November 8, 2019: Enjin Coin (ENJ): Down 1.58%; Surprising Moves In Holders Added And Transfers Added

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

Enjin Coin is down by approximately 1.58% from the previous day, with its price currently hovering around $0.06398 USD. This marked the the 2nd straight day Enjin Coin has been down; it is still in an uptrend, and is currently 2.15% above 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 $0.058795 and $0.066475 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

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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 $51 million.

Unusual Developments

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

Daily Engagement Metrics Update

3,482 transactions amongst holders of Enjin Coin occurred yesterday. Regarding a tally of holders, Yesterday saw Enjin Coin’s wallet count rise by 1920. To provide context, we’d rank this token as 34 out of the 36 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

How are the Strong Holders of Enjin Coin Faring?

The top 1,000 Enjin Coin wallets hold over 75.73% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.27% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.04%.

How Active are the Software Developers?

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 November 07, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Enjin Coin’s GitHub repositories grow by 0.03 per day on average, while the number of watchers has grown by 0.03.

Enjin Coin’s Social Media Presence

Traders interested in following Enjin Coin has the biggest presence on Twitter, where it has 49,336 users engaged. 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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