Enjin Coin Price Prediction 2022-2026-Will the Price of ENJ Hit $1.81 by the end of 2022?
Enjin Coin was initially launched as an ERC-20 token on the Ethereum blockchain before it was established on mainnnet.
What is Enjin Coin (ENJ)?
Enjin Coin platform enables its users to trade and discover rare NFTs, from gaming items and digital art to collectibles from your favorite brands.
Enjin provides the end-to-end solution needed to launch NFT projects that help you generate new revenue streams and accelerate your company's growth. Developers, businesses, and individuals can build games on the Enjin platform.
Now, we shall consider the Enjin Coin price prediction for the coming years.
Flashback: Fundamental Analysis of Enjin Coin (ENJ)
In an announcement on the Enjin Coin blog, it was stated that the platform had also launched over 100 gaming apps on the Polkadot blockchain. This increase in the number of blockchains where the ENJ can be traded will directly impact the future price of Enjin Coin as a result of improved adoption.
We shall now consider what charts are showing about the Enjin Coin price prediction.
From the 1-day chart above showing the EMA Ribbon indicator for ENJ/USDT, we can deduce that the price of Enjin Coin might dip soon. This is because the EMA ribbon moving average is above the recently formed candlesticks.
The chart above shows the balance of power indicator which is used to determine if a market is controlled by either the buyers or sellers. From the chart for ENJ/USDT, we can see that its BOP value is -0.46. Since it is below 0, it means that the bears are having their way and that the price of Enjin Coin might decrease soon since it also has a negative divergence.
Now, we shall look at the price prediction of Enjin Coin (ENJ) for the coming years.
Enjin Coin Price Prediction in 2022
The price of Enjin Coin (ENJ) is expected to gain at least 15% by the end of June 2022 from its present price from its technical analysis. This means that it will be trading at around $1.62 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that ENJ would trade at least $1.81 by the end of December 2022.
Enjin Coin Price Prediction in 2023
The price of Enjin Coin is expected to gain at least 10% by the end of June 2023 from its present price from its technical analysis. This means that it will be trading at around $1.99 by the end of the first half. Its price is expected to rise by at least 14% in the second quarter. This means that ENJ would trade at least $2.27 by the end of December 2023.
Enjin Coin Price Prediction in 2024
The price of Enjin Coin (ENJ) is expected to gain at least 18% by the end of June 2024 from its present price from its technical analysis. This means that it will be trading at around $2.68 by the end of the first half. Its price is expected to rise by at least 10% in the second quarter. This means that ENJ would trade at least $2.95 by the end of December 2024.
Enjin Coin Price Prediction in 2025
The price of Enjin Coin (ENJ) is expected to gain at least 12% by the end of June 2025 from its present price from its technical analysis. This means that it will be trading at around $3.31 by the end of the first half. Its price is expected to rise by at least 8% in the second quarter. This means that ENJ would trade at least $3.57 by the end of December 2025.
Enjin Coin Price Prediction in 2026
The price of Enjin Coin (ENJ) is expected to gain at least 12% by the end of June 2026 from its present price from its technical analysis. This means that it will be trading at around $4 by the end of the first half. Its price is expected to rise by at least 10% in the second quarter. This means that ENJ would trade at least $4.40 by the end of December 2026.
Now we shall consider different media platforms to see what their forecast is on Enjin Coin (ENJ) price.
Market Sentiments on Enjin Coin (ENJ) Price Prediction
PricePrediction
According to PricePrediction, the coin’s average price could reach $2.22 by the end of 2022 and surge to $61.70 by 2031 which represents a 2679% increase.
DigitalCoin
According to DigitalCoin’s Enjin Coin (ENJ) price prediction, the average price could reach $2 in 2022 which might increase by over 287% by 2031 to trade at $7.74.
CoinQuora
According to CoinQuora price prediction, the average price of ENJ in 2022 could be $4.71, surging by 1598% in four years to trade at $80 in 2026.
Our Enjin Coin (ENJ) Price Prediction
The price of Enjin Coin (ENJ) will trade at at least $1.81 by the end of 2022 and then increase by over 143% in four years' time to trade at $4.40 by the end of 2026.
Conclusion
Enjin Coin (ENJ) long-term investors will enjoy good returns. This is due to the positive outlook of the fundamental analysis, price predictions, and market sentiments.