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Enjin Coin [ENJ] – Gaming, NFTs and 2021 Price Predictions


Why Enjin Coin (ENJ)? 

Enjin coin with ticker ENJ is an Ethereum-based cryptocurrency and a Singapore-based technology company. The developers build it for gaming communities and also to service blockchain game developers. However, the proliferation of the NFT market increases the demand and utility for the Enjin project.


The company launched its ERC-20 token after the ICO raised about $18.9 million in 2017. It built its own set of blockchain services and tools successfully before releasing an Android version of its blockchain wallet and an iOS version of its Enjin wallet.

As a successor of the ERC-721 developed by Enjin’s CTO Witek Radomski in 2017, Enjin developed an efficient ERC-1155 token standard, focusing on stream line the creation and distribution of NFTs. 

With the ERC-1155 token standard, game editors can convert various assets into tokens, assets like currencies, digital arts, real estate, and other gaming items.

The Enjin system is a complete ecosystem that integrates with the open-source token standard. This application has a unique feature for explorer and non-blockchain participants or professionals for various solutions. 

The Enjin features use both off-chain and on-chain processes also in its applications.

Future of ENJ Token

Ongoing Development on the Enjin – ENJ Github, significant partnerships/collaborations, progress made so far. 

The Enjin project is an open-source project. Its main repo is actively maintained and can be explored at

The following repositories on the Enjin Github page show that there’s been a lot of development on the Enjin ecosystem.

They include the EnjinCraft Plugin, the ERC-1155 sample implementation, and the Enjin token and crowdfund contract that’s forked from the Bancor Protocol.

The EnjinCraft Plugin, which implements the Enjin Java SDK, serves as an example for plugin developers showing how to integrate Enjin blockchain into Minecraft servers.

There are currently three active contributors working on the repo, having 492 commits to all branches.

  • The ERC-1155 Sample Implementation 

This repository has nine active contributors with 92 commits to all branches highlighting significant activity in the Enjin ecosystem.

With that being said, the Enjin project has stood the test of time, and we’ll continue to see new improvements in the space.

Significant partnerships/collaborations, progress made so far

  • Enjin Coin’s Partnerships & Collaborations

The ENJIN project’s significant partners are Blocktree Capital from the United States of America and NueValue Capital from Singapore.

The Enjin platform uses a backend service known as Trusted Cloud. The beauty is in its ability to act as a proxy between the clients and the game servers. Enjin’s Trusted Cloud services links accounts of existing games to block wallet addresses.

A scaling solution called “Efinity” was also developed on the Enjin platform as they say that the games will open channels on the network for top quality speed between smart contracts and the game servers.

Enjin Coin’s NFTs

Non-Fungible Tokens booms as we see big names coming into the crypto market. The NFT provides a range of digital asset opportunities in gaming collectibles, artwork, and real estate in physical and virtual spaces. 

NFT represents the future and digital resource economy that allows users to prove ownership of goods through virtual or physical means via unique tokens recorded on the blockchain.

According to Enjin’s VP operations and communications, Bryana Kortendick, the number of registered users on the Enjin NFT platform has grown over 47,000, and the NFT wallet growth hit 100%as in December 2020.

Jack Dorsey, Twitter CEO, confirms that the non-fungible token (NFT) for his famous first tweet exceeded 2.5 million US dollars during its bid and finally sold for 2.9 million USD.

Some school of thought is less convinced about the NFTs ability to simulate real-world volume like that of the crypto assets. For example, the weekly volume of the NFT market was at 8.2 million US dollars while that of bitcoin weekly traded volume was over 500 billion US dollars as of January.

Enjin Coin (ENJ) 2020/2021 Road map 

As the year was closing out, Enjin’s focus was on developing EnjinX UI redesign, the Efinity scaling, redesigning the Enjin wallet, ongoing enterprise work, and platform improvements.

The focus will be on the Enjin Marketplace and wallet as Enjin’s NFTs see a surge in adoption rate from artists from across the globe.

Enjin Coin’s Competition analysis with similar projects

Competition analysis with similar projects highlights the most valued competitor and the probability of surpassing it. 

The introduction of Enjin coin and its complete ecosystem has given it an edge in the Ethereum cryptocurrency. As of today, it ranks 44 in the market and has 0.12% market dominance.

Enjin’s top competitors include Ethereum, Trustology, Lisk, and Waves Platform. Enjin is a blockchain-based online gaming community creation platform, offering Enjin Coin (“ENJ”), a new cryptocurrency, and a Smart-Contract platform.

ENJ Token 2021 Price Levels and Projections

  • ENJ/USDT Weekly Chart Analysis

ENJUSDT crypto
ENJUSDT chart by TradingView

The ENJUSDT resumed a bullish trend upon exiting the oversold area on November 09, ’20, and entering the overbought zone on January 11, ’21.

A break of the bearish Inside-bar resistance of December 28, ’20 confirmed the increase in buying power and a price explosion decision.

Although the ENJUSDT is in a solid bullish trend as it trades in the overbought area and the RSI has not dipped below the level-30 ever since, we would not recommend a long-term holding ENJUSDT at the current price zone.

Instead, it’ll be a good idea to lock in some profit at this point and scale back into the bullish swing upon an exit of the overbought territory, as illustrated in the image above.

With that being said, if you’re already in a buy position on ENJUSDT, let’s say you bought around 0.22690. Now will be an excellent time to secure your ENJ stash and wait for an impending price correction.

ENJBTC chart by TradingView crypto
ENJBTC chart by TradingView

The weekly chart of the ENJBTC shows massive buy pressure from Bitcoin holders as they scurry for the cryptocurrency for gamers.

Similar to the ENJUSDT, the ENJBTC entered the overbought zone, confirming the bullish uptrend.

The crypto-pair has increased by roughly 339.47% following a breakout of the 0.00001132 resistance.

A correction of the price hike is expected at the current height as we look to scale in if a hidden bullish divergence is formed.

Enjin coin (ENJ) price prediction 2021

Considering the January 25 ’21 and March 15, ’21, high-Low range, we expect the ENJUSDT to correct into the 0.382 (1.40171) and 0.236 (1.00414) Fib-retracement price zone, where the bulls can resume the uptrend to the 10 USD round number level.

Is ENJ token a Good Investment for the future?

As a cryptocurrency for gamers and its expansion into the NFT ecosystem, we believe the ENJ token is an excellent future investment.

However, it is crucial to deploy money management strategies like dollar-cost averaging or fixed fractional money management. 

The ENJ token can still experience a price correction in the mid-term, where we’ll have more confidence to scale into the uptrend.

Market Cap projections and demand/supply scenario

The ENJUSDT trading in the overbought area of the relative strength index indicates an increase in supply. Therefore, we anticipate a correction in the price from the current 3.08459 ATH.

If the ENJUSDT corrects back to the retracement-zones 1.40171 and 1.00414, we expect a 10X surge in the ENJ token market cap where the price would trade above the 10 USD mark.

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The presented content may include the personal opinion of
the author and is subject to market condition.
Do your market research before investing in cryptocurrencies.
The author or the publication does not hold any responsibility
for your personal financial loss.

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