January 16, 2020: Enjin Coin (ENJ): Up 0.38%; 3rd Consecutive Up Day

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

Enjin Coin’s current price, at the time of this writing, is $0.07635 USD, up by approximately 0.38% from the day prior. This marked the the 3rd day in a row Enjin Coin has been up; it is still in a downtrend, and is currently 0.76% above 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 $0.070794 and $0.080755, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling 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 $60 million US dollars.

Update on Transactions and Holders

Over the past 24 hours, 1,159 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 increase by 71. To provide context, we’d rank this token as 15 out of the 29 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Observing Enjin Coin’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 76.87% 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 3.22% of the currency’s total money supply. Exchange ownership grew by -0.01% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.82% over that time period.

How Active are the Software Developers?

Enjin Coin hasn’t had any activity on any of its GitHub repos since January 15, 2020 — 1 days prior. 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.

What’s Going on Social Media?

In terms of social media presence, Enjin Coin saw its Twitter followers go up by 13 over the past 24 hours. Traders interested in following Enjin Coin has the biggest presence on Twitter, where it has 50,149 users engaged. 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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