A while ago I read something about a gamers crypto currency, and since in my opinion GAMING is pre-eminently the way to attract other audiences into crypto, I have a good feeling about it. So today it's time to take a closer look at the ENJIN coin.
Since I am still not a real crypto currency connoisseur, don't expect a review that can fully tell all the ins and outs about ENJIN. Don't expect me to provide a detailed forecast either, because I don't dare to venture into that. I only base myself on what I can find on the internet, and form my own conclusion about it.
But after making that clear, now time to check out ENJIN. And that is certainly interesting!
Because WHAT is ENJIN actually?
The Enjin coin is a currency for the gaming industry. It must become the coin that is used everywhere. Enjin makes it possible to develop your own game with the help of blockchain technology.
The platform is free and anyone can use it. That makes it a strong idea, and with more than 20 million registered gamers and 250,000 affiliated gaming communities, Enjin is no longer a small player. **Enjin's team seems to know very well what they are doing**.
The games are connected to each other!
The strength of this coin is that games are connected to each other. This means that if you find a valuable blockchain item in one game, it will be stored in your wallet and you can use it again in the other game, so to speak.
You can also convert it into value by exchanging it for tokens, which you can then use in another game to purchase an item. The idea of ??these cross game tokens makes Enjin a very powerful technology and I haven't seen anything comparable in crypto currency yet.
However, if you prefer money for your item, you can also convert the value to ENJ coins. These coins can be converted to fiat like all other coins. It makes gaming a playful way to make money in this way.
If you want to sell an in-game item for money without blockchain technology, you may be scammed. The person doesn't pay and you'll never hear from that person again. **With the arrival of the Enjin platform built on blockchain technology, this is impossible**. It is 100% safe and that makes Enjin strong and unique.
Gaming Industry is HUGE
The gaming industry is already huge and is still growing daily. When the industry goes into business with Enjin, this can be very beneficial for the Enjin Coin exchange forecast.
Right now, 1 ENJ is worth around $ 0.18. But if Enjin succeeds in entering into more large collaborations as they recently did with Samsung, it is possible that this price will rise sharply.
This expectation is based on the fact that the gaming industry is huge in itself, and is also growing. The industry had a turnover of 152 billion in 2019. So we don't have to worry about the market and the potential.
Imagine the whole Gaming Industry uses Enjin Network
When we imagine a world where everyone uses the Enjin network, an incredible amount of transactions are made.
With Efinity, Enjin ensures that the transactions that are made on the network go very fast. This is necessary because Enjin is on the Ethereum network, which can cause scalability problems.
Efinity increases scalability so that more transactions can be executed simultaneously.
The items that you convert in-game to Enjin tokens or coins are stored in the Enjin wallet. This is the official wallet where all coins can be stored, but also all your in-game items.
Via this wallet you can also exchange items with other gamers. If you want to have a specific item but you don't know who has that item, you can look it up in the EnjinX. This is the blockchain explorer where you can look up all data.
Besides that Enjin offers many possibilities for the gamer, it also offers possibilities for the developers of games. **Enjin has made Software Development Kits for this**. This means that games can be made on the blockchain.
When Enjin attracts gamers and developers to the platform, this can work out well for the Enjin Coin price and results in a high ENJ price expectation.
Historical Enjin Coin price
The ENJ price appears on the radar for the first time in November 2017. On coinmarketcap you can find that they suddenly shoot up after two months. A huge price increase that ensures that the All time high is reached quickly. On January 7, 2018, the ENJ price reached a value of 0.46 cents.
Enjin's ICO was a great success. Within five months, Enjin had raised $ 22 million worth of Ethereum. The total token supply resulting from this was 80% sold and 20% was divided among the team, the company and investors.
Enjin got off to a flying start. The company that has been around since 2009 quickly made a name for itself in crypto land. After the nice start, however, it also quickly collapsed. However, if we look at the crypto market in general, this is not surprising at all. The entire market fell dramatically at this point and all coins fell far back.
In 2019 Enjin got off the starting blocks again. This had a lot to do with Bitcoin's boom at the time. After everything had leveled off again, Enjin had a quiet period. No crazy peaks or dips and quietly waiting for the next starting shot.
The expectation for the Enj rate for 2020 was 13 cents, we are far over this with about 18 cents now. That again gives a good hope for ENJ. And if we then look further to the forecast for 2025… we see an forecast of about 60 cents. Should ENJ now continue on the same footing as it is now doing… then that expectation could just be adjusted upwards.
Depending on the Gaming Industry
Of course, a lot depends on how the gaming industry is doing, and if games will work with Enjin.
About 22 Games at this moment
At the moment there are about 22 games to download and play via the Enjin Platform that use the Enjin Coin to develop their games and where you therefore use one and the same wallet to store your in-game currency and items. keep. Which can be used in all these 22 games. And in which you can also hunt for blockchain items or the ENJ currency.
Give it a try!
If you have become curious about this, I recommend that you create an account and start playing your first game, or if you are a game developer, then in my opinion the Enjin Platform is also extremely suitable for start with it now and monetize your game. The advantage is that a team works on keeping your in-game currency strong, they also seek out the publicity and get it, so that your game will probably be found better.
My personal opinion
I think there is a potential opportunity here that also puts people in the crypto currency, who normally wouldn't get in. By combining it with the greatest passion of many people, they have a very strong concept. And now hope that they still want to continue to live up to those high expectations.
