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Enjin Coin Price Prediction – Will ENJ Price Hit $5 Soon?

Enjin Coin Price Prediction 2021 Prediction
  • Bullish ENJ price prediction ranges from $3.588 to $4.711
  • ENJ price might also reach $5 soon.
  • ENJ bearish market price prediction for 2022 is $0.918.

This Enjin Coin Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our ENJ price analysis and prediction.

Nowadays, people are showing huge interest in cryptocurrency. In fact, there are many cryptos that surged to a new all-time during this 2021 bull run. In contrast, some crypto also had a downtrend. Consequently, many traders and investors are confused about whether it is time to sell or hold out for a good price. For Enjin, the former may be the case. In fact, Enjin’s price reached a high of $4.85 in November 25th, 2021 according to CoinMarketCap. It has gained 91.8% in the past one year.

Nevertheless, the crypto market is moving sideways lately, and most cryptos are losing their previous profits. Is the scenario the same with Enjin price? We’ll find out shortly in this Enjin price prediction 2022 article. But first, let’s have a look at what Enjin is.

What is an Enjin Coin (ENJ)?

Enjin Coin is an ERC20 token that focuses more on blockchain gaming. Hence, the platform is one of the largest gaming networks that support over 250,000 gamers. Furthermore, gamers inside the platform will experience lower fees and prevent fraudulent activities.

In terms of technology, ENJ runs under the Ethereum blockchain. For this reason, the crypto must follow the protocols set by the Ethereum network. Also, the Enjin network has its own official wallet that supports virtual goods from trusted platforms.

Moreover, the network also provides an SDK with support for multi-languages and payment options assistance to online gamers.

Now that we have an idea about Enjin, do you think ENJ will be profitable crypto in 2022? Or, are you curious to find out? Join me and let us see the charts in this Enjin price analysis and ENJ price prediction.

Enjin Coin (ENJ) Current Market Status

According to CoinMarketCap, the ENJ price is at $1.53 with a 24-hour trading volume of $153,012,779, at the time of writing. ENJ can be found on crypto exchanges such as Binance, Mandala Exchange, OKEx, FTX, and Huobi Global. ENJ is one of the most active and most talked about digital assets in the crypto world. Truly, this is a performance that should not be overlooked in the crypto world.

If this performance keeps going, ENJ might level up its crypto ranking closer to the top 70 cryptos. Indeed, this is possible if the bullish market remains with the crypto throughout the year. If it does, the market capitalization of the crypto may reach the bullish amount of $1,329,132,296. Truly, an amount favored by investors and traders around the world.

Enjin Coin (ENJ) Price Analysis 2022

Currently, Enjin holds 68th place on CoinMarketCap. But will the recent changes and development in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ENJ price prediction article.

ENJ/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

The price of Enjin is moving away from the middle in the Keltner Channel chart above, which could mean that the value might plummet further.

ENJ/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

From the chart above for ENJ/USDT, the relative strength index is 39.87 which mean that the present trend is weak since it lies between 30 and 50.

ENJ/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, since the 100-MA is above the 200-MA, we can deduce the price of Enjin might be bearish in the long term.

Enjin Coin (ENJ) Price Prediction

The chart below shows that Enjin has performed great over the past few days. If this trend continues, ENJ might run along with the bulls, overtaking its $1.616 resistance level and climb higher to $4.711, the 2022 bullish signal.

ENJ/USDT 1Day Chart Showing the Resistance and Support Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ENJ from its uptrend position. In simpler terms, the price of ENJ might plummet to almost $0.918, a bearish signal.

Meanwhile, our long-term ENJ price prediction for 2022 is bullish. Notably, it is not much possible to surpass its current all-time-high (ATH) at about $4.85 this year. Moreover, ENJ can reach new highs only if it breaks many previous psychological resistances.

Enjin Coin (ENJ) Price Prediction 2022

If this bullish trend continues, ENJ will reach $4.711 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.588. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Enjin Coin (ENJ) Price Prediction 2023

The price of ENJ can move even great heights, however reaching $10. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency ENJ breaks past the psychological resistance level.

Enjin Coin (ENJ) Price Prediction 2024

As per the latest upgrades, developments, ENJ price prediction, and new project forecasts of the platform. Moreover, this might boost the price of ENJ in the crypto market, and it will be the best investment as the price can spike and reach around $20.

Enjin Coin (ENJ) Price Prediction 2025

In the next four years, ENJ prices could race up to $50. However, reaching this level could not be so difficult for ENJ as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ENJ has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Enjin Coin (ENJ) Price Prediction 2026

In the next five years, ENJ prices could race up to $80. However, reaching this level could not be so difficult for ENJ as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ENJ has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

ENJ has a bright future ahead of it in 2022. With ongoing developments happening within the ENJ ecosystem, as well as in the overall crypto market, we may see ENJ reach new heights.

Meanwhile, our long-term ENJ price prediction for 2022 is bullish. It has a high possibility of surpassing its current ATH at about $4.85 this year. However, that will only happen if it breaks past a number of psychological resistances.

Bullish ENJ price prediction 2022 is $4.711. As said above, it may even reach $5 if investors have decided that ENJ is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is an Enjin Coin (ENJ)?

Enjin Coin is an ERC20 token that focuses more on blockchain gaming. Hence, the platform is one of the largest gaming networks that support over 250,000 gamers.

How to Buy ENJ Tokens?

Like other digital assets in the crypto world, ENJ can be traded on many exchanges. Users can obtain ENJ tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.

Is ENJ worth buying?

ENJ is considered one of the top-rising cryptocurrencies this year. It is a good investment in 2022. However, traders and investors need to take extra care when trading in cryptocurrencies, as they are extremely volatile.

Will ENJ price reach $5?

ENJ price may reach $5 this year if the crypto keeps pumping its growth rate.

Is ENJ a good investment?

Yes, it’s very much possible that Enjin Coin might reach $5 in the near future as per the current bullish trend.

Will ENJ Surpass its Current ATH?

ENJ is a good investment in 2022. However, ENJ has a high possibility of surpassing its current ATH at about $4.85 this year.

What will be the Enjin Coin price by 2022?

Enjin Coin (ENJ) price is expected to reach $4.711 by 2022.

What will be the Enjin Coin price by 2023?

Enjin Coin (ENJ) price is expected to reach $10 by 2023.

What will be the Enjin Coin price by 2024?

Enjin Coin (ENJ) price is expected to reach $20 by 2024.

What will be the Enjin Coin price by 2025?

Enjin Coin (ENJ) price is expected to reach $50 by 2025.

What will be the Enjin Coin price by 2026?

Enjin Coin (ENJ) price is expected to reach $80 by 2026.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.