Enjin Coin: What’s the Latest Regarding its Price?
At the time of this writing, Enjin Coin has a price of $0.07737 USD, which puts it up by approximately 2.35% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 2.61% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.069725 and $0.081085. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top 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 $61 million.
Update on Transactions and Holders
Yesterday saw 1,026 transfers amongst holders of Enjin Coin. 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 0. If we observe percentage growth in holders and transfers, we find that Enjin Coin ranks 13 out of the 31 Ethereum tokens we are tracking.
Observing Enjin Coin’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 76.82% 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 3.16% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.04%.
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 21, 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 0.17.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers, came in at up 20 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. Here is the Twitter page for Enjin Coin.
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Article by SixJupiter