their catalogs, with creators embracing ever-greater immersive technologies that allow you to effortlessly immerse yourself in their virtual worlds. When combined with creators’ strong desire for more frequent monetization of games, Enjin finds itself in an enviable position.
If you’re considering investing in Enjin Coin, as shown by our price prediction predictions, it’s definitely deserving of a high recommendation. The Enjin Network’s decentralized platform entices both users and developers to trade digital assets on a flexible marketplace that can be used in more than just video games and has real-world value.
Through its robust and secure API, developers could quickly create blockchain assets and whole games while simply connecting them with popular gaming engines like as Unity, with little or little need for complicated programming.
Custom characters, in-game perks, usable items like weapons or armor, in-game currencies, digital artwork or other collectible goods, virtual properties like real-estate and living spaces, prizes for online contests, branded goods, one-time or successive personal achievements, and anything else that could be fungible or non-fungible can all be created here.
With Enjin, they may be designed to be inflationary assets that increase in value as your userbase grows, or deflationary assets that become more rare as the network grows.
This support for pay-to-win mechanisms will not only attract new users and improve player retention, but it will also inspire current players to trade more, such as purchasing and selling in-game goods or unique collectibles on an open market. Developers will profit as well, since they will be able to quickly monetize their games with possibly higher effectiveness than conventional disproportionate and unpopular methods like microtransactions.
They may earn fees when players utilize their Enjin-based in-game markets, which have already attracted over 38,000 traders and sold over 500,000 unique assets for 5.9 million ENJ.
Other services developed by Enjin to enhance connection between game creators and their audiences. Enjin Beam is a platform that allows game creators to create unique products or services for their player base, which they can then distribute through social media or inside the game.
They may develop one-of-a-kind blockchain-based assets like in-game items, discounts, early access codes, season tickets, artwork, and more. It’s an exciting task for you as a player to attempt and locate them. Enjin has dispersed over 186,300 assets via 1,300 campaigns with over 59,700 participants thus far.
How Can I Purchase Enjin Coin (ENJ)?
Enjin Coin (ENJ) is the main transaction currency for Enjin’s blockchain-based games, services, and apps. You can find a full list of exchanges that sell Enjin Coin on sites like CoinMarketCap or CoinGecko. Because ENJ is a lower market cap cryptocurrency, it is not widely accepted by exchanges, although it may be found on major exchanges like as Binance, Upbit, BKEX, Bithumb, HitBTC, Bittrex, Crypto.com, KuCoin, or Kyber.
Enjin Coin: Additional Information
Enjin is a decentralized blockchain gaming platform that provides developers with the tools and services they need to create and monetize games, as well as a virtual economy for players to trade in-game goods. Players may easily trade and swap goods inside a game utilizing an Enjin-powered marketplace using the native currency, Enjin Coin (ENJ).
The most distinguishing feature is that, whereas conventional objects in video games have no actual value, Enjin-built games are tokenized with ENJ. This makes it possible for players to make money while playing video games.
Enjin’s platform also allows developers to build their own customized tokens that may be used in conjunction with ENJ and are tailored especially for their games or apps, as befits its target audience.
Enjin has developed a wallet and marketplace interface as an in-between to extract the value of a digitally generated asset further, since we’ve previously covered how they function and are distributed between the developer and the player.
To begin, Enjin Wallet is a safe mobile software for iOS and Android that allows users to save and monitor an unlimited number of wallets. The wallet software enables you to switch between hundreds of different supported tokens that are linked with ENJ, thanks to Enjin’s ability to provide developers with the tools to build their own tokens.
It may also be used to store collectable assets that you’ve accumulated in-game, such as rare cards or goods. You may quickly buy, sell, or store the money you’ve earned by playing games.
The Enjin Marketplace, which operates on their proprietary EnjinX explorer, enables players to find, purchase, and sell those unique assets produced on the platform, is directly connected to the wallet application. To far, 747,500 distinct assets have been traded on the marketplace, resulting in a thriving ecosystem where gamers may earn money just by playing video games.
Individual producers may also utilize Enjin to build their own in-game shops, with a more flexible tool for other blockchains or large platforms to use Enjin to build their own branded store.
Our Enjin Coin price prediction foresees a bright future, given all of Enjin’s potential and strong solutions inside a rapidly expanding sector. With the increasing popularity and frenzy around video games, the increased exposure has also brought to light some of the industry’s and player community’s most pressing problems.
The worry about microtransactions and other greedy monetization techniques like loot boxes or pay-to-win practices is probably the most widely discussed aspect of the problem.
We’ve now arrived at a new conundrum: how can we create a fantastic and immersive virtual gaming environment that allows developers to monetize them more efficiently but also not hurting the player’s bank account excessively? Enjin has attempted to resolve the current problem as well as others.
Its innovative approach lays the groundwork for the gaming community to create a fully decentralized system with fair monetization. Furthermore, both the creator and the user may compete in a virtual environment for hard-won goods with real-world worth. It’s difficult not to get enthusiastic about Enjin, even if you’re not a gamer.
The enjin coin price prediction reddit is a website that predicts the future market value of ENJ.
Frequently Asked Questions
How much will enjin coin be worth in 5 years?
This is difficult to answer as the price of enjin coin will depend on many factors such as how well its used, how much demand there is for it, and how successful the company is.
How high can Zilliqa go?
Zilliqa is a cryptocurrency that has been on the rise in recent months. It is currently trading at around $0.09 per coin.
What does ENJ coin do?
ENJ is a cryptocurrency that powers the Enjin platform. It can be used to purchase gaming items, virtual goods and services on the Enjin website.
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