Blockchain gaming is on the rise. More and more developers are seeing the benefits of hosting their games on one of the many blockchain platforms out there. As the industry continues to grow, there are a few names that continue to stay at the forefront of the blockchain gaming movement.
Enjin – and its native Enjin Coin – is one of those. As a company building blockchain solutions in the gaming industry, many investors are looking toward the Enjin Coin price on a daily basis. Read on to learn more about the Enjin network, its native token, and what it could mean for investors in the future.
Enjin Coin 2030 Price Prediction
One of the key barometers when it comes to the success of a coin is how well pundits feel it will do in the near future. Right now, that means 2030. We know that experts feel bullish about the crypto market right now, but what will the future hold?
When making an Enjin Coin price prediction, experts are pretty optimistic. Given that it is currently trading for about $0.04 per token, it has a lot of room for growth. Though it won’t take off to the degree of a Bitcoin or Ethereum, there is a lot of potential to get on board with.
By January 2030, crypto experts foresee Enjin trading around $0.30-$0.36 per token. It is expected to be on a steady uptick from there, finishing the year in the $0.41-$0.49 range per token. If it manages to hit that level, it would equate to a return on investment of more than 1,000% on the current price.
What is Enjin?
It is important to know the difference between the Enjin network and its Enjin Coin token. At its core, Enjin is a place to create – and distribute, trade, and sell – tokenised digital assets. For now, it has an entrepreneur and gaming focus, with backers using them for digital vouchers, non-fungible tokens (NFTs), and more, particularly across a number of video games.
Initially, the Enjin network was created on the Ethereum blockchain. With an $18.9 initial coin offering (ICO), it has gained substantial backing. In fact, its community management tools were key in helping more than 20 million Minecraft users stay connected, joining like-minded players to one another.
At its core, Enjin is attempting to be the all-in-one tokenisation platform. Project creators have access to a powerful design suite that allows virtually anyone to jump into the blockchain world and begin creating effortlessly.
How Does Enjin Work?
As an ERC-20 token on the Ethereum blockchain, the project is able to handle transactions via smart contracts. It is also one of the first projects that began testing on the Raiden Network, which is basically Ethereum’s version of the Lightning Network. Eventually, Ethereum moved to a custom scaling solution called Efinity. There are a few key features when it comes to Enjin to be aware of.
Efinity. This Ethereum scaling project would make transactions not only faster but also free as well for both ERC-20 and ERC-1155 tokens.
Enjin Beam. This is Enjin’s digital asset distribution system. It gives developers the ability to send thousands of fungible tokens/NFTs by using nothing more than a simple QR code.
Marketplace. The marketplace is currently home to more than 10 million digital items, allowing users to search for, buy, and sell unique and rare blockchain assets.
Multiple SDKs. Enjin is perhaps known for providing a number of software development kits for Java, Godot, Unity, and so many more. This gives potentially millions of developers the simplest way possible to integrate their current projects or to create brand-new ones.
Smart Wallets. Using the blockchain smart wallet, it is possible to link seamlessly to a variety of apps and games. The wallet already has more than one million downloads, helped by the fact that it is one of the most feature-packed digital wallets you will find.
Virtual goods management and creation. Without a doubt, the main feature of Enjin is that it gives users the ability to create and manage their own virtual goods. Developers are able to even launch their own cryptocurrencies backed by the native Enjin Coin. This makes it far easier to add cryptocurrencies and the gaming world as a whole.
What Makes Enjin Unique?
The one thing that really makes Enjin Coin unique is that every token on the Enjin Network that gets minted is backed directly by ENJ. It basically provides real-world liquidity to in-game items. This opens up the potential of blockchain gaming, not to mention crypto-powered and gamified real-world platforms.
The goal of the company is to ensure that the new platform garners more widespread adoption. The idea would be to have millions of digital items backed by ENJ without users even needing to know that it exists.
Users can lock their ENJ tokens in order to mint virtual items within the game environment. This means that players can not only obtain new items but also trade them, use them, or sell them within the Enjin environment for ENJ. The possibilities are growing for both the network and token, though it feels like we are in the early stages of that development.
The Future of Blockchain Gaming?
With the rise of microtransactions and NFTs, Enjin has positioned itself to be one of the leaders of the movement. Being able to seamlessly create, sell, trade, and distribute these tokens is one of the core features of Enjin that has attracted millions of users.
Whether Enjin will be able to continue scaling up—and what kind of impact that will have on the Enjin Coin—remains to be seen. That said, it seems like Enjin has carved out a niche as one of the preeminent names in the space.
