Previously known as Melon Protocol, Enzyme finance is a DeFi platform that aims to make asset management easy and decentralised. Enzyme finance and its MLN token are built on Ethereum, and its smart contract computations are handled by the Ethereum blockchain. Enzyme’s goal is to make asset management - which was previously done by financial professionals - easy to perform and accessible to a broader range of users. It does so through utilising the Enzyme coin.
Enzyme’s web app allows users to find portfolios and funds of other users and invest in them or create portfolios for themselves and others to invest in. The operations on this dApp are run with Enzyme coin. Enzyme Finance protocol consists of two main layers: The Fund Layer and The Infrastructure Layer.
In the Enzyme coin Fund layer, the users can launch and control the funds that other users can find and invest in. Every fund created by users has two portions:
At the time of writing this post on Sep 19, 2022, the Enzyme coin is traded at $20.6. It is 92.1% lower than its all-time high of $258 on Jan 4, 2018, and 1044.5% higher than its all-time low of $1.79 on Mar 13, 2020. Enzyme coin has had an ROI of -83% this year, meaning if you had invested $100 in MLN a year ago, you would have lost $83 and left with $17! It’s also notable that Enzyme coin has underperformed compared to other projects in similar categories, which had 21,272% growth throughout this year.
Enzyme coin has a market cap of $32 million and ranks #518 in the market cap rankings. It has a maximum supply of 2,070,256; out of this amount, 1,453,963 MLN tokens are in circulation (70%). MLN token’s liquidity score is 38%, meaning it might be challenging to trade this token during a bear market. Enzyme coin’s trading volume for the past 24 hours has been $8 million.
Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
The crypto market is famous for being a hyper-volatile market, and with a new announcement from a government or a project, token prices can pump or crash instantly. There are technical prediction websites like priceprediction.net that use algorithms and calculations to estimate the price of a token for the coming years. Let’s dive into Enzyme coin price prediction with a little help from these tools.
The average price of Enzyme Coin throughout this year is predicted to be $26.06. The maximum price of MLN tokens could be as high as $27.97.
The average price of Enzyme coins throughout 2023 would reach $37.5. MLN token’s price could be $36.45 at a minimum and $43.66 at a maximum.
The maximum price of each Enzyme coin could be $63.37, which can fall to a minimum of $51.55. The average price of the MLN token is estimated to be $53.43.
Experts predict that the average price of MLN tokens could be $75.39. The minimum and maximum prices of Enzyme coins in 2025 are estimated to be $73.26 and $88.80, respectively.
To estimate the Enzyme coin’s performance in the long run, we need to take a look at the token’s popularity and activity on its social channels. During the past six months, Enzyme coin’s popularity has grown by 4% on Twitter and 2% on Reddit. However, it saw a downward trend on Telegram with a -13% growth rate.
Enzyme coin is a utility token, so if you want to invest in it using the platform the way it was initially intended, it can enhance your portfolio overall. However, considering the ROI rates, it is not recommended to purchase this token for the sake of only hodling it.
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