December 30, 2019: Enjin Coin (ENJ): Down 1.41%; Unusual Moves In Transfers Added

.

Enjin Coin Price Update

Enjin Coin is down by approximately 1.41% from the previous day, with its price currently hovering around $0.0809 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 2.08% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Enjin Coin suggest price may bounce between $0.074472 and $0.084026 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

Trade Enjincoin (ENJ) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.

As for Enjin Coin’s market cap, it is currently at about $64M US dollars.

Unusual Developments

Since yesterday, Enjin Coin saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.

Daily Engagement Metrics Update

Yesterday saw 681,352 transfers amongst holders of Enjin Coin. As for the number of holders, yesterday saw the number of wallets holding Enjin Coin increase by 73. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Enjin Coin ranked 4 out of the 33 Ethereum tokens we’re tracking.

Just How Rich are Enjin Coin’s Richest Holders?

The top 1,000 Enjin Coin wallets hold over 75.43% of the token’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 3.9% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.29%.

How Much Development is Occurring?

Enjin Coin hasn’t had any activity on any of its GitHub repos since December 29, 2019 — 1 days prior. Over the past 30 days, we’ve seen open issues across Enjin Coin’s GitHub repositories grow by -0.03 per day on average, while the number of watchers has grown by 0.17.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 9 and 1 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

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!