How Did Enjin Coin’s Price Fare Yesterday?
Enjin Coin is up by approximately 9.7% from the previous day, with its price currently hovering around $0.06346 USD. The up day for Enjin Coin yesterday was a reversal from the day before it, which puts its price at 4.69% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Enjin Coin imply the currency may oscillate between $0.055621 and $0.065609, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading 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 $49 million.
Enjin Coin’s Surprises of the Day
Yesterday, the metrics price, holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Over the past 24 hours, 1,305 transfers have been added to the blockchain recording transactions amongst holders of Enjin Coin. As for the number of holders, yesterday saw the number of wallets holding Enjin Coin jump by 54. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Enjin Coin ranked 11 out of the 34 Ethereum tokens we’re tracking.
How are the Strong Holders of Enjin Coin Faring?
In terms of wealth concentration, the richest 1,000 wallets own 75.8% 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 8.53% 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 -0.11%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.11%.
How Much Development is Occurring?
Enjin Coin hasn’t had any activity on any of its GitHub repos since October 25, 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 0.1.
The Latest on Enjin Coin and Social Media
In terms of social media presence, Enjin Coin saw its Reddit subscribers go up by 13 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Enjin Coin on Twitter here.
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
