We are excited to announce that we have just hit our first $1 billion value ever for Enjin Coin. We’ve been trying to think of a way to celebrate this momentous occasion. The answer was obvious: create the first ever shirt to celebrate the occasion, and give them away to our community.
Enjin, a blockchain gaming platform, has experienced a massive surge in popularity since September 2018, when its token Enjin Coin (ENJ) was launched. Shortly after its launch, the price of ENJ surged from just $0.01 to $0.32, and it is now up more than 1,000% in the past month. Enjin is known as one of the best ‘use-cases’ for blockchain gaming, and the company has been growing at an exponential rate, with its user base doubling in the past year and counting.
Enjin Coin (ENJ) has proven to be a consistently successful blockchain project over its short lifetime. The coin has experienced months of solid growth and is now preparing for its next milestone: the adoption of atomic swap technology.
- Enjin has surpassed $1.23 as a new all-time high.
- For 2021, a bearish ENJ price forecast is $0.18.
- If the price of ENJ rises over $1.76 in the near future, it might approach $2.
According to CoinGecko, the blockchain gaming currency Enjin Coin has hit a new all-time high of $1.23 today.
ENJ has a market value of about $921 million, which puts it in a strong position. ENJ also has a daily trading volume of approximately $1.33 million on average. Cryptocurrencies are traded on exchanges like as Binance, ZG.com, CoinTiger, VCC Exchange, Upbit, and others.
Is ENJ a smart investment in 2021, given these recent developments? In this ENJ price analysis 2021 post, we’ll discover out.
Price Analysis of Enjin (ENJ)
Enjin’s Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Search Index (RSI) are shown in the graph below (ENJ).
ENJ/USDT price chart with SMA, EMA & RSI (Source: TradingView)
Despite the dramatic market fluctuations in the crypto industry, AVAX has had a strong performance in recent days. In addition, the graph depicts the cryptocurrency’s price rise of almost +238 percent in recent weeks.
Meanwhile, the ENJ’s relative strength index (RSI) has already reached overbought territory. As a result, traders must be cautious since ENJ, as indicated in our Enjin price forecast, may spark a price reversal at any moment.
At the time of writing, the ENJ price was $1.11 on CoinGecko.
Chart of the ENJ/USDT Exchange Rate (Source: TradingView)
- $1.35 is the first level of resistance.
- $1.76 is the second level of resistance.
- Level 1 Support – $0.45
- Level 2 Support – $0.18
The figure above depicts ENJ’s strong performance during the past several days. ENJ is currently on a positive trend. If the current trend continues, ENJ will follow the bulls, breaking over the $1.35 resistance level and climbing to $1.76.
The ENJ may rise beyond its all-time high (ATH) price of $1.23 if the bullish trend continues. In contrast, if investors abandon cryptocurrencies, the bears may seize control. Furthermore, the ENJ price may drop to almost $0.45, indicating a negative warning.
Price Prediction for Enjin (ENJ) in 2021
However, if the crypto bull market continues, ENJ may outperform forecasts. It may even test the $2 psychological barrier if it hits the Fib level of $1.76. However, if the crypto market continues to rise, this may only happen later in the year.
In conclusion, the optimistic Enjin price forecast is $1.76, with the possibility of reaching $2 later in 2021. The bearish Fantom price forecast, on the other side, is $0.18.
Enjin and Metaverseme have integrated non-fungible tokens with augmented reality with the aim of improving users’ gaming experiences. Apart from their objective, Enjin Coin is the first gaming cryptocurrency to get approval from the Japan Virtual Currency Exchange Association (JVCEA).
Disclaimer: The writers’ opinions in this chart are entirely their own. It should not be construed as investment advice.
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Enjin Coin is a cryptocurrency that runs on the Enjin blockchain. It is a gaming cryptocurrency that offers an infinitely scalable gaming platform for the creation of virtual goods, social networks, video games, social gaming, virtual worlds, and real-time gaming. Enjin Coin is the first cryptocurrency designed for the creation of digital goods and connecting real world virtual goods and currencies.. Read more about enjin coin price prediction 2022 and let us know what you think.
Frequently Asked Questions
How high can enj coins?
Enj coins can be used to purchase virtual items in the game.
Why is ENJ going up?
ENJ is going up because the demand for it has increased.
Should I buy enjin coin now?
This is a difficult question to answer. It all depends on what you want out of your enjin coin purchase. If you are looking for a way to invest in the future, then I would say that it is worth buying now.
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