Enjin Coin Price Prediction: Will The ENJ Reach --content--.2 By The End Of 2020?

Posted by John Kammy on January 13th, 2021

What is Enjin Coin?

A decision to invest in an Enjin coin should normally come with curiosities concerning future possibilities. Of these possible questions that arise are some relating to the foundation and use case. We shall begin with what an Enjin coin is.

An Enjin coin is essentially a token built on the Ethereum Blockchain. Enjin itself is an IT company that was founded in 2009. The company which is based in Singapore has various ready products like Enjin Network, Enjin Wallet, EnjinX, Efinity, and Enjin Coin (ENJ).

Enjin coin is a cryptocurrency that can be used across various different websites and online games. The coin can also be converted into numerous other digital properties like game items or in-game gold. The coin is virtually made for the game industry.

Enjin Coin Price Today

Enjin Coin price gained about 0.5% within the last 24 hours. With 65% of feelings being bullish on ENJ on Coingecko, the 55th cryptocurrency is currently changing hands at --content--.1775 per coin. 

Within the last 24 hours, Enjin Coin moved a generally bullish momentum to stay above the resistance at the --content--.175 area. The top cryptocurrency is hovering around a market cap of 3.2 million amid a .8 million exchange volumes within the last 24 hours. 

ENJ Coin Technical Analysis

The Enjin ICO token sale took place from Oct 3, 2017, to Nov 1, 2017. With the market decline in Q1 2018, ENJ dropped in February. This hit the prices below --content--.01 USD by mid-March. 

The coin first made the coin market cap list around Nov. 2017 when the crypto market was experiencing a full-blown bull market. At the time, the cryptocurrency was trading at around --content--.05 per unit. 

The coin traded around the --content--.05 area until the end of 2017 and by December, Enjin Coin price was stable around --content--.058. Although alternate ups and downs took turns at market control, Enjin coin price remained steady as a new addition to the flourishing crypto ecosystem.

Into 2018, Enjin coin made a grand entry and gained considerably alongside top cryptocurrencies. By February, Enjin coin price touched its all-time-high price at --content--.48 but took a reversal as the first quarter of the year came to an end. 

A sharp decline escorted Enjin coin price through the --content--.1 area by June of 2018. Further decline supported the price at --content--.05 area for the great of the year. 

In 2019, there was an extensive price consolidation which steadied the price around --content--.05. Initially, prices had risen to around --content--.2 but the bearish markets also pushed prices back downwards to find support below the level. This continued for the rest of 2019 as enjin coin price remained within the --content--.1 perimeter.