Enjin Coin: Unlocking the Potential of the Gaming Industry

• Enjin Coin (ENJ) is an ERC-20 token native to the Enjin platform, a gaming community platform.
• The transactions of ENJ are secured in the network by the proof-of-work (PoW) mechanism.
• Enjin Coin (ENJ) Price Prediction 2023 suggests that price might reach $3 soon.

Introduction

Enjin Coin (ENJ) is an ERC-20 token native to the Enjin platform, a gaming community platform with which users and developers can use to mint and create unique in-game NFTs. It was launched in 2017 on the Ethereum blockchain and its transactions are secured through proof-of-work (PoW). Along with ENJ, the Enjin ecosystem also has another token called Efinity token (EFI), which is its governance token. This article will analyze price patterns of ENJ using technical analysis indicators and predict its future movement.

Enjin Coin (ENJ) Current Market Status

At present, Enjin Coin has a market capitalization of $293,860,722, 24 hour trading volume of $15,036,031 and circulating supply of 1 billion ENJ tokens. Its all time high was recorded at $4.85 on November 25 2021 while its all time low stands at $0.01562 on November 03 2017.

Enjin coin 24H Technicals

The 24H technical analysis of Enjin coin reveals that it currently had a 2.6% dip in its price within last 24 hours with current market price standing at 0$2939 according to TradingView data .

EnjinCoin (ENJ) Price Prediction 2023

The bullish prediction for 2023 suggests that the price may reach between 0$3315 – 0$4673 while bearish prediction forecasts 0$1745 as the expected value for same period . To facilitate further understanding , support & resistance levels have been identified along with RVOL , MA & RSI indicators used for predicting future movements . ADX & RVI have also been compared against BTC & ETH prices respectively to forecast potential outcomes .

EninCoin(ENJ) Price Prediction 2024 , 2025 , 2026 – 2030

For long term investments , it is suggested that investors should wait till 2024 when more clarity related to market trends would emerge . Until then predictions suggest that short term investment or trading opportunities could be taken advantage off depending upon individual risk profile & appetite .

Conclusion

This article has provided overall insights about cryptocurrency “Enincoin” along with current market status & short/long term predictions based upon various technical analysis indicators like RVOL ,MA & RSI etc . For long term investors it is suggested they defer till 2024 when more clarity would emerge about this asset class