Enjin Coin Price Update
At the time of this writing, Enjin Coin has a price of $0.07542 USD, which puts it down by approximately 8.76% from yesterday. The down day for Enjin Coin yesterday was a reversal from the day before it, which puts its price at 0.54% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $0.063915 and $0.087741. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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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 $60 million.
Straight Off the Chain
Over the past 24 hours, 1,356 transfers have been added to the blockchain recording transactions amongst holders of Enjin Coin. In terms of estimating the number of holders, over the past day the total number of wallets holding Enjin Coin has gone up by approximately 62. If we observe percentage growth in holders and transfers, we find that Enjin Coin ranks 11 out of the 32 Ethereum tokens we are tracking.
How are the Strong Holders of Enjin Coin Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 75.51%. 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 3.4% of the currency’s total money supply. Exchange ownership grew by 0.43% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.03% over that time period.
How Much Development is Occurring?
The last activity date on Enjin Coin’s GitHub repository was December 17, 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 Reddit subscribers, came in at up 3 over the past day for Enjin Coin. Traders interested in following Enjin Coin has the biggest presence on Twitter, where it has 49,691 users engaged. Here is the Twitter page for Enjin Coin.
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
