Price Action
Since last week, Enjin Coin’s price went down by -2.91%. It is below its 20 day moving average by 2.44%, so it’s fairly close. Enjin Coin’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, Enjin Coin is more prone to sizable price moves than 33% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. If volatility over the past three weeks is any indication of what’s to come, we can expect Enjin Coin to bounce between 0.1105006 and $0.1428894 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 2,076,651 and 47,063,653 units of its own currency. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw Enjin Coin’s trading turnover — meaning the percentage of its available supply that was traded — come in at 2.6%. Its trading turnover percentage is higher than about 58.82% of the coins we’re tracking, so 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
Enjin Coin saw the number of wallets holding its coin go from 29,898 to 30,087 over the past week — a change of 0.63%. And in regards to cumulative transactions logged on the blockchain, they went from 496,085 to 502,836, which amounts to a change of 1.36%. Enjin Coin’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.99% which puts it ahead of 50.00% of the coins in our index. This growth rate suggests the coin’s weekly growth in engagement is fairly mediocre.
Technology Development Status
Enjin Coin currently has 10 public repositories on GitHub, with the oldest one now 1.87 years young. Its most recent public update 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 repos that are visible to the public collectively have 137 watchers — that’s more than only 35 % of the 100 similar coins in our index. The coin has 5 total outstanding issues across all 10 of its public repositories on GitHub. Relative to the number of watchers it has, though, 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 74% of similar coins in our index.
Enjin Coin News and Commentary
We found one link over the past week about Enjin Coin that we thought was especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.
How To Make Money Playing Nestables – Tribal Gaming
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
