How Did Enjin Coin’s Price Fare Yesterday?
Enjin Coin’s current price, at the time of this writing, is $0.08544 USD, up by approximately 11.08% from the day prior. This marked the the 2nd day in a row Enjin Coin has been up; it is still in a unclear trend, and is currently 16.74% above 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 $0.05289 and $0.093487. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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The market capitalization of Enjin Coin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $68 million.
Straight Off the Chain
Over the past 24 hours, 1,644 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 rise by 49. To provide context, we’d rank this token as 12 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Enjin Coin’s Richest Wallets
The top 1,000 Enjin Coin wallets hold over 75.53% 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 3.54% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.05%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.09%.
How Much Development is Occurring?
The last activity date on Enjin Coin’s GitHub repository was December 15, 2019, or about 1 days ago. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about -0.07 per day, while the number of followers watching Enjin Coin’s repositories is growing by 0.13.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 27 and 2 over the past day for Enjin Coin. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Enjin Coin on Twitter.
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
