- Bullish ENJ value prediction is $0.3993 to $1.2673.
- Enjin Coin (ENJ) value may additionally attain $2 quickly.
- Bearish ENJ value prediction for 2023 is $0.2391.
In Enjin Coin (ENJ) value prediction 2023, we use statistics, value patterns, RSI, RVOL, and different details about ENJ to research the long run motion of the cryptocurrency.
Enjin Coin (ENJ) Present Market Standing
| Present Value | $0.419869 |
| 24 – Hour Buying and selling Quantity | $169,204,043 |
| 24 – Hour Value Change | 91% down |
| Circulating Provide | 1,000,000,000 |
| All – Time Excessive | $4.82 (On November 25, 2021) |
(supply: CoinGecko)
What’s Enjin Coin (ENJ)?
Enjin Coin (ENJ) is an ERC-20 token native to the Enjin platform, a gaming neighborhood platform. It was launched in 2017 on the Ethereum blockchain. The transactions of ENJ are secured within the community by the proof-of-work (PoW) mechanism.
ENJ is used to purchase, promote and commerce NFTs within the Enjin ecosystem. Thus, these tokens serve primarily as utility tokens for backing NFTs. Customers and builders can use Enjin (ENJ) to mint and create distinctive in-game NFTs. Together with ENJ, the Enjin ecosystem additionally has one other token referred to as Efinity token (EFI) which is the governance token of the native decentralized Enjin metaverse.
Enjin ecosystem allows customers to make the most of its native blockchain merchandise to create distinctive NFTs for companies and particularly within the gaming business.
Enjin Coin (ENJ) Value Prediction 2023
Enjin Coin (ENJ) holds the 91st place on CoinGecko proper now. ENJ value prediction 2023 is defined beneath with a each day time-frame.
The above chart of Enjin Coin (ENJ) laid out a descending channel sample. Descending channel also called the falling channel. A descending channel is shaped by two parallel trendlines. The higher trendline, which joins the highs, and the decrease trendline, which joins the lows, run parallelly downwards. This sample is the attribute of a bearish market.
Presently, Enjin Coin (ENJ) is within the vary of $0.4125. If the sample continues, the worth of ENJ would possibly attain the resistance ranges of $0.3697, $1.163, $0.5027 and $0.7520. If the pattern reverses, then the worth of ENJ could fall to $0.2329.
Enjin Coin (ENJ) Assist and Resistance Ranges
The chart beneath reveals the help and resistance ranges of Enjin Coin (ENJ).
From the above each day time-frame, we are able to clearly interpret the next because the resistance and help ranges for Enjin Coin (ENJ).
| Resistance Degree 1 | $0.3993 |
| Resistance Degree 2 | $0.7564 |
| Resistance Degree 3 | $1.2673 |
| Assist Degree | $0.2391 |
The charts present that Enjin Coin (ENJ) has carried out a bullish pattern over the previous month. If this pattern continues, ENJ would possibly run together with the bulls overtaking its resistance degree at $1.2673.
Accordingly, if the traders flip towards the crypto, the worth of Enjin Coin (ENJ) would possibly plummet to nearly $0.2391, a bearish sign.
Enjin Coin (ENJ) Value Prediction 2023 — RVOL, MA, and RSI
The Relative Quantity (RVOL) of Enjin Coin (ENJ) is proven within the chart beneath. It’s an indicator of how the present buying and selling quantity has modified over a time period from the earlier buying and selling quantity. Presently, the RVOL of ENJ lies beneath the cutoff line, indicating weak contributors within the present pattern.
Additionally, the Shifting Common (MA) of Enjin Coin (ENJ) is proven within the chart above. Notably, Enjin Coin (ENJ) value lies above 50 MA (short-term), so it’s in an uptrend. Presently, ENJ is in bearish state. Due to this fact, there’s a chance of a reversal pattern of ENJ at any time.
In the meantime, the relative power index (RSI) of the ENJ is 77.74. Which means that Enjin Coin (ENJ) is in an overbought state. Nonetheless, this implies a serious value reversal of ENJ could happen within the upcoming days. So, merchants have to commerce fastidiously.
Enjin Coin (ENJ) Value Prediction 2023 — ADX, RVI
Allow us to now take a look at the Common Directional Index (ADX) of Enjin Coin (ENJ). It helps to measure the general power of the pattern. The indicator is the common of the increasing value vary values. This method makes an attempt to measure the power of value motion within the optimistic and unfavorable instructions utilizing DMI indicators with ADX.
The above chart represents the ADX of Enjin Coin (ENJ). Presently, the ADX of ENJ lies within the vary of 46.5838 and thus, it signifies a robust pattern.
