BTC $43875.49 (-7.7%)
ETH $3063.85 (-8.9%)
USDT $1.00 (-0.0%)
BCH $549.50 (-11.%)
BSV $138.94 (-15.%)
LTC $160.13 (-10.%)
BNB $370.28 (-9.8%)
ADA $2.14 (-9.1%)
DOGE $0.21 (-10.%)
BTC $43875.49 (-7.7%)
ETH $3063.85 (-8.9%)
USDT $1.00 (-0.0%)
BCH $549.50 (-11.%)
BSV $138.94 (-15.%)
LTC $160.13 (-10.%)
BNB $370.28 (-9.8%)
ADA $2.14 (-9.1%)
DOGE $0.21 (-10.%)

Enjin Coin Price Prediction – Will ENJ Price Reach $5 By The End Of 2021?

Enjin Coin Price Prediction 2021
  • Bullish ENJ price prediction ranges from $1.53 to $2.2.
  • ENJ prices might also reach $2.63 soon.
  • ENJ bearish market price prediction for 2021 is $1.06.

This Enjin Coin Price Prediction 2021 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.

The cryptocurrency market has started to surge again. There are many virtual assets that surged to a new all-time high during the recent 2021 bull run. In contrast, some digital assets had shown a downtrend as well. As a result, many digital asset investors and traders are confused about whether it is time to hold or sell the digital asset for a good price. This is the same case for ENJ.

Nevertheless, the crypto market is consolidating lately, and most digital assets are losing their previous profits. Is the scenario the same with ENJ price? We’ll find out shortly in this ENJ price prediction 2021 article. But first, let’s have a quick background on what ENJ 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 already have an idea about Enjin Coin, do you think ENJ will be profitable crypto in 2021? Are you already interested to know? Therefore, join me and let us check the charts in this ENJ price analysis and price prediction for 2021.

Enjin Coin (ENJ) Current Market Status

Enjin Coin is one of the most prominent crypto assets in the market today. In fact, crypto was able to record a huge growth rate of over +89% in the past three months. For this reason, ENJ has become one of the most talked-about digital assets in the crypto world.

In terms of its market standing, crypto stands itself as one of the most aggressive cryptocurrencies in CoinGecko. As a result, ENJ price trades at $1.34 with a 24-hour trading volume of $107,982,453.

Now that you already have an idea about what Enjin Coin cryptocurrency is, do you think Enjin Coin is a good investment this year? If you are ready to know, come let us check together this Enjin Coin price prediction and price analysis article.

Enjin Coin (ENJ) Price Analysis 2021

Currently, ENJ holds 74th place on CoinGecko. But will the recent upgrades, development, and changes in the blockchain help the digital asset price to reach higher? Let’s proceed to the charts in this ENJ price prediction article.

ENJ USDT chart showing Symmetrical Triangle pattern
ENJ/USDT chart showing Symmetrical Triangle pattern (Source: TradingView)

In the daily time frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that ENJ has a higher chance of going bullish than bearish.

As shown above, at the beginning of this month, ENJ turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

ENJ USDT Relative Strength Index
ENJ/USDT Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is at 53.1, which means that ENJ is in neither an overbought nor oversold state. However, at any given time this may proceed to a price reversal. 

Therefore, crypto traders must trade wisely and must not be affected by the market hype. Considering all this, traders can be cautious and move away from unexpected losses due to the crypto market’s huge wild swings.

Let us also see the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ENJ.

ENJ USDT 30-day SMA and 50-day
ENJ/USDT 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, ENJ’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away. Taking this into consideration, ENJ has a competitive market this 2021.

Enjin Coin (ENJ) Price Prediction 2021

As shown below in this ENJ price forecast chart, in a smaller time frame, ENJ has shown a bullish uptrend.

ENJ/USDT Price Chart
ENJ/USDT Price Chart (Source: TradingView)

In the above ENJ price forecast, ENJ might push the ENJ price to a bullish state. More so, in the short-to-mid term scenario for our 2021 ENJ price prediction, ENJ has to break the previous Fib retracement level at $2.63. To do this, it has to establish more support at the Fib level at $1.53. If not, bears may gain the upper hand and drag Enjin Coin to their territory.

Enjin Coin (ENJ) Price Prediction 2022

If ENJ’s bullish trend continues, ENJ will reach $3.5 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $4.5. Then this rise will decrease, but no major falls are expected. With upcoming partnerships, and developments reaching $3.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This indicates that ENJ has a high possibility of reaching a new ATH soon.

Enjin Coin (ENJ) Price Prediction 2023

The price of ENJ can move even great heights, however reaching $7. 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 the price surges. 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 $10.

Enjin Coin (ENJ) Price Prediction 2025

In the next four years, ENJ prices could rise up to $15. 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.

Conclusion

ENJ has a great future ahead of it in 2021. With ongoing developments happening within the ENJ ecosystem, as well as in the overall crypto market, we may see ENJ reach new heights. The bullish price prediction of ENJ is $2.63.

Meanwhile, our long-term ENJ price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $4 by 2021 to 2022. However, that will only happen if it breaks past a number of psychological resistances.

Also, if investors have decided that ENJ is a good investment in 2021 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. All the interested traders can simply go to crypto exchanges such as Binance, Crypto.com, and Upbit, to name some.

Will ENJ Surpass its Current ATH?

ENJ is a good investment in 2021. However, ENJ has a high possibility of surpassing its current ATH at about $4 this year.

Is ENJ a good investment?

Yes, it’s very much possible that Enjin Coin might reach $10 in the near future as per the current bullish trend

What will be the Enjin Coin (ENJ) price by 2022?

Enjin Coin (ENJ) price is expected to reach $4.5 by 2022.

What will be the Enjin Coin (ENJ) price by 2023?

Enjin Coin (ENJ) price is expected to reach $7 by 2023.

What will be the Enjin Coin (ENJ) price by 2024?

Enjin Coin (ENJ) price is expected to reach $10 by 2024.

What will be the Enjin Coin (ENJ) price by 2025?

Enjin Coin (ENJ) price is expected to reach $15 by 2025.

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.

Recommended Articles

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.