Enjin Coin price prediction 2024-2030: Can ENJ price reach $10?

Key takeaways:

Our Enjin coin price prediction anticipates a high of $0.2664 by the end of 2024.
In 2025, it will range between $0.3355 and $0.4197, with an average price of $0.3452.
In 2030, it will range between $2.04 and $2.42, with an average price of $2.11.

Enjin Coin (ENJ) is the governance and utility token of the Enjin Blockchain and its accompanying web3 products and services. Users can stake their tokens and earn up to 28% APR on their investment.

The Enjin blockchain is documented to achieve over 5,000 transactions per second and up to 2.2K mints per transaction. It uses a proof-of-stake consensus model.

This article seeks to explore Enjin’s price predictions from 2024 to 2030.

Overview

Cryptocurrency	Enjin coin
Ticker	ENJ
Current price	$0.1832
Market cap	$303,069,435
Trading volume	$21,187,388
Circulating supply	1,654,118,614
All-time low	$0.01562 on Nov 2, 2017
All-time high	$4.85 on Nov 25, 2021
24-hour high	$0.2021
24-hour low	$0.1817

Enjin coin price prediction: Technical analysis

Metric	Value
Volatility (30-day variation)	8.27%
50-day SMA	$0.2082
200-day SMA	$0.3365
Sentiment	Bearish
Fear and Greed Index	71 (Greed)
Green days	17/30 (57%)

Enjin price analysis

Key takeaways:

ENJ has lost volatility this month.
Negative market momentum has also risen over the last 28 hours.

ENJ/USD 1-day chart analysis

ENJ/USD price chart. Image source: Tradingview

The sleeping William Alligator trendlines show that the ENJ has lost volatility this month. The candles are also short, indicating an indecisive market despite higher trading volumes over the last month. The price action is range-bound, with rejection and support levels at $0.2080 and $0.1531, respectively. As ENJ approaches the critical thresholds, market participants are closely watching to see the direction of the next breakout.

ENJ/USD 4-hour chart analysis

The 4-hour chart highlights ENJ’s dip into oversold territory and the preceding reversal. At the time, ENJ had dropped to $0,1351 before reversing to previous highs. The current trend is heading to a decline, as shown by the William Alligator trendlines. Negative market momentum has also risen over the last 28 hours.

ENJ technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value ($)	Action
SMA 3	0.2041	SELL
SMA 5	0.2012	SELL
SMA 10	0.1930	SELL
SMA 21	0.1856	BUY
SMA 50	0.2082	SELL
SMA 100	0.2689	SELL
SMA 200	0.3365	SELL

Daily exponential moving average (EMA)

Period	Value ($)	Action
EMA 3	0.1869	BUY
EMA 5	0.1884	BUY
EMA 10	0.1938	SELL
EMA 21	0.2123	SELL
EMA 50	0.2564	SELL
EMA 100	0.2993	SELL
EMA 200	0.3237	SELL

Is Enjin coin a good investment?

ENJ is very useful in the Enjin ecosystem, making it a good investment for its community. It also offers a 28% return on staking. Most price predictions are optimistic, but they remain victim to market volatility.

What can we expect from ENJ price analysis next?

Enjin’s negative momentum is rising in the shorter timeframes, meaning long traders should brace for more losses. However, the market also signifies bullish reversals in the future.

Why is Enjin down?

The drop in Enjin’s value could be attributed to the general market sentiment, which remained bearish in Q3 2024.

Will Enjin recover?

Enjin is currently bearish and continues to drop lower. An RSI drop below 30 will be critical in sending ETN to previous highs.

Will Enjin reach $0.5?

Yes, Enjin should rise above $0.5 in 2026 and reach a maximum price of $0.5797 during that period.

Will Enjin reach $1?

Yes, Enjin should rise above $1 in 2028. During the period, it will reach a maximum price of $1.19.

Will Enjin reach $10?

Per the Crypopolitan price prediction, it remains unlikely that Enjin will get to $10 before 2030.

Does Enjin have a good long-term future?

According to Cryptopolitan price predictions, Enjin will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.

Recent news/ updates

The Enjin multiverse codex will open on Aug 27, 2024. The feature will expand the utility of NFTs across different applications running on the Enjin blockchain.

Enjin coin price prediction for July 2024

The Enjin price forecast for July is a maximum price of $0.20 and a minimum price of $0.16. The average price for the month will be $0.18.

Month	Potential low ($)	Potential average ($)	Potential high ($)
July	0.16	0.18	0.20

Enjin coin price predictions 2024

For the second half of 2024, Enjin’s price will range between $0.1623 and $0.2664. The average price for the period will be $0.2423.

Year	Potential low ($)	Potential average ($)	Potential high ($)
2024	0.1623	0.2423	0.2664

Enjin coin price predictions 2025-2030

Year	Potential low ($)	Potential average ($)	Potential high ($)
2025	0.3355	0.3452	0.4197
2026	0.4829	0.4967	0.5797
2027	0.7090	0.7289	0.8468
2028	0.9922	1.03	1.19
2029	1.42	1.47	1.73
2030	2.04	2.11	2.42

Enjin coin price prediction 2025

The Enjin ENJ price prediction for 2025 is a high of $0.4197. It will reach a minimum price of $0.3355 and an average price of $0.3452.

Enjin coin price prediction 2026

The Enjin price prediction estimates it will range between $0.4829 and $0.5797, with an average price of $0.4967.

Enjin price prediction 2027

Enjin coin price prediction climbs even higher into 2027. According to the predictions, Enjin’s price will range between $0.7090 and $0.8468, with an average price of $0.7289.

ENJ price prediction 2028

Our analysis indicates a further acceleration in Enjin’s price in 2028. It will trade between $0.9922 and $1.19.

ENJ price prediction 2029

According to the ENJ coin price prediction for 2029, the price of Enjin will range between $1.42 and $1.73, with an average price of $1.47.

Enjin crypto price prediction 2030

According to the Enjin price prediction for 2030, the price of Enjin will range between $2.04 and $2.42, with an average price of $2.11.

ENJ price prediction: Analysts ENJ price forecast

Platform	2024	2025	2026
Digitalcoinprice	$0.39	$0.46	$0.63
Changelly	$0.245	$0.345	$0.497
Gate.io	$0.190	$0.195	$0.201

Cryptopolitan’s ENJ price prediction

Our predictions show that ENJ will achieve a high of $0.2664 in the second half of 2024. In 2025, it will range between $0.3355 and $0.4197, with an average of $0.3452. In 2030, it will range between $2.04 and $.42, with an average price of $2.11. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

ENJ historic price sentiment

According to Icodrops, Enjin presale ended in Q3 2017 at $0.03, raising $12 million. The public sale, in Q4, raised $20.19 million at $0.05.
The ENJ coin started trading on November 1, 2017, at $0.02431.
The coin’s price soon began to make significant strides. By the end of 2017, the value of ENJ had jumped by over 600% to close at $0.1727.
On 7th January 2018, the Price of Enjin rose to a maximum of $0.4934, an increase of over 180% from its previous high.
In early February 2018, the trading ENJ price dropped to $0.09134 but soon gained momentum and rose to $0.1931 by the end of the month. By the end of the year, it had dropped to $0.04.
2019 ENJ assumed a bear run after peaking at $0.19 in Q1. The year closed at $0.07.
It started recovering in 2020 and mooned in 2021. It rose from $0.14 in 2020 to $3.2 in three months.
On November 25, 2021, ENJ recorded its all-time high at $4.85.
The 2022 crypto winter saw the loss of previous gains as it fell to lows of $0.25.
It recovered to $0.48 in Q1 2023 but fell until October at $0.20 when it started recovering. The year closed with ENJ trading at $0.38.
The Enjin blockchain launched in 2023.
Enjin Blockchain contains a claims function that allows migration of ERC-20 ENJ to Enjin Blockchain native ENJ at a 1:1 ratio and migration of ERC-20 EFI at a 4 EFI: 1 ENJ ratio.
In 2024, it peaked at $0.57 in March, after which it corrected. In July, it traded at the $0.2 mark.