September 18, 2019: Enjin Coin (ENJ): Up 2.01%; Surprising Moves In Transfers Added


Enjin Coin Price Update

Enjin Coin is up by approximately 2.01% from the previous day, with its price currently hovering around $0.07262 USD. This marked the the 2nd consecutive day Enjin Coin has been up; it is still in a downtrend, and is currently 3.25% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $0.062808 and $0.087315, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

Where to trade Enjincoin (symbol: ENJ): Gate, Yobit, Stex, Binance, Ethfinex

As for Enjin Coin’s market cap, it is currently at about $55M US dollars.

Enjin Coin’s Surprises of the Day

Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Update on Transactions and Holders

Over the past 24 hours, 1,069 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 0. If we observe percentage growth in holders and transfers, we find that Enjin Coin ranks 17 out of the 50 Ethereum tokens we are tracking.

Observing Enjin Coin’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 75.36%. 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 7.77% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.17%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.45%.

How Much Development is Occurring?

Enjin Coin hasn’t had any activity on any of its GitHub repos since September 17, 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 per day, while the number of followers watching Enjin Coin’s repositories is growing by 0.43.

What’s Going on Social Media?

If you are interested in following Enjin Coin on social media, Facebook, where it has 57,237 following it, may be a good place to start.

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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