Enjin Price Rises 50% to $2.43 – Time To Buy ENJ Coin?

The Enjin price has been on a roll over the past 4 days, rising by at least 50% from 25 October when it was trading at the $1.78 level.

Enjin is now up to the $2.43 mark which is a considerable hike and has to do partially with the sudden interest spike cause by Facebook’s rebranding to META announcement.

Over the next few weeks, those traders buying Enjin can expect to see continuing appreciation as interest in DeFi and NFT’s increases substantially. However, there could also be some downside on the way as profit taking will inevitably take place along the way.

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Short-Term Prediction For Enjin Price: More Upside On The Way?

The Enjin price is currently trading at the $2.40 mark which is a considerable increase over the $1.78 of just a few days ago. It seems that the price appreciation could be down to the rising interest in NFT’s and DeFi, which has exploded due to Facebook’s recent announcement that it is rebranding to Meta.

If a bullish thesis were to continue, then one could expect the Enjin price to continue appreciating all the way up to the $2.75 mark where resistance is to be expected.

However, a full-blown FOMO run based on the exploding interest in NFT could also see Enjin rise to the $3 level although that could take a bit more time.

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Long-Term Price Prediction For Enjin Coin: Metaverse And NFT Interest Should Move Crypto Higher

At present, it does appear that there is considerable upside momentum for the Enjin price. And as interest in NFT’s and deFi in general continues to rise, then the only way appears to be up.

There could be some pitfalls on the way as with all crypto but positive sentiment should definitely continue.

Over a long-term period, the Enjin price should reach the $3 mark and perhaps end the year close to the $4 level. It remains to be seen whether the interest in the metaverse and NFT’s will continue to spike or if it’s just a flash in the pan. With the astronomical sums changing hands, it does not look like NFT’s are going away anytime soon.

Enjin 2nd Annual NFT Awards

Enjin, recently opened nominations for the second annual NFT Awards. Running from today until November 26th, nominations and community voting for the NFT Awards are now open on nftawards.org.

The second edition of the program will celebrate the Metaverse, honoring projects that are driving the future of human experiences through NFTs. The awards ceremony will take place on January 12th, 2022 in Decentraland.

Witek Radomski, Co-founder & CTO of Enjin and NFT Awards judge, said, “We established the annual NFT Awards to commend innovation in our industry, and we look forward to recognizing the incredible progress made within the Metaverse.

Following a standout year for the NFT space, this community-driven event will feature and celebrate the world’s most influential NFT projects, and we invite all creators and collectors to submit your favorite projects for consideration today.”