If you’re like most people, this article will be exactly what you need before going to bed. Our hope for the future is a brighter one that includes Enjin Coin. With the potential for blockchain-based security and digital payments, we predict a $10 price per token by December 2029.
How can I buy Enjin Coin?
Enjin Coin is a cryptocurrency and operates as a decentralized currency utilizing Blockchain technology. Enjin Coin has low transaction fees, fast confirmations, and no need to trust anyone with money. It’s also easy to access, with a wallet available in many languages.
How is Enjin Coin different from Ethereum?
Enjin Coin uses a customized Ethereum Virtual Machine (EVM) to provide a blockchain-based gaming industry with Turing-complete applications. In Enjin Coin’s own words, this allows them to create “trustless gaming” and enables them to do things that Ethereum cannot. Because of their customizable nature, Enjin Coin has the ability to allow developers of all backgrounds to create apps on the blockchain.
Can I mine Enjin Coin?
Unfortunately, the mining process is closed source and the company has not indicated when it will open. The good news is that you can still mine other cryptocurrencies and then exchange them for Enjin Coin.
How can I install Enjin Coin?
Enjin Coin is currently available on the exchange Binance.com and on the official Enjin website. You can try to download it at https://enjincoin.io/welcome/download-enjin-coin/.
How is Enjin Coin different from Bitcoin?
The Enjin Coin white paper outlines that they’ve made techniques that Bitcoin cannot. One of the examples is the removal of mining. However, a great point to note is that Bitcoin and Enjin Coin are two different currencies with two different purposes. Enjin Coin could be used as a base currency for transactions between games.
How can I use Enjin Coin?
Enjin Coin has many applications on the platform including communities, shops, membership programs, pricing plans and payment methods. The potential for blockchain-based gaming is huge with these applications, which is why we predict that $10 per token by December 2029.
Where can I find more information about Enjin Coin?
The best place to find out more information about the protocol is https://enjincoin.io/. For investors, whitepapers are available on the company’s website. They also have a blog that includes how-to guides, updates and more!
Is Enjin Coin worth investing in?
Enjin Coin is one of the first gaming tokens created for games. With this in mind, $10 by 2029 seems like an incredibly low estimate! The potential for development within gaming and payment solutions makes Enjin Coin an exciting cryptocurrency to hold. Keep a close eye on upcoming events and announcements related to Enjin Coin over the next few months.
What are the risks?
The biggest risk is that Enjin Coin isn’t able to capitalize on the gaming industry. For example, if they can’t get a large number of developers to use their platform; then there may not be enough activity on the blockchain to create a successful business model. The blockchain industry is not easy to get people excited about either, and with only 15 employees, there will be plenty of work for the team over the next few months.
What is the reward?
The reward would be $10 per token by 2029.
Why you should invest in Enjin Coin: Short-term (1 year) price movement of Enjin Coin is shown in the chart below. In general, it is safe to say that the price movement is unpredictable. But I will give you my opinion and prediction on what I think the price of Enjin Coin will be exactly in 2 years time! Here are my projections and assumptions:
Conclusion
As you can see, it is quite hard to predict the price in 2 years. I’m a big fan of Enjin Coin and I believe if they are able to partner with big companies like Amazon, Google, and Facebook then the sky’s the limit! But seeing how hard it is for altcoins to thrive even when partnered with giants and seeing how hard it is for cryptocurrencies to succeed in general… The price of ENJ might go down very tragically. Be careful and good luck! If you don’t want to waste your time on reading more about Enjin Coin, simply visit https://enjincoin.io/.
