Price Action
Over the past week, Enjin Coin saw its price go down by -0.93%. It is below its 20 day moving average by 4.54%, so it’s slightly away. Enjin Coin’s bullish momentum, if assessed by 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. In terms of volatility, Enjin Coin exhibits greater price volatility than approximately 26% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Enjin Coin to experience a price range in US dollars between 0.1392063 and $0.1738137.
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 2,223,934 and 33,955,672 units of its own currency. Looking back over past 21 days, both price and volume have been declining. Over the past week, Enjin Coin saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 2.74%. Its turnover rate is more than approximately 53.61% of the cryptocurrencies in our index, 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 28,948 to 29,141 over the past week — a change of 0.67%. As for overall transactions, they increased from 464,020 to 474,336 — an increase of 2.22%. This translates to a combined engagement growth rate of 2.89% for Enjin Coin — which is higher than 65.71% of the cryptocurrencies we’re reporting on. One interpretation of this may be that the coin’s engagement is growing at an above average rate.
Technology Development Status
Enjin Coin currently has 9 public repositories on GitHub, with the oldest one now 1.8 years young. The last recorded update to its public 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 repositories collectively have a total of 129 watchers, which is below average relative to its peers; that’s more than only 31 % of the 100 similar coins in our index. The coin has 3 total outstanding issues across all 9 of its public repositories on GitHub. In comparison to the number of watchers it has, though, its open issues count doesn’t seem like something to worry about. To put the situation in context, Enjin Coin has a better issue/watcher ratio on its GitHub than 83% of similar coins we’re tracking.
Enjin Coin News and Commentary
The top theme being discussed about Enjin Coin in the past week is listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Arena Match Adopts Enjin Blockchain SDK for Esports Gami
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
