Enzyme Protocol’s native asset MLN token has witnessed a 34.34% surge in the past 30 days, reaching $22.02 per coin and around 60 million dollars in market cap. The 3.22% correction today is considered a dip by various investors.
As a coin expected to attract institutional investments in the upcoming altcoin bull run, the trading volume of MLN has increased recently. However, there are mixed forecasts from market experts on whether it will achieve another ATH soon.
Despite the recent uptrend, Enzyme is still -91.95% down from its all-time high of $270.05. Let’s get into its short-term price analysis and a long-term price prediction from 2025 to 2030. Also, we will tie up a purchasing guide.
What is Enzyme?
Let’s talk about the protocol before we move to the price prediction. Enzyme, an Ethereum-based network, is an open-source trading assistant where users can create and manage their investment funds. Co-founded by Mona El Isa and Rito Trinkler, it was initially launched as Melon Protocol in 2016. After 5 years of smooth functioning, it was rebranded as Enzyme in 2020.
Enzyme focuses on security and privacy where the system grants the user a trading license that is non-transferable and unique. Also, the transaction data and smart contracts are regularly audited and tested by its community to ensure smooth functioning. Its native token MLN provides further security to the system.
The MLN Token
Users can get access to the Enzyme ecosystem by hodling MLN tokens. It is the key to the network. Mainly used as the transaction fees, MLN is being unlocked to the community at various intervals.
| Token Ticker | $MLN |
|---|---|
| Chain | Ethereum ERC-20 |
| Contract Address | 0xec67005c4e498ec7f55e092bd1d35cbc47c91892 |
| Total Supply | 2.66 Million MLN |
| Circulating Supply | 2.66 Million MLN |
| Market Cap | $58.32 Million |
| Hodlers | 8,004 |
Enzyme MLN’s Price: Historical Data
When it was released in 2016, MLN didn’t get the attention it deserved. However, after a year, investors realized the potential of Enzyme and it also got funds along with Bitcoin in 2017. The trend continued and created an all-time high on January 05, 2018, when the coin reached $270.05.
The bear market that followed and the regular coin unlocks decreased its price in the next years. These movements dumped the coin into its all-time low price of $1.80 in March 2020. Four years later, the coin is around 1109.29% up from its ATL, ensuring more returns in the future.
Enzyme MLN Short-Term Price Prediction
The recent increase in MLN’s whale holdings signifies that it has the potential to surge in the upcoming weeks. The fear & greed index also shows a strong buy ratio. Various web3 market analysts opine that there is a chance for it to keep the uptrend till the end of this month, probably reaching $30 per coin.
Enzyme MLN Price Prediction 2025-2030
The below price prediction is generated by analyzing the token unlock schedule, the roadmap for next years, the current market sentiment, and the chart analysis. We tried to be accurate in it, but, keep in mind that any unpredictable external factors will affect the entire crypto market. So, do your own research to finalize your investment strategy.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2025 | $ 20.76 | $ 29.80 | $ 40.34 |
| 2026 | $ 19.76 | $ 22.26 | $ 30.82 |
| 2027 | $ 18.96 | $ 19.73 | $ 20.87 |
| 2028 | $ 17.88 | $ 19.88 | $ 24.66 |
| 2029 | $ 4.03 | $ 8.72 | $ 24.57 |
| 2030 | $ 7.00 | $ 22.48 | $ 34.77 |
Where to Purchase Enzyme MLN?
MLN’s major marketplace is Binance where MLN/USDT and MLN/BTC pairs are available. It can also be traded as a perpetual asset in MEXC and BTCC. DAI/MLN pair is available in Uniswap V3 DEX and MLN/BT at Bancor Network DEX. Other centralized exchanges include Coinbase, OKX, Kraken, HTX, Bitfinex, BingX, and Gate.io.
Final Thoughts: Is Enzyme a Good Investment Option?
The unlocking schedule of Enzyme’s MLN tokens will only end by 2050. That means the scarcity will only begin after some years, making it a rare asset for long-term hodling. You can diversify your life-long crypto portfolio by purchasing some MLN. Otherwise, you can skip this one.
This article is not a piece of investment advice. As usual, you should do your research to make investment decisions instead of depending on us. Consider this as an objective study of MLN’s market. DYOR and happy investing!
