How High Can Enjin Coin Rise By 2028?

Enjin Coin (ENJ) is a project by Enjin, a company that offers a platform for creating and managing blockchain-based gaming products. It allows developers to create, manage, and trade non-fungible tokens (NFT) on the Ethereum blockchain. 

Enjin Coin (ENJ)  is locked inside the NFTs and can be retrieved by destroying them. It gives the NFTs a guaranteed value and makes them scarce and tradable. The native token of Enjin Coin crypto is ENJ which is also used to pay for the fees and services provided on the platform. 

Enjin Coin crypto hovers near the 200-day EMA and is trying to surpass it. The daily price chart illustrates that the ENJ price experienced a bullish surge that started near the $0.2 level. 

The bulls dominated the price trend thus shifting the short-term trend on the optimistic side. The recent price action shows a retest of the 50-day EMA and forms an inclining price trajectory.  

Enjin Coin Price Prediction 2023

The volume analysis elaborates that it has a 24-hour trading volume of $524.80 Million with a rise of 556.36% as compared to the last day. The live market cap of Enjin Coin is $924.79 Million and it ranks 57th among the top cryptos. The volume-to-market cap ratio is 53.66% indicating very high volatility in the market. 

The most optimistic view of analysts expects the price to reach a high of $0.361 by the year-end. The pessimistic outlook of the analysts expects the price to drop to a low of $0.247. 

Enjin Coin Price Prediction 2024

As per the analysts, the most optimistic target that the Enjin Coin price may achieve is $0.445, indicating an upside potential of 59.15% from the CMP. The average analyst price target is $0.404 by the end of 2024. However, the pessimistic view of analysts estimated the price to reach $0.367. 

Enjin Coin Price Prediction 2025

The most optimistic analyst forecast for Enjin Coin crypto expects the price to reach a high of $0.70 with a potential gain of 146.96% from the CMP. The minimum forecasted price by the end of 2026 is $0.487.   

Enjin Coin Price Prediction 2026

The ENJ price may reach a high of $1.009 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.691 by 2026. 

Enjin Coin Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimate the price target of $1.437. The minimum price that Enjin Coin may reach by 2027 is $1.036.

Enjin Coin Price Prediction 2028

On an optimistic note, the Enjin Coin price may advance to a high of $1.966 in the next five years. The price may rise to a minimum of $1.362 by the end of 2028. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.