January 11, 2020: Enjin Coin (ENJ): Up 0.19%; 2nd Consecutive Up Day

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Enjin Coin: What’s the Latest Regarding its Price?

At the time of this writing, Enjin Coin has a price of $0.07303 USD, which puts it up by approximately 0.19% from yesterday. This marked the the 2nd consecutive day Enjin Coin has been up; it is still in a downtrend, and is currently 4.46% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Enjin Coin suggest price may bounce between $0.069786 and $0.083091 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

Get your analysis of Enjincoin (ENJ) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

The currency’s market cap currently stands at $57 million US dollars.

Update on Transactions and Holders

Over the past 24 hours, 994 transfers have been added to the blockchain recording transactions amongst holders of Enjin Coin. Regarding a tally of holders, Yesterday saw Enjin Coin’s wallet count rise by 41. To provide context, we’d rank this token as 14 out of the 29 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?

In terms of wealth concentration, the richest 1,000 wallets own 76.2% of the coin’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 3.2% of the currency’s total money supply. Exchange ownership grew by 0.27% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.44% over that time period.

Technical Development Status

In terms of how active the software development team working on Enjin Coin is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on January 10, 2020, or approximately 1 days before. 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 0.2, respectively, over the past 30 days.

The Latest on Enjin Coin and Social Media

In the past day, Enjin Coin’s Twitter followers went up by 2, respectively. Traders interested in following Enjin Coin has the biggest presence on Twitter, where it has 50,044 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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