Price Action
In the week prior, the price for Enjin Coin went down by -6.42%. It is below its 20 day moving average by 12.38%, so it’s somewhat away. Enjin Coin’s bullish momentum, based on its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, Enjin Coin is more prone to sizable price moves than 58% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Enjin Coin to bounce between 0.07403453 and $0.1320735 US dollars per coin.
Where to trade Enjincoin (symbol: ENJ): Gate, Yobit, Stex, Binance, Ethfinex
Volume Update
Over the past week, Enjin Coin saw its daily volume range between 1,602,539 and 35,722,488 units of its own currency. In the three weeks prior, both price and volume have been declining. Enjin Coin experienced a turnover rate of about 1.8% over the past week, which means that is the percent of its available money supply that is traded daily. This turnover rate is higher than approximately 59% of the cryptocurrencies we monitor, which means 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
Over the past week, Enjin Coin saw its holders go from 30,277 to 30,467, an increase of 0.63%. As for overall transactions, they increased from 508,619 to 514,772 — an increase of 1.21%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Enjin Coin is thus at 1.84% which, relatively speaking, is ahead of 84.87% of the cryptocurrencies we’re tracking. This growth rate suggests the coin may be on track to getting and sustaining actual usage.
Technology Development Status
At the moment, Enjin Coin has 10 repositories open to the public on GitHub, with the oldest one now being 1.91 years young. Its last public update to any of its repositories 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 public repos now have 142 which is below average relative to its peers; that’s more than only 32 % 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 71% of similar coins in our index.
Enjin Coin News and Commentary
Over the past week, we found one link about Enjin Coin that we thought was particularly interesting. If available, we added an excerpt from the article to help give a taste of what it is about.
What underlying technology and growth potential make Enjin Coin stand out fro
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
