January 13, 2020: Enjin Coin (ENJ): Down 1.27%; 2nd Consecutive Down Day

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Enjin Coin Price Update

Enjin Coin is down by approximately 1.27% from the previous day, with its price currently hovering around $0.07149 USD. This marked the the 2nd day in a row Enjin Coin has been down; it is still in a downtrend, and is currently 5.77% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Enjin Coin imply the currency may oscillate between $0.069335 and $0.082405, based on how price has behaved in the two weeks prior. 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.

Straight Off the Chain

2,940 transactions amongst holders of Enjin Coin occurred yesterday. 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 83. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Enjin Coin ranked 14 out of the 29 Ethereum tokens we’re tracking.

Just How Rich are Enjin Coin’s Richest Holders?

The top 1,000 Enjin Coin wallets hold over 76.17% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.01% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.41% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.08%.

How Much Development is Occurring?

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 12, 2020, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0 per day, while the number of followers watching Enjin Coin’s repositories is growing by 0.2.

The Latest on Enjin Coin and Social Media

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 10 and 4 over the past day for Enjin Coin. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Enjin Coin on Twitter here.

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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