Enjin Coin: What’s the Latest Regarding its Price?
Enjin Coin is down by approximately 6.83% from the previous day, with its price currently hovering around $0.07184 USD. Enjin Coin enters the day 3.7% below its 20 day moving average, and is experiencing its the 3rd consecutive day down. 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 $0.058741 and $0.090467. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
Where to trade Enjincoin (symbol: ENJ): Gate, Yobit, Stex, Binance, Ethfinex
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 $58 million.
What Anamolies Occurred Since Yesterday?
Yesterday, the metrics 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
Yesterday saw 1,014 transfers amongst holders of Enjin Coin. In terms of estimating the number of holders, over the past day the total number of wallets holding Enjin Coin has gone up by approximately 132. If we observe percentage growth in holders and transfers, we find that Enjin Coin ranks 16 out of the 32 Ethereum tokens we are tracking.
Observing Enjin Coin’s Richest Wallets
The top 1,000 Enjin Coin wallets hold over 75.52% of the token’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 8.22% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.2% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%.
Technical Development Status
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 September 11, 2019 (today). 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 0.5.
Enjin Coin’s Social Media Presence
Social media growth, in terms of Twitter followers, came in at up 4 over the past day for Enjin Coin. Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring.
Where to Buy
You can trade Enjincoin, listed under the symbol ENJ, through the following exchanges: Gate, Yobit, Stex, Binance, Ethfinex.
Article by SixJupiter
