Price Action
Over the past week, Enjin Coin saw its price go up by 6.73%. It is above its 20 day moving average by 8.62%, so it’s slightly away. Enjin Coin’s bullish momentum, if assessed by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Enjin Coin is more volatile than roughly 42% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Based on volatility over the past three weeks, we can expect Enjin Coin to experience a price range in US dollars between 0.1251956 and $0.1784444.
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 5,796,319 and 133,924,582 units of its own currency. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. Enjin Coin experienced a turnover rate of about 6.82% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 76.77% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
The number of wallets holding Enjin Coin went from 28,226 to 28,636 in the past week, marking a change of 1.45%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 441,012 to 454,400, which translates to growth of 3.04% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Enjin Coin is thus at 4.49% which, relatively speaking, is ahead of 75.00% of the cryptocurrencies we’re tracking. This could indicate that 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 1.76 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 repos that are visible to the public collectively have 123 watchers — that’s more than only 21 % of the 100 similar coins in our index. The coin has 3 issues reported across its public repositories. Relative 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 89% of similar coins we’re tracking.
Enjin Coin News and Commentary
Over the past week, we found 2 links about Enjin Coin that we found especially interesting. If available, we added an excerpt from the article to help give a taste of what it is about.
Age of Rust Hidden Transmission Puzzle – Benjamin LeFevre
Spirit Clash Founder’s Tokens – What You Need
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
