Enjin Price

Read everything about the Enjin Price.

Follow the Enjin price in euro

In the above widget, you can see the Enjin price in a simple and interactive chart. It shows the performance of the Enjin over the last day.

Just like the Bitcoin and Ethereum, Enjin is also a cryptocurrency. It can be traded 24 hours a day and 7 days a week, unlike the traditional trading which takes a weekend off.

You can also see in the widget, how the Enjin price has performed over the course of 1 day, 7 days, 30 days, from the beginning of the year (presented by YTD), and since the very first listing (ALL).

ENJ price in euros and dollars

The information given below provides you a perception of the performance of Enjin over the past month and week. Moreover, you can examine the recent market capitalization trends and the highest and lowest prices over the last 24 hours.

By clicking on USD or EUR, you can switch between currencies.

Disclaimer: Please keep in mind that the prices on this page may vary by a few cents because of two different data suppliers. 

The history of Enjins’s price

Enjin is a Singapore based company which was established in 2009. The company has the largest online gaming community. It was started in 2009 and in the beginning years, it didn’t receive that much appreciation. With the advent of time, the company started to grow and received almost 60 million views per month. This led to millions of US dollar transactions every month.

In 2017, the company decided to hold an ICO (Initial Coin Offering: a fundraising campaign for a new cryptocurrency) in which they raised approximately $35 million in the public and private rounds. The team spent the last quarter of 2017 building the mobile smart wallet, platform API, and Java SDK along with a Microsoft plugin.

The trading of the Enjin had a fairly predictable run since its launch in November 2017. It had a huge run-up in December 2017 and early January 2018, before falling throughout 2018 to its current price. News in South Korea reported the partnership between Enjin and Samsung, on first Friday of March 2019. It was later officially announced by the company itself. By this partnership Enjin integrated its technologies into the Galaxy S10 models. That’s why, when Samsung presented S10 at the MCW Barcelona and showcased the Blockchain Keystore feature on the phone, it created a major media buzz and the price of the coin began to surge.

In late 2019, the partnership of Enjin with Microsoft proves the biggest catalyst for Enjin’s bull run. As Microsoft is basically the largest technological colossal in the world, so this partnership allows the investors to boost their confidence on Enjin. The company presented a reward system called Azure Heroes, using the new and fun way to earn Digital collectibles.

Also, back in 2018, Enjin and Ubisoft got into partnership as a part of the Blockchain Game Alliance. Enjin has set up partnerships with several other companies such as PC Gamer, Unity, Arena Match, Hash port, Bancor, Changelly, NRG eSports, and a few others which can provide a good contribution into the project’s success.

Despite all the misfortunes that the world has faced during 2020, Enjin saw an excellent growth rate. During the first two months of 2020, Enjin’s price remains pretty similar to that of the other coins, with small differences.

When the cryptocurrency market rises steeply in February, ENJ surged from $0.07 to $0.15 in a matter of days. The coin then dropped slightly followed by the crypto market in late February. You can see the recovery in the coin’s price at the start of March, but it stopped until the 12th of March arrived. After this the price went up and down until April, the coin hits its yearly peak, a price of $0.22, around May 28^th. The all-time-high observed so far was $0,493384 on January 7, 2018.

Enjin historical prices

The table below shows the historic Enjin values over the past week.

How is the Enjin price established?

Supply and demand is the most important determinant of Enjin’s price as in all cryptocurrencies. For the sake of better understanding, if the supply there are a lot of buyers and less sellers, the price will go up. In the opposite case, when there are a lot of sellers and very few buyers, the price will go down.

Also, the news of media and public sentiment has a big influence on the price of Enjin. The price of the coin takes a dip if gets negative publicity (most of the time). While the price of the same coin increases if gets a high profile media publicity. Moreover, the prices are also manipulated by whales. When the prices shoot up, a big entity is buying ENJ. When the prices fall a whale is selling his coins.

Enjin price prediction

As we are not fortune tellers and it is almost impossible to predict the future Enjin value. A lot depends on the news of the day and market trends. The current dynamics of the market may have the impression that the interest of investors has faded away from the cryptocurrency market, but it is not the case.

From the year 2018, Enjin has been facing declining price trends. And for the investors who were enthusiastic about investing in the Enjin coin, had a big disappointment in 2018. From January 2019 to December 2019, Enjin coin price went up to $0.082479. Currently, the Enjin coin price is fluctuating around $0.17. Experts are optimistic to see an upraise in the price of Enjin by the remaining of 2020.

What do you need to take into account with the Enjin price?

Enjin coin, like all other cryptocurrencies, is a risky investment, so it is not for faint-hearted investors. The price of the coin is constantly rippling back and forth. With such an impulsive and a volatile market, it is hard to predict if you’ll get a return of your investment or not. We often hear the stories of the people becoming overnight millionaires, and at the same time, of people losing thousands of dollars eager to make a quick buck.

To avoid massive losses, only invest in small portions, and keep an attentive eye on the market. But if you have a lot of assets and willing to take some risk then this field is probably interesting to explore for you. Moreover, you should be aware of frauds and hacks in this market. Buyers and sellers trade the coins online, but due to the rise in the popularity of the cryptocurrency market, some of the exchanges are fake. There are some criminals, also, that break into the crypto exchanges, target the wallets and infect people’s computers with malware. So you should take into account some of these points before getting into this market.

And, as always, never invest more money than you’re willing to lose.

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