If you are interested in games and entertainment and are active in this field, you have probably heard the name Enjin Coin digital currency.
Enjin Coin Digital Currency (ENJ) is used in the field of games and entertainment, and because there are many people interested in this field, it is very likely that this digital currency will develop.
In this article, we intend to examine the future of Enjin Coin digital currency and predict its price in the short and long term.
What is Enjin Coin (ENJ)?
Enjin Company is an IT company based in Singapore. The company was founded in 2009 and has produced several different products so far. The company’s products are the Enjin Network, the Enjin Wallet, the EnjinX, the Efinity, and the ENJ Enjin Token.
Kevin Enjin , a token that the network Blockchain ethereum defined. Enjin Coin is used in online games and several different websites. Enjin Coin can be converted into other digital assets such as gaming items or gaming gold.
With the help of the Enjin platform, gamers can transfer or trade their assets in various games and also change their wallet balance while playing.
Enjin Coin is traded in various exchanges such as Bainance, Coin Base and Cex.io. With so many gamers around the world, the future of Enjin Coin digital currency looks bright. In the following, we will review the price history and development of this digital currency.
Enjin Coin started operating in 2017
Enjin Coin digital currency entered the market in November 2017 at a price of $ 0.024. In the first year, the price of ENJ grew slightly, and by the end of 2017, the price of the Enjin Coin reached about $ 0.14.
The sharp rise and fall of Coin Enjin prices in 2018
In 2018, the price of the Enjin Coin continued to rise slightly, and suddenly reached a level of $ 0.49 in January with a sudden jump in price. But in a short time, the price fell again and at the end of January, the price of Enjin Coin reached 0.25. The downward trend in the price of the Enjin digital currency continued until it reached a sharp decline of $ 0.094 in February, after which it gradually climbed again and at the end of 2018 it was trading at the price of $ 0.04.
In 2019, Enjin Coin experienced another rise and fall in price. Of course, the rise and fall of the price of Coin Enjin was not as severe as in 2018. Enjin Coin jumped to $ 0.24 in March and fell again to $ 0.06. In 2019, the Coin Enjin fluctuated in the price range of 0.06 to 0.15 for several months.
Enjin price in 2020
With the start of 2020 and the news of the release of the Corona virus, the entire digital currency market plummeted. Enjin Coin also fell 0.04, but recovered shortly after. At the end of August, the price of Enjin Coin digital currency reached 0.23, and shortly after, it fell again and traded in the range of 0.11. With the increase in the price of Bitcoin at the end of 2020, the price of the cryptocurrency of the Enjin also increased and reached 0.13.
Enjin price in 2021
As we said, the price of Enjin Coin in early 2021 was in the range of 0.13, which with the rise in the price of digital currencies, the price of Enjin Coin also had an upward trend. Due to the growth of the digital currency market and the trend of NFT tokens (because Enjin Coin is also a kind of NFT token), the price of this digital currency is expected to reach $ 4 and even reach the price range of $ 6 by the end of 2021.
Enjin Coin Digital Currency Price Forecast
The Enjin Coin is a growth-friendly cipher. Enjin Company has good plans to cooperate with other companies. If these plans are implemented, the price of Coin Enjin will continue to rise. Enjin Coin digital currency intends to establish itself as the best digital currency in the gaming industry. Due to the attractiveness and popularity of the gaming industry, the future of ENJ digital currency is bright.
The table below shows the future forecast of the Enjin Coin digital currency and the ENJ token by the end of 2028.
|current price||$ 2.14|
|End of 2021||$ 3.24|
|End of 2022||$ 3.88|
|End of 2023||$ 4.78|
|End of 2024||$ 5.01|
|End of 2025||$ 6.58|
|End of 2026||$ 7.37|
|End of 2027||$ 8.69|
|End of 2028||$ 9.64|
Enjin Coin is an open source platform focused on the gaming industry that can be used to shop online games. Enjin Coin digital currency has had high price fluctuations since its initial launch.
The Enjin Coin started an upward trend at the beginning of 2021, and forecasts indicate that this upward trend will continue. And Enjin Coin can have a great future, especially if it can work with companies and websites that are active in the field of gaming.