Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...
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Last updated:
June 26, 2023
Source: Jezael Melgoza/UnsplashThe crypto exchange Coinbase Japan has almost doubled the number of tokens it lists on its platform, taking the total of coins listed from six to 11 – a suggestion that Japanese exchanges could start significantly expanding the number of tokens they handle.
On Twitter, the exchange’s Japanese arm wrote that it had begun trading chainlink (LINK), enjin Coin (ENJ), OMG (OMG), ethereum classic (ETC), and basic attention token (BAT).
The firm launched its Japanese branch in August last year, listing an initial three tokens. It has since added another three. But the listing process is notoriously difficult in Japan. Until very recently, all token listing applications had to be approved by the self-regulatory Japan Virtual and Crypto Assets Exchange Association (JVCEA) – in a process that could often take several months to complete.
Source: CoinbaseEarlier this year, however, the JVCEA announced its intention to streamline the process and allow exchanges to cut corners, particularly in instances whereby an exchange wants to list a token that has already been listed on a domestic rival’s platform.
The regulatory Financial Services Agency says it wants to have the final say on listing policy changes, but looks to be begrudgingly following suit with the government’s relatively pro-crypto stance.
Japanese Exchanges Hope to List More TokensPrime Minister Fumio Kishida has spoken about Web3 in glowing terms, and has agreed to make a number of concessions to the domestic crypto sector. Japanese businesses working in the crypto space have claimed of over-regulation, while political opponents say that Japanese crypto talent and capital are both flowing overseas.
As such, exchanges have been taking advantage – and some are now rapidly expanding the number of coins they list. While at the start of the year, no exchange listed more than 20 tokens, some are on course to end the year with as many as 30 coins on their platforms.
Coinbase’s own entry into the Japanese market was a slow process. Japan’s crypto exchange scene is dominated by domestic startups like bitFlyer.
Source: CoinMarketCapLarger Japanese conglomerates’ crypto subsidiaries are also active on the scene, as are platforms that are run by local securities firms – such as Coincheck.
Source: CoinMarketCapBut Coinbase’s entry made headlines after the firm last year announced its launch in partnership with Mitsubishi UFJ Financial Group, one of the largest banks in the country.
Undeterred by the centralization conflicts that had engulfed the Steem ecosystem and Tron Foundation’s Justin Sun, for the most part, STEEM has continued with its upward trajectory. However, the current indices tell a different picture.
At press time, it was priced at $0.179 after a drop of 3.93 over the past 24-hours. STEEM further registered a market cap of $65.9 million and a 24-hour trading volume of $9.30 million.
Resistance: $0.297
Support: $0.110
MACD: The MACD line moving above the signal line depicted a bullish trend for STEEM in the near term.
CMF: The CMF lying the bearish territory indicated the outflow of capital from the STEEM market.
Huobi Token [HT]:
Despite this year’s expansion plans of the crypto exchange, Huobi, its native token – HT, has, so far, failed to reciprocate positively. However, there could be trend reversal in the offing.
HT registered a market cap of $837.2 million and a 24-hour trading volume of $150.3 million, at press time It was valued at $3.71 after a surge of 4.68% over the past 24-hours.
Resistance: $4.103, $5.041
Support: $2.394
Parabolic SAR: The dotted markers were below the price candles which indicated a bullish phase for the Huobi Token
Awesome Oscillator: The closing green bars of the AO also aligned with the bulls.
Enjin Coin [ENJ]:
At press time, Enjin Coin [ENJ] was priced at $0.096 after a surge of whopping 7.27% over the last 24-hours. It registered a market cap of $78.93 million and a 24-hour trading volume of $7.11 million.
Resistance: $0.146
Support: $0.043
Klinger Oscillator: The KO pictured bears weighing in on the coin’s price in the near-term.
RSI: The RSI, however, was well above the 50-median neutral zone depicting a bullish sentiment among the investors in the ENJ market.
As promised, the leading US crypto exchange Coinbase has dramatically increased the number of coins supported on its platform. The company just added Stellar (XLM), a few weeks after the long-rumored debut of XRP.
So which coins will land the coveted Coinbase listing next?
Back in December, Coinbase revealed it’s taking a hard look at 31 additional cryptocurrencies. The platform now supports Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar, Ethereum Classic, Zcash, 0x, Basic Attention Token and USD Coin.
That leaves 28 coins on Coinbase’s list of prospects.
Coinbase Pro, the company’s professional trading platform, already supports a handful of the coins on the list above: Civic, Dai, District0x, Golem, Loom, Decentraland and Zcash.
April has begun on a positive note for most altcoins. In less than 48 hours, altcoins across the spectrum have registered gains in their prices. The examples of Tezos, Augur, and Enjin coin are cases in point. Since yesterday, these alts have surged in value, registering price rises up of up to 10 percent.
Tezos [XTZ]
Tezos was in the headlines recently after Coinbase reported that it had migrated its Tezos staking bakery from the United States to Ireland.
At the time of press, Tezos continued to be one of the best performing altcoins, with its trading value increasing to $1.68 while registering an over 10 percent rise in less than two days. If the bullish momentum were to sustain, Tezos will be on track to breach the resistance at $1.79. However, if things take a turn for the worse, Tezos’ supports at $1.5 and $1.4 are likely to come to the rescue of the coin.
At the time of writing, the CMF indicator was just above the neutral zone, indicating relatively high buying pressure. The Stochastic indicator also echoed a similar sentiment as it was firmly placed in the overbought zone.
Augur [REP]
After its massive price drop, Augur was on its way to recover most of its losses. The recent surge saw Augur’s price rise by 4 percent, pushing its price to $10.14. For Augur, if the price were to endure bearish pressure, then there are two supports at $9.8 and $9.5. However, if its upward price action were to continue, Augur would soon be testing the resistance at $11.18.
According to the MACD indicator, the coin underwent a bearish crossover; however, there is the possibility of a reversal since the MACD line was, at press time, heading upwards towards the signal line and may soon go above it. The RSI indicator showed bullish sentiment, as it was moving towards the overbought zone.
Enjin Coin [ENJ]
Enjin Coin, an Ethereum-based cryptocurrency, has had quite an impressive run over the past 24-hours. At press time, ENJ was being traded at $0.092 and it had a market cap of $75 million. In less than 48 hours. the coin managed to increase its price by over 11 percent. For ENJ, there were two strong points of support at $0.084 and $0.080, if the price were to fall. However, if it keeps up the momentum, the resistance at $0.095 would soon be in striking distance.
The MACD indicator for ENJ had undergone a bearish crossover yesterday; however, the MACD line and the signal line looked like they will soon converge. The CMF indicator was showing high buying pressure, generally a bullish sign.
Months ago, Binance announced its Binance US and began to accept deposits from US citizens on September 18, starting with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC) and USDT.
Binance US later grew this number to 19 and according to a recently published blog post written by Binance US CEO Catherine Coley, the company is now considering adding another 18 tokens to those already listed.
In the post, the exchange suggests that its decision to expand its list of supported tokens is borne out of the need to have “the most diverse selection of high-quality digital assets, without high fees.”
This expansion is bound to ensure that all of the exchange’s customers are not denied access to the bigger market with a lot more tokens and competition, ensuring that customers can trade assets with “true utility.”
The tokens currently been considered are Celer Network (CELR), Decreed (DCR), Enjin Coin (ENJ), Fantom (FTM), Icon (ICX), IOST (IOST), Komodo (KMD), OmiseGo (OMG), Harmony (ONE), Ontology (ONT), Ren (REN), Status (SNT), Theta (THETA), TomoChain (TOMO), Tron (TRX), NEM (XEM), Tezos (XTZ), and Hedera Hashgraph (HBAR).
The announcement also adds a reminder that all new users will get a $15 bonus when they sign up and will be able to trade free of charge for 30 days as it has been doing since the launch. Because Binance US is unavailable in some US states, the announcement also intimates that the platform is working on expanding access to the states that do not have Binance US access.
On the issuance of these tokens, Coley suggests that the company will take whatever measures it deems fit, to protect against fraud:
“Binance.US recognizes that the ease of issuing blockchain tokens and the perceived lack of regulation could make these tokens targets for abuse. Binanace.US has both legal obligations and moral duties to shield our users from fraudulent blockchain projects and combat financial crimes.”
Coley then concludes by asking the public to do “digital homework” before any decisions are made suggesting that customers are to not only learn about the prospective assets but also about methods being used by Binance.
Cryptocurrency exchange Coinbase announced in its statement that it will delist the Enjin Coin (ENJ) altcoin. Delist will take place on June 14.
The reason for the delist was that Coinbase regularly audits the standards of the altcoins it lists. ENJ price decreased after the delist news.
ENJ is an altcoin listed on almost all major cryptocurrency exchanges, including Binance, and has a market cap of $500 million.
