Enjin Coin (ENJ), Omisego (OMG), Digibyte (DGB) – In general, the market reacts positively if BTC is on the rise, and on the contrary if this asset falls. It is normal, given the dominance that Bitcoin has (> 52%) and honestly, despite new players in the market, with improvements in scalability, security and speed in blockchain, BTC has proven to be the true digital gold that few will be able to match for a good time.
Enjin Coin (ENJ) Price Prediction for 2019/2020/2021
However, there are interesting proposals that can turn into good results for investors who bet on their performance. Such is the case of Enjin Coin, which got its five minutes of fame recently with the launch of the Samsung S10 and its incorporation into the popular smartphone. As a result of this, the token saw growth from levels of $ 0.03 up to the maximum price of $ 0.103 in a week.
The popular videogame currency created in Singapore in 2009 has been in the top 60 since then and many are betting on its sustainable growth as the gaming industry grows and the S10’s biggest use cases.
At the time of writing, ENJ Coin presents a spot price of $ 0.152 per token with a decrease of (-1.81%) and a market capitalization of about $ 117 million to anchor in position 56 of the general ranking.
The Enjin Coin chart (ENJ) is shown with a symmetrical triangle that marks the trend for the next quarter with an average price of $ 0.138 and an oscillation between the R1 and S1 bands as maximum-minimums for the ERC-1155 token.
According to the RSI, an upcoming bullish cross will likely take place to bring levels of $ 0.20 to the token, after going through a long bearish period according to EMA Cross for the beginning of Q3 2019.
If this is maintained and the pattern of Elliot Waves is kept, we could see the token reach higher levels of R1 ($ 0.25) by the middle of 2020. Logically this will depend on the adoption that ENJ can achieve within the Gaming community and the success that can be achieved with Samsung S10.
OmiseGo (OMG) Price Prediction for 2019/2020/2021
The cryptocurrency has fulfilled all the forecasts we have given in this medium in past days, both short and long term, taking into account that in the crypto trading, investment horizons are one week and one month short and long term respectively.
The quoted price of Omisego at the time of writing is $ 1.90 per unit with a positive change of + 0.18% in the last 24 hours and a market capitalization of over $ 266 million dollars.
OmiseGo has been one of the most promoted crypto projects within the media, and despite the great advertising branded around it, OMG seems to remain within the range of the top 30 cryptocurrencies.
The lack of recent events on OMG has allowed many analysts to speculate that this is a failed project without sustainability over time. However, OMG continues to prove at the level of trading to be quite profitable.
Its trajectory in general is descending, with some highs coinciding with high levels of overbought according to RSI as we can see in the following graph.
Based on the swing between maximum-minimum prices and correlation of over-sales RSI values (RSI> 80), we can establish a pattern for OMG in the remainder of the year and for the future Q1 2020.
The result is determined by a double wave of Elliot fulfilled at this time, with a possible bearish cross (price correction) for early June 2019. Its employer predicts a maximum future for 2020 at R1 levels close to three dollars per unit.
It is estimated that the average price of OMG is $ 2.20; unless some unwanted event sends it to the bottom of rigid support levels around the dollar unit or vice versa; its expected growth will accelerate sooner than projected, as it has shown so far.
DIGIBYTE (DGB) Price Prediction for 2019/2020/2021
Currently the popular cryptocurrency has a spot price of $ 0.013 per unit with + 0.64% in the last 24 hours and a market capitalization of just over $ 152 million dollars that allows it to be anchored in the 48th place among the first 50 cryptocurrencies of the ecosystem.
Digibyte has a general downward trajectory but with a strong projection to take flight for the rest of the year and first Q1 2020. Its resistance levels R1 ($ 0.051) and firm support in S1 ($ 0.0074) allow a wide range of possibilities for investors .
According to the previous graph, DGB presents a correlation between maximum-minimum prices with the increase / decrease of RSI, which allows us to make predictions about its next upward scenario as we can see in the graph.
Based on the foregoing, DGB should begin an upward parabolic trajectory until Q1 2020, with a year-end maximum at R1 ($ 0.025) that represents the next increase in RSI to oversold values and an eventual 91% price swing between maximum-minimum, historically projected.
DGB is expected to meet the pattern previously projected, reaching average levels of $ 0.0458 for Q1 2020; this would imply a 200% increase in relation to the current price.