Enjin Coin: What’s the Latest Regarding its Price?
Enjin Coin is down by approximately 2.6% from the previous day, with its price currently hovering around $0.05807 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 4.99% below 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 $0.05525 and $0.066994. 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 $47 million.
Unusual Developments
Since yesterday, Enjin Coin saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.
Daily Engagement Metrics Update
1,206 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 41. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Enjin Coin ranked 15 out of the 35 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 75.86% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 8.66% 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 -0.1% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.07%.
How Much Development is Occurring?
The last activity date on Enjin Coin’s GitHub repository was October 22, 2019, 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 0.13.
Enjin Coin’s Social Media Presence
In terms of social media presence, Enjin Coin saw its Twitter followers and Reddit subscribers go up by 15 and 14 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
