Enjin Coin Price Update
At the time of this writing, Enjin Coin has a price of $0.07279 USD, which puts it up by approximately 1.89% from yesterday. Enjin Coin enters the day 3.75% below its 20 day moving average, but is experiencing its the 2nd consecutive day up. Enjin Coin’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.070359 and $0.080899. 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
Yesterday saw 1,762 transfers amongst holders of Enjin Coin. As for the number of holders, yesterday saw the number of wallets holding Enjin Coin increase by 71. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Enjin Coin ranked 15 out of the 29 Ethereum tokens we’re tracking.
Just How Rich are Enjin Coin’s Richest Holders?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 76.88%. 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 3.12% of the currency’s total money supply. Exchange ownership grew by -0.11% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.83% over that time period.
How Active are the Software Developers?
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 14, 2020, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Enjin Coin’s GitHub repositories grow by 0 per day on average, while the number of watchers has grown by 0.2.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 25 and 1 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.
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Article by SixJupiter