January 20, 2020: Enjin Coin (ENJ): Down 3.15%; Price Crosses 20 Day Average; 4th Consecutive Down Day

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Enjin Coin Price Update

At the time of this writing, Enjin Coin has a price of $0.07389 USD, which puts it down by approximately 3.15% from yesterday. This marked the the 4th day in a row Enjin Coin has been down; it is still in a unclear trend, and is currently 2.34% 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 $0.070057 and $0.081262, 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.

As for Enjin Coin’s market cap, it is currently at about $59M US dollars.

Straight Off the Chain

Yesterday saw 1,255 transfers amongst holders of Enjin Coin. Regarding a tally of holders, Yesterday saw Enjin Coin’s wallet count rise by 58. If we observe percentage growth in holders and transfers, we find that Enjin Coin ranks 11 out of the 31 Ethereum tokens we are tracking.

How are the Strong Holders of Enjin Coin Faring?

In terms of wealth concentration, the richest 1,000 wallets own 76.85% 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 3.09% 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 0.68% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.08%.

Technical Development Status

Enjin Coin hasn’t had any activity on any of its GitHub repos since January 19, 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 0.17.

What’s Going on Social Media?

In the past day, Enjin Coin’s Twitter followers and Reddit subscribers went up by 10 and 2, respectively. 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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