<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-delists-enjin-coin/" data-wpel-link="internal">Coinbase Delists Enjin Coin</a><br></p>
<p style="text-align: justify">Large movements in <a href="https://en.coin-turk.com/famous-fund-manager-reveals-bitcoin-and-ethereum-price-targets-points-to-promising-altcoin/" data-wpel-link="internal">altcoin</a> prices can occur due to listing and delisting <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> from exchanges. Especially, the impact of high-volume exchanges on this issue is often greater. While exchanges like Binance and Coinbase have recently been known for their listings, a delisting announcement by Coinbase a few minutes ago caused a significant stir in the market.</p> 
<h2 style="text-align: justify" id="coinbase-delists-enjin-coin">Coinbase Delists Enjin Coin</h2> 
<p style="text-align: justify">Coinbase, which has been generally known for its listings recently, announced that Enjin Coin (ENJ) has been closed to transactions. Although this was a planned and pre-announced development, it still created a noticeable impact in the market.</p> 
<p style="text-align: justify"><strong>Coinbase</strong> is known to have a significant impact on trading volumes when it delists certain cryptocurrencies, which can negatively affect those altcoins.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362583" src="https://coin-turk.com/wp-content/uploads/2024/06/enjin-coin-enj-coinbase-delist-coin-turk-com.png" alt="" width="719" height="346"></p> 
<p style="text-align: justify">The announcement from Coinbase was as follows:</p> 
<blockquote> 
 <p>We have disabled trading for Enjin Coin (ENJ). Your funds will remain accessible to you, and you can withdraw them at any time.</p> 
</blockquote> 
<h2 style="text-align: justify" id="what-is-enj-s-price">What is ENJ’s Price?</h2> 
<p style="text-align: justify">Following the Coinbase news, attention turned to the <strong>ENJ</strong> price. The ENJ price appears to be continuing its decline that started about 2 hours ago. ENJ continues to trade at $0.2085 after an 8.51% drop in the last 24 hours, and the decline continues.</p> 
<p style="text-align: justify">Following the news, the altcoin’s market cap also saw a noticeable contraction, falling to $306 million. This situation pushed it down to the 182nd position on Coinmarketcap’s volume rankings.</p> 
<p style="text-align: justify">On the other hand, the 24-hour trading volume reflected <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ rush to sell. Despite the price drop, there was a positive trend in trading volume. The volume increased by 1% in the last 24 hours, reaching over $19 million.</p> 
<p style="text-align: justify">Investors seem to continue closely monitoring what developments might occur on the ENJ side following the delisting decision by a high-volume exchange like Coinbase.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/coinbase-delists-enjin-coin/" data-wpel-link="internal">Coinbase Delists Enjin Coin</a></h5>

Coinbase Delists Enjin Coin

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