- Bullish ENJ price prediction 2022 is $5
- Skyrocketing price potential of ENJ is $53
Important: This Enjin Coin (ENJ) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their ENJ price forecast outcome differently. Hence, we strongly suggest doing your own research before buying ENJ.
The crypto market continues to experience wild market swings due to different types of events that are happening right now in the world. The US executive order about the crypto regulations in the country is one of the latest news that shook the space. Of course, let us not forget the crisis between Russia and Ukraine, a tension that affects major economies globally including crypto assets.
However, these scenarios do not affect all the crypto assets in the space. There are still some digital assets in the space that remain strong despite these challenges that the world is facing right now. Enjin Coin is one of the crypto assets in the space that keeps its stand against the rapid volatility of the market.
Do you think ENJ will be able to maintain its position against the bearish market and further advance its position this year? Don’t worry; we got you. We did an analysis that could help you check if ENJ is potential crypto to invest in this year.
Enjin Coin (ENJ) Overview (At the time of writing)
|Cryptocurrency||Enjin Coin (ENJ)|
What Is Enjin Coin (ENJ)?
Enjin Coin (ENJ) is a crypto asset that utilizes the Ethereum blockchain. Its technology enables its users and investors to easily use non-fungible tokens (NFTs). Furthermore, the crypto is used to directly back the value of NFTs minted within the Enjin ecosystem.
Now that we already have some background about Enjin Coin, do you think ENJ will continue to maintain its top position in the market? Are you already interested? Therefore, join me in this CNL Enjin Coin price prediction from 2022 to 2025.
Enjin Coin (ENJ) Price Prediction 2022
Based on the chart above, Enjin Coin (ENJ) keeps its position within the Arnaud Legoux moving average (ALMA) indicator. This means that the crypto is still in a strategic position in the market. Furthermore, compared to the price performance of the crypto in the last quarter of 2021, ENJ’s price today is still up by +1728%. If this trend keeps on, ENJ may be able to advance and break the resistance level of $2.
If it does, ENJ might be able to gain the favor of the bullish market and soar its position towards the high price of $3.3. Indeed, this is an event favored by investors and traders around the world that support the network.
What’s more, the $3.3 market position of the crypto is just +42% away from the all-time high price of $4.7. Therefore, if the crypto will be able to maintain this trend, there is a big possibility that ENJ will be able to touch the bullish price of $4.7 once again or even extend its position beyond its ATH price level.
However, if ENJ fails to gain the favor of the bullish market, the price of ENJ may decline. Truly, this is a scenario that can cause FUD among its investors in the network.
On the other hand, from the first quarter to the last quarter of 2021, ENJ recorded a growth rate of over +4000%. This price position made the crypto boost its price from $.12 to $4. If ENJ is able to do this great price pump once again, ENJ’s price may reach the skyrocketing price of $53 per crypto. But of course, this price forecast of the crypto still depends on the performance of the bullish market and the behavior of its investors in the network.
The MACD of the crypto is still seen to move above the signal indicator. This means that ENJ is still taking the uptrend position. In other words, traders and investors can continue to trade without fearing any major price drop. But, conversely, if the MACD of ENJ dips and crosses the signal indicator, the price ENJ may begin to fall.
Meanwhile, the crypto’s Relative Strength Index (RSI) is still within the 70/30 range. In short, ENJ is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of ENJ goes beyond the 70/30 range again, traders might experience a bearish scenario with strong volatility.
Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Other Market Prediction for ENJ in 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for ENJ amounts to $1.83.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for ENJ amounts to $2.98.
Market Prediction for ENJ Price 2023, 2024, 2025, and 2026
ENJ price prediction 2023 is up to $2.12 (estimated)
ENJ price prediction 2024 is up to $2.31 (estimated)
ENJ price prediction 2025 is up to $2.92 (estimated)
ENJ price prediction 2026 is up to $2.57 (estimated)
ENJ continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the ENJ price prediction in 2022 amounts to $5. However, this forecast still depends on how the market will treat ENJ in the future.
ENJ is one of the iconic NFT and metaverse token networks in the crypto space nowadays. Through this, we can say that ENJ has the potential to be a good investment in the next months of the year.
The price status of ENJ depends on many different factors, one of which is the current market situation. If ENJ is able to invite more traders and stakers to the platform, there is a big chance that the price of ENJ will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the ENJ network, an event that is very uncontrollable.
The ENJ crypto is one of the most iconic projects in the space. The Digifinex exchange is one of the famous crypto exchanges supporting ENJ crypto.
Yes, ENJ is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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