Price Action
Over the past week, Enjin Coin saw its price go down by -0.37%. It is above its 20 day moving average by 1.92%, so it’s fairly close. 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 17% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect Enjin Coin to experience a price range in US dollars between 0.1453391 and $0.1741309.
Where to trade Enjincoin (symbol: ENJ): Gate, Yobit, Stex, Binance, Ethfinex
Volume Update
In the span of the preceding 7 days, Enjin Coin’s daily volume, in terms of its own unit of currency, has fluctuated between 9,902,890 and 54,207,323. Over the past three weeks, volume has steadily declined, but the trend in price is not as clear one way or the other. Enjin Coin experienced a turnover rate of about 3.08% 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 50.53% 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 28,636 to 28,948, an increase of 1.09%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 454,400 to 464,020, which translates to growth of 2.12% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Enjin Coin is thus at 3.21% which, relatively speaking, is ahead of 66.67% of the cryptocurrencies we’re tracking. This growth rate suggests the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, Enjin Coin has 9 repositories open to the public on GitHub, with the oldest one now being 1.78 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 127 watchers, which is below average relative to its peers; that’s more than only 33 % of the 100 similar coins in our index. The coin has 3 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, 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 85% of similar coins we’re tracking.
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