The above chart additionally represents the Relative Volatility Index (RVI) of Enjin Coin (ENJ). RVI measures the fixed deviation of value modifications over a time period. The RVI of ENJ lies above 50, indicating excessive volatility. In actual fact, the RSI of Enjin Coin (ENJ) is at 77.74 thus confirming a possible purchase sign.
Comparability of ENJ with BTC, ETH
The beneath chart reveals the worth comparability between Bitcoin (BTC), Ethereum (ETH), and Enjin Coin (ENJ).
From the above chart, we are able to interpret that the worth motion of ENJ is just like BTC and ETH . This means that when the worth of BTC and ETH will increase or decreases, the worth of ENJ additionally will increase or decreases respectively.
Enjin Coin (ENJ) Value Prediction 2024-2030
Quite a few components are taken into consideration when forecasting costs together with quantity modifications, value variations, market cycles, and comparable cash. Let’s predict the worth of Enjin Coin (ENJ) between 2024 and 2030.
Enjin Coin (ENJ) Value Prediction 2024
With a number of upgrades within the community, Enjin Coin (ENJ) would possibly enter a bullish trajectory. If the coin grabs the eye of main traders, ENJ would possibly rally to hit $6 by 2024.
Enjin Coin (ENJ) Value Prediction 2025
If Enjin Coin (ENJ) sustains main resistance ranges and continues to be acknowledged as a greater funding possibility among the many traders for the subsequent 7 years, ENJ would rally to hit $9.
Enjin Coin (ENJ) Value Prediction 2026
If Enjin Coin (ENJ) sustains main resistance ranges and continues to be acknowledged as a greater funding possibility among the many traders for the subsequent 4 years, ENJ would rally to hit $12.
Enjin Coin (ENJ) Value Prediction 2027
If Enjin Coin (ENJ) sustains main resistance ranges and continues to be acknowledged as a greater funding possibility among the many traders for the subsequent 5 years, ENJ would rally to hit $16.
Enjin Coin (ENJ) Value Prediction 2028
Enjin Coin (ENJ) holds up a robust stance as a greater funding possibility for the subsequent 6 years amid the traits within the highly-volatile crypto market. By driving important value rallies, ENJ would hit $20. in 2028.
Enjin Coin (ENJ) Value Prediction 2029
If traders flock in and proceed to put their bets on Enjin Coin (ENJ), it could witness main spikes. ENJ would possibly hit $23 by 2029.
Enjin Coin (ENJ) Value Prediction 2030
With higher developments within the Enjin Ecosystem, the crypto neighborhood would possibly proceed to put money into ENJ for the subsequent 8 years and drive important value rallies for the token. Therefore, Enjin Coin (ENJ) would possibly hit $26 by 2030.
Conclusion
With steady enhancements within the Enjin community, we are able to say that 2023 is an effective 12 months for ENJ. Because of this, the bullish value prediction of Enjin Coin (ENJ) in 2023 is $1.2673. However, the bearish value prediction of Enjin Coin (ENJ) value prediction for 2023 is $0.2391.
Moreover, with the developments and upgrades to the Enjin ecosystem, the efficiency of ENJ would assist to succeed in above its present all-time excessive (ATH) of $4.82 very quickly. However, it may additionally attain $2 if the traders consider that ENJ is an effective funding in 2023.
FAQ
Enjin Coin (ENJ) is the native cryptocurrency of the Enjin Coin Community. It was launched as an ERC-20 token in 2017. It majorly is deployed in backing the NFTs within the gaming platform related to Enjin.
Enjin Coin (ENJ) has been listed on many crypto exchanges which embrace Binance, Coinbase Change, Bithumb, Kucoin, and Kraken.
With the continuing developments and upgrades inside the Enjin Community platform, Enjin Coin (ENJ) has a excessive chance of reaching its ATH quickly.
On November 25, 2021, Enjin Coin (ENJ) reached its new all-time excessive (ATH) of $4.82.
Enjin Coin (ENJ) appears to be one of many top-gaining cryptocurrencies this 12 months. In accordance with the recorded achievements of Enjin Coin Community previously few months, ENJ is taken into account a very good funding in 2023.
Enjin Coin (ENJ) is without doubt one of the energetic cryptos that continues to keep up its Bullish state. Ultimately, if this bullish pattern continues then Enjin Coin (ENJ) will hit $2 quickly.
Enjin Coin (ENJ) value is anticipated to succeed in $6 by 2024.
Enjin Coin (ENJ) value is anticipated to succeed in $9 by 2025.
Enjin Coin (ENJ) value is anticipated to succeed in $12 by 2026.
Enjin Coin (ENJ) value is anticipated to succeed in $17 by 2027.
Disclaimer: The opinion expressed on this chart is solely the creator’s. It doesn’t signify any funding recommendation. TheNewsCrypto crew encourages all to do their very own analysis earlier than investing.
