How Did Enjin Coin’s Price Fare Yesterday?
Enjin Coin’s current price, at the time of this writing, is $0.05556 USD, down by approximately 2.36% from the day prior. This marked the the 5th straight day Enjin Coin has been down; it is still in a downtrend, and is currently 9.07% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Enjin Coin’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.054428 and $0.067771. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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As for Enjin Coin’s market cap, it is currently at about $46M US dollars.
What Anamolies Occurred Since Yesterday?
Since yesterday, Enjin Coin saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Over the past 24 hours, 1,719 transfers have been added to the blockchain recording transactions amongst holders of Enjin Coin. As for the number of holders, yesterday saw the number of wallets holding Enjin Coin increase by 67. If we observe percentage growth in holders and transfers, we find that Enjin Coin ranks 17 out of the 34 Ethereum tokens we are tracking.
Just How Rich are Enjin Coin’s Richest Holders?
The top 1,000 Enjin Coin wallets hold over 75.96% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 8.59% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.74% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.15%.
How Much Development is Occurring?
In terms of how active the software development team working on Enjin Coin is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on October 17, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Enjin Coin are growing by 0.03 and 0.2, respectively, over the past 30 days.
Enjin Coin’s Social Media Presence
In terms of social media presence, Enjin Coin saw its Twitter followers go up by 7 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Enjin Coin on Twitter here.
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
