November 15, 2019: Enjin Coin (ENJ): Up 6.34%; Price Crosses 20 Day Average


How Did Enjin Coin’s Price Fare Yesterday?

Enjin Coin is up by approximately 6.34% from the previous day, with its price currently hovering around $0.06592 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 2.99% above its 20 day moving average, and is currently in a down trend over the past 14 days. 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 $0.059792 and $0.068221. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

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The currency’s market cap currently stands at $51 million US dollars.

Daily Engagement Metrics Update

Yesterday we did not see any transfers amongst holders of Enjin Coin. Regarding a tally of holders, Yesterday saw Enjin Coin’s wallet count drop by 0. To provide context, we’d rank this token as 20 out of the 35 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Enjin Coin’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 75.73% 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 5.23% of the currency’s total money supply. Exchange ownership grew by -0.04% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period.

How Active are the Software Developers?

Enjin Coin hasn’t had any activity on any of its GitHub repos since November 14, 2019 — 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 0.03 per day, while the number of followers watching Enjin Coin’s repositories is growing by 0.07.

Enjin Coin’s Social Media Presence

In terms of social media presence, Enjin Coin saw its Reddit subscribers go up by 4 over the past 24 hours. 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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