Topic: Could Enjin coin reach a $100m Market Cap?? - page 4. (Read 2737 times)

Enjin is a great project to be honest i think $100m is realistic and should pass GameCredits in marketcap.

Quote from the whitepaper


The price would increase when the coins are out of circulation. So basically the more items and assets that there are, less coins are available. This will make a Engin coin cost a great deal of money, however this would allow Enjin to start making adjustments on the fees. Whenever you make assets that are specific to your game, the price to do so will increase. I can also see that it might be possible someone could control the price of the coins by moving items in and out of smart contracts. ( Bringing them in and out of existence )


There is a huge problem with Enjin that I can see,


Does anyone else agree or disagree?

Of course the hope that is they are able to implement the tech into their gaming communities. If you watch the video in the OP I explain why I dont think it will happen

i like enjin and i bought some in just beginning ICO. already working system with huge users , they have a good time behind. already sold %92 coins in ICO and still has 6 days. in pre-ico was also succes with 12 million $ . now its matter what they do after ico. if they work good and users like coin to use , that would be good for price. I hope team will continue to promote enjin after ICO.

I would like to hear more about what people think. Are you planning on investing or have you already?

Doesnt change the fact that it isnt worth $100m then, and just like other coins it will crash when the evaluation is pumped way to high



They do have a marketing plan in place to pay community owners to start accepting enjin coin, but I dont think there is as huge of a call for it as some people might think



I wrote my analysis of the coin in the video I posted on my thread. If you are interested to hear my non biased review on it you can check it out : https://www.youtube.com/watch?v=ZNRo0jmH14c



In a few months it wont be adopted, and in a few months they wont have any scaling power. So you think it could be evaluated at $1b purely on a idea? That is extremely far fetched. I created a video on how to evaluate coins and the things to look for, you should check it out : https://www.youtube.com/watch?v=LLwHkIKhddw&t=0s



They are over raising for this. There marketing doesnt really show how well there coin will do, it shows how much money they will get from funding. After they reach the minimal, the marketing is really only good for raising more useless capital. They need to create a good product that can be implemented which if you saw my analysis video in the OP I dont think it is feasible. Game credits is over evaluated as well, so we can surely see a drop with that.




The question really shouldnt be " can enjin reach 100m" it should be " can enjin reach 100$m in market capital justified" and the anwser is simply no right now. We are not given much information in the whitepaper and doing a small amount of research, you will find that it likely will not be able to be scaled. If you check my video in the OP I explain more about this




That is not even the biggest problem enjijn coin has, check the video in the OP for my non biased review

As long as steam did not involved in this coin i think it is too hard for enjin to get bigger. What i know steam is the biggest company in this induatry for now. Especially for esport. I like the concept enjin coin offer. But we need to consider themonster of this industry

Currently the crowdsale sits at $21 million.

It is not rare, at all, for ICOs to quadruple or more their price. ETH probably 100x its initial ICO price or potentially more. Alongside a bitcoin bull market, there is probably a guarantee for Enjincoin to have at least $100 million in market cap.

Whether or not it  goes to another level and gets into the $500 million+ is another question.

Will depend on how much their ICO raises, of course.

But their advertising was on point and they have indeed spent a lot of time and effort trying to market their product - a very good sign. $100 million in the current cryptocurrency world is not hard at all for such a well advertised product.

It may well exceed gamecredit, which is at $142mil right now. Even if it doesn't beat gamecredit it can still have $100m valuations.

I think i could reach easily 1$ within a few months.
It just need to established well

Why not. Of course it could reach that market cap. But for new coin in ico, its not going to be instant. It needs several year to reach it. But everything is possible.

How can you say, that they won't see success based on their logo and name? 

Enjin disappoints me. They have so active community but there are only less than 20 to 50 people promoting it on forums. I don't think it will reach $100m market cap. It will be half dead in a year.

Absolutely. Far less creditable coins have reached it before. This has an existing industry where it is just replacing the monetary token already being exchanged. With no code issues this could be very promising!

What huge factors do they have in place to put a evaluation of $100,000,000 ?


So you think it could reach $100m purely using the Enjin Community? Like I have said it will be extremely hard for them to scale, so the market for this coin will likely only be for the Enjin community in which I would expect 20% to adopt over a good amount of time


I dont think this coin will actually be scalable which makes me not so sure about the investment


I wouldnt say the project is awful, I think it just got over hyped and is way to expensive right now


What do you see in it though, I dont see it being scaled outside of the community so I doubt it can reach 100m$


If everything worked very perfectly then maybe it could reach $100m I agree. However it certainly isnt likely imo


If they can get over 20% of its community to adopt it, then this could be pretty huge


Well of course, they are not doing anything crazy for a few months.


Doesnt mean $100m is easy to reach though. I agree, I think they are overfunding and I don't believe they actually put enough time in studying the market and space.

$100 million market cap is not that a big deal in crypto, the team just need to deliver a sound platform, most of these gaming platform seems to me like they are over estimating the potential in the market or maybe they are just lasy to pushing forward with their plan

with the right marketing it will probably go even higher, tho my guess is atleast 6months - 1year before any serious growth.

the idea is good.

It's definitely possible, but will take time. Long term, adoption will be key. If the team and community can push far reaching adoption I could see it reaching that market cap.

Enjin has always been my favourite ico because i know that the project spent a lot of money on promotion on this forum and in other bitcoin forums and platforms, and it looks that it was worth it because they raised a lot of money because of that, their signature campaign lasted for more than three months and it was a huge money from the developers.
But 100 million dollars is a huge amount of money, i doubt it, but it will probably happen in a months or maybe a years from now.

Everything is possible to happen and maybe enjin can reach 100 million dollars market cap . But the percentage for sure is very low. But enjin coin is one of my favorite because I see the potential of this coin to increase more in the future so if you have extra money its better to invest now in enjin and for sure you will be happy for the result because you earn some profit.