One of the oldest cryptocurrencies, which was founded in 2009, Enjin Coin (ENJ), has been making significant progress lately while staying in line with the rest of the altcoin market that is booming right now, thus evoking the speculations regarding the next altseason. It must be noted that currently, we are witnessing an increased correlation between Bitcoin and many altcoins, something we haven’t seen since the bull market of 2017.
ENJ/BTC comparison chart
It doesn’t mean, of course, that the market is setting up to relive the events of 2017, but this peculiarity offers a hint with regard to the underlying bullish sentiment across the entire market, which, in its turn, points to the possibility of ENJ approaching the all-time high at $0.49, which is 53% from the current price of $0.229, by the year’s end, or even by the end of Q3 of 2020, considering the dynamics of market development.
