{"id":4716,"date":"2021-08-31T13:03:09","date_gmt":"2021-08-31T13:03:09","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=4716"},"modified":"2025-12-15T15:51:47","modified_gmt":"2025-12-15T15:51:47","slug":"enjin-coin-price-prediction","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/enjin-coin-price-prediction\/","title":{"rendered":"Enjin Coin Price Prediction for & Why You Should Get Some"},"content":{"rendered":"

In the current market cycle, there have been many factors that contributed to the price increase of cryptocurrencies. The institutional interest in Bitcoin brought the entire market more legitimacy. Then, the evolution of the DeFi market provided additional opportunities to make passive income.<\/p>\n

That said, one of the biggest market drivers was the emergence of NFTs<\/a>. Consequently, many blockchains that focus on NFTs have grown considerably in value since the beginning of the cycle. One of these projects is Enjin Coin.<\/p>\n

In this article, we provide a thorough Enjin Coin price prediction. We analyze Enjin Coin\u2019s fundamentals and lay out the pros and cons of this project. Additionally, we cover developments in its ecosystem that could have an impact on the price, as well as the NFT market as a whole.<\/p>\n

Finally, we will apply these findings and combine them with some sound technical analysis to give you the most accurate ENJ price<\/a> prediction possible. So let\u2019s delve in, shall we?<\/p>\n

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What is Enjin Coin?<\/h2>\n

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Enjin Coin was launched in 2017 by co-founders Maxim Blagov and Witek Radomski through a successful ICO that brought in $19 million in funding. The project\u2019s goal appealed to investors as it was one of the first blockchain solutions focusing on gaming.<\/p>\n

The initial idea was to provide a platform where gamers could manage in-game items as NFTs. This would allow them to have proof of ownership of everything they accomplished in their favorite game. Consequently, players could resell their hard-earned items or characters on the open marketplace and make profits through this mechanism.<\/p>\n

Their first functioning product was the revolutionary Enjin wallet. At the time, it was one of few mobile wallets to offer non-custodial management coupled with integrated decentralized exchanges such as Changelly. More importantly, it offered a one-stop shop for managing popular cryptocurrencies, ERC-20 tokens as well as NFTs created on its protocol.<\/p>\n

Next came the SDKs, which allowed developers to integrate Enjin NFTs into their games. However, there was one major advancement that separated Enjin from other projects of its type.<\/p>\n

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How did Enjin innovate the NFT ecosystem?<\/h3>\n

Enjin brought one of the biggest advancements to the NFT environment in recent years – the ERC-1155 smart contract protocol<\/a>. Unlike the original ERC-721 protocol<\/a> which allows the creation of non-fungible tokens, ERC-1155 offers the possibility to mint both fungible and non-fungible tokens in the same smart contract.<\/p>\n

This is especially useful in games, as developers can create the in-game currency (e.g. gold coins) to be fungible. At the same time, the blockchain records the other unique items or characters as NFTs.<\/p>\n

The smart contract itself has advanced features, which allows developers to define complex interactions with the NFTs. For example, they can program them so that the owners can rent, combine, loan, or even destroy the NFTs in their possession. This effectively leads to a metaverse where the gaming economy could depend on this type of smart contract alone.<\/p>\n

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How does the ENJ token work?<\/h3>\n

Like with any other cryptocurrency, users can buy and sell Enjin<\/a> to make profits speculating on its price. However, the use cases within its ecosystems are far more interesting. You can use ENJ to:<\/p>\n