Enigma Price Prediction

Enigma (ENG)

Last Price

$0.5196

Market Cap

$34,335,446

Event-based Forecast Algorithm

Our unique event-based Enigma prediction research is reporting that ENG price is going to increase and will be +11.3% approaching towards $0.578315 by 10-09-2020.

There's 1 scheduled occurrence that was valued while creating this Enigma forecast. The system has processed 6887 global occurrences that happened in the cryptocurrency ecosystem in the past to figure out the relevance in dollar cost change connected with every event category.

As shown by the event-based valuation your 1000$ worth ENG deposits may be $1113 by 10-09-2020. This forecast was computed on the 18 past Enigma events.

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Price-based Forecast Algorithm

The latest rate of ENG is $0.5196. At this instance the Enigma price prediction algorithm is proposing that within one day ENG price will be +2.1% on the move to $0.530512, in 7 days +14% making its way to $0.592344, in one month -7.9% approaching $0.478552 and in 3 months -20.6% moving to $0.412562. The Long-term forecast is indicating that Enigma will be decreasing in cost.

While creating the ENG price prognosis our script has noted that for the duration of the last 180 days the top dollar value of the coin was $0.6562, and the lowest price was $0.2746.

There are 150000000 ENG circulating on the market at the moment.

What may occur if you decide to invest $1000 in ENG now? The Enigma prediction script deduces that in 24 hours the rate of your investment may be $1021, in 7 days it may be $1140, in one month it may be $921 and in 3 months it may be $794.

Enigma is a decentralized blockchain application platform. Unlike Ethereum, the focus of their project is to provide superior privacy and scalability options that are not currently available in the present system. Investors who put their money here are betting on blockchain applications becoming the norm in the next few years, but it's possible that this adoption could take far longer than expected, perhaps even decades.

Investors interested in acquiring these tokens should be cautious. While this asset has already taken a large hit from its all-time high, it seems that this token may continue to trend downward in the short term. It does not seem to have found a bottom yet, and it may be advisable to wait before buying in. While it does not seem like a lot, even a small amount of savings could result in a significantly higher number of tokens in your portfolio when the value decides to go back up. Here's our full Enigma prediction.

How high can ENG price go?

After using many different data points, our computer's Enigma forecast indicates that in the short term, the price for this asset will likely decline. However, there are a number of events that might cause it to move upward as well, and news is the best way to achieve price gains on a cryptocurrency. It's up to you the investor to verify these events and decide exactly how profound the effect will be on the price in either direction.

In the long term, it seems uncertain which way the price will go, and it may take a couple of years for this asset to even regain the ground which it has lost. To get a better idea of what is in store, it's important to accurately gauge this project's relationship with the community and what they have planned for their future roadmap goals.

What could go wrong with Enigma?

Unfortunately, this is one of the most saturated niches in cryptocurrency. There is a huge number of competing projects here, and that could be bad news for ENG. The biggest of which is Ethereum itself, which is working on creating an ecosystem for their existing developers that will be much easier to scale, though likely not private.

So, it's possible that ENG could set up a nice niche for themselves for organizations looking for more privacy for their applications where Ethereum will still be lacking.

Is there a chance that ENG will be abandoned?

It's hard to say whether this project will be abandoned, but they do have a strong management team, so it seems like that will not happen here. Paid staff is much more likely to continue working, and they also have more time to approach their goals than a project where the developers must contribute only in their free time, and then work a full-time job which burns them out. ENG will likely establish themselves as a valuable, private alternative to public blockchain platforms like Ethereum.