Price Action
Over the past week, Enjin Coin saw its price go down by -19.79%. It is below its 20 day moving average by 16.84%, so it’s slightly away. Enjin Coin’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, Enjin Coin is more prone to sizable price moves than 38% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Enjin Coin to experience a price range in US dollars between 0.09658447 and $0.1354755.
Where to trade Enjincoin (symbol: ENJ): Gate, Yobit, Stex, Binance, Ethfinex
Volume Update
In the span of the preceding 7 days, Enjin Coin’s daily volume, in terms of its own unit of currency, has fluctuated between 2,704,112 and 24,779,837. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Enjin Coin’s trading turnover — meaning the percentage of its available supply that was traded — come in at 1.9%. Its turnover rate is more than approximately 55.88% of the cryptocurrencies in our index, so it’s middle-of-the-pack; investors/traders may thus wish to consider their liquidity requirements to make sure the coin matches their needs and their expected trading volume.
Engagement Update
Enjin Coin saw the number of wallets holding its coin go from 30,060 to 30,277 over the past week — a change of 0.72%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 502,149 to 508,619, which translates to growth of 1.29% for the week. Enjin Coin’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 2.01% which puts it ahead of 80.39% of the coins in our index. One interpretation of this may be that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
Enjin Coin currently has 10 public repositories on GitHub, with the oldest one now 1.89 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Enjin Coin’s repos that are visible to the public collectively have 139 watchers — that’s more than only 36 % of the 100 similar coins in our index. The coin has 7 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against its open issues count, seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching Enjin Coin’s GitHub repos is more favorable than 68% of similar coins in our index.
Enjin Coin News and Commentary
We found one link over the past week about Enjin Coin that we thought was especially worth sharing. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Nestables Pre-Sale Announcement – Tribal Gaming
Snippet:
Supply of each wearable and skin (excluding pre-sale exclusives) will be unlimited, but buying these items during the pre-sale will give you a substantial discount over buying them when the game is released!
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