ENJ, which has a long history, first started trading in 2018. At the time of writing, the token is trading approximately 92% lower than its all-time high reached in 2021.
Just minutes ago, Coinbase also decided to delist the MTL token. However, in the delist in question, the reason was given that the altcoin switched to another network other than Ethereum.
*This is not investment advice.
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Crypto exchange Coinbase in a surprising move on Friday announced suspending trading for Enjin Coin (ENJ) from mid-June. As a result, ENJ price tumbled 10% in a few hours, with the fall extending to over 20% this week. The crypto exchange also announced a suspension of trading for Metal (MTL), causing a more than 8% fall in prices.
Coinbase Announces ENJ and MTL Trading Suspension In the latest posts on X on May 31, Coinbase said it will suspend trading for Enjin Coin (ENJ) based on recent reviews. Users will not be able to trade Enjin Coin (ENJ) from around 2 PM ET on June 14.
“We regularly monitor the assets on our exchange to ensure they meet our listing standards,” said Coinbase, citing reasons for the suspension.
Notably, trading will be suspended on Coinbase Simple and Advanced Trade, Coinbase Exchange, Coinbase Prime, and Native DEX. This indicates an overall takedown of Enjin Coin from the crypto exchange, sparking concerns among ENJ holders as they panic sell their tokens.
Coinbase also stated that it has moved ENJ order books to limit-only mode. This would allow limit orders to be placed and canceled, and matches may occur.
ENJ price dropped more than 15% after the announcement, with the price currently trading at $0.316. Derivatives trading also witnessed a massive decline in ENJ open interest after the move by Coinbase.
Also Read: Mt Gox $10B Bitcoin Distribution Won’t Affect BTC Price: Details
Metal Dao (MTL) Price Plunges 9% Coinbase asked users to transfer their MTL tokens to a self-custodial wallet that will support MTL V2 by June 23rd at 11 PM ET to ensure access to the airdropped assets. “If you do not transfer your MTL assets by this date, you will not be able to access the V2 assets,” the exchange asserts.
Coinbase will not support MTL token airdrop. It will suspend trading for Metal DAO (MTL) at 2 PM ET on June 14. The exchanges has moved MTL order books to limit-only mode, similar to Enjin Coin (ENJ).
MTL price fell 9% after the news and extended the fall by over 12% this week, with the price currently trading at $1.67. The 24-hour low and high are $1.61 and $1.82, respectively. Furthermore, the trading volume has decreased by 42% in the last 24 hours, indicating a decline in interest among traders.
Also Read: Will Bitcoin, ETH, SOL, XRP, SHIB Prices Set to Rally in June as CPI & PCE Inflation Cools
The Enjin Coin (ENJ) price outlook remains predatory after the sharp decline registered last week, with on-chain data showing that some whales benefited from the fallout by accumulating ENJ.
Enjin Coin whales capitulation and accumulation ENJ price fell sharply last week. The gaming-related token declined 26% from the $0.3978 high on May 28 to the $0.2923 low on June 2, extending losses for six consecutive trading days.
On-chain data provider Santiment’s Network Realized Profit/Loss (NPL) indicator computes a daily network-level Return On Investment (ROI) based on the coin’s on-chain transaction volume. Simply put, it is used to measure market pain. Strong spikes in a coin’s NPL indicate that its holders are on average, selling their bags at a significant profit. Strong dips, on the other hand, imply that the coin’s holders are on average realizing losses, suggesting panic sell-offs and investor capitulation.
In ENJ’s case, the NPL indicator spiked from -2,445 on May 30 to -7.5 million on June 2, coinciding with a 15.8% price crash. This massive negative downtick indicates that the holders are, on average, realizing losses, suggesting panic sell-offs and investor capitulation.
During this capitulation event, the ENJ supply on exchanges rose from 19.75% from May 30 to June 2. This is a bearish development, which further denotes investor confidence in ENJ.
ENJ Network Realized Profit/Loss chart
Looking at Santiment’s Supply Distribution metric shows that whales with 1 million to 10 million ENJ tokens dropped from 167.09 million to 146.65 million from June 2. Meanwhile, wallets holding 10 million to 100 million ENJ surged from 146.65 million to 190.24 million in the same period.
This interesting development shows that the first cohort of whales could have fallen prey to the capitulation event while the second set of wallets seized the opportunity and accumulated ENJ at a discount.
ENJ Supply distribution chart
In spite of strong on-chain data for Enjin Coin, if market sentiment sours