January 10, 2020: Enjin Coin (ENJ): Down 3.17%; 3rd Straight Down Day

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How Did Enjin Coin’s Price Fare Yesterday?

Enjin Coin is down by approximately 3.17% from the previous day, with its price currently hovering around $0.07228 USD. Enjin Coin is currently in a down, and it should be noted that this is now the the 3rd day in a row that price has been down. Moreover, Enjin Coin is now 5.88% below its 20 day moving average. In terms of an expected trading range, the Bollinger bands on Enjin Coin suggest price may bounce between $0.07165 and $0.081934 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

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The market capitalization of Enjin Coin, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $57 million.

Daily Engagement Metrics Update

Over the past 24 hours, 841 transfers have been added to the blockchain recording transactions amongst holders of Enjin Coin. In terms of estimating the number of holders, over the past day the total number of wallets holding Enjin Coin has gone up by approximately 28. To provide context, we’d rank this token as 9 out of the 30 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Enjin Coin’s Richest Holders?

The top 1,000 Enjin Coin wallets hold over 76.23% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 3.29% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.47% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.36%.

How Active are the Software Developers?

Enjin Coin hasn’t had any activity on any of its GitHub repos since January 09, 2020 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Enjin Coin are growing by 0 and 0.13, respectively, over the past 30 days.

The Latest on Enjin Coin and Social Media

In the past day, Enjin Coin’s Twitter followers and Reddit subscribers went up by 55 and 8, respectively. Traders interested in following Enjin Coin has the biggest presence on Twitter, where it has 50,042 users engaged. Here is the Twitter page for Enjin Coin.

Where to Buy

You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.

Article by SixJupiter

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