Enjin Coin

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/coinbase-delists-enjin-coin-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Delists Enjin Coin</a><br></p>
<p style="text-align: justify">Coinbase, a major cryptocurrency exchange, has announced the delisting of Enjin Coin (ENJ) from its platform. This move, although pre-announced, has created a significant stir in the market. Known for its high trading volumes, Coinbase’s decision has had an immediate impact on ENJ’s <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market performance</a>.</p>
<h2 id="why-did-coinbase-delist-enj">Why Did Coinbase Delist ENJ?</h2>
<p style="text-align: justify">The decision by Coinbase to disable trading for Enjin Coin has raised many eyebrows. The exchange clarified that while trading has been halted, users’ funds remain accessible for withdrawal at any time. The move underscores the influence major exchanges hold over specific cryptocurrencies, often leading to substantial market reactions.</p>
<h2 id="what-happened-to-enj-s-price">What Happened to ENJ’s Price?</h2>
<p style="text-align: justify">Following the delisting <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">news</a>, Enjin Coin experienced a sharp decline in its price. As of now, ENJ is trading at $0.2085, marking an 8.51% drop in the last 24 hours. This decline has also affected the altcoin’s market capitalization, which has shrunk to $306 million, pushing it down to the 182nd position on CoinMarketCap’s volume rankings.</p>
<p style="text-align: justify">Despite the price drop, trading activity around ENJ showed an interesting trend. The 24-hour trading volume saw a slight increase of 1%, reaching over $19 million, indicating that investors are actively trading the asset amid the uncertainty.</p>
<h2 id="insights-for-investors">Insights for Investors</h2>
<ul>
 <li>Monitor exchange announcements closely as they can have immediate impacts on asset prices.</li>
 <li>Keep an eye on trading volumes as they can signal market sentiment shifts.</li>
 <li>Understand that delisting by major exchanges can significantly affect an asset’s market cap and ranking.</li>
</ul>
<p style="text-align: justify">Investors are now closely watching further developments in the wake of Coinbase’s decision. The market’s response to this delisting serves as a reminder of the volatility and rapid changes prevalent in the cryptocurrency world.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/coinbase-delists-enjin-coin-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Delists Enjin Coin</a></h5>

Coinbase Delists Enjin Coin

Table of Contents

BH NEWS

Other articles published on Jun 14, 2024

MoonBag Presale Soars Past $2M, Beats Hedera and Arweave as the Best Presale in 2024, Offering 88...

DeFi Protocol UwU Lend Suffers Second $3.7 Million Attack During Reimbursement Process

Investors Seize Ethereum Price Drop for Significant Accumulation

Case Shock Against Binance's Partner, Bitcoin (BTC) Supporter Bank!

Crypto News Today: Market Plunge Follows U.S. Data Release

Top Reasons Why Ethereum Price Could Break $10,000 Soon

Join our free newsletter for daily crypto updates!