January 9, 2020: Enjin Coin (ENJ): Up 1.25%; Surprising Moves In Holders Added

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Enjin Coin Price Update

At the time of this writing, Enjin Coin has a price of $0.07465 USD, which puts it up by approximately 1.25% from yesterday. This marked the the 2nd straight day Enjin Coin has been up; it is still in a unclear trend, and is currently 2.94% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Enjin Coin suggest price may bounce between $0.071705 and $0.082122 based on its momentum and volatility over the past 14 days. 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 $59 million.

What Anamolies Occurred Since Yesterday?

Since yesterday, Enjin Coin saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.

Update on Transactions and Holders

2,330 transactions amongst holders of Enjin Coin occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Enjin Coin jump by 134. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Enjin Coin ranked 2 out of the 32 Ethereum tokens we’re tracking.

Just How Rich are Enjin Coin’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 76.05% 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 3.23% 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 0.72%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.07%.

How Much Development is Occurring?

The last activity date on Enjin Coin’s GitHub repository was January 08, 2020, or about 1 days ago. 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 0.17.

Enjin Coin’s Social Media Presence

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.

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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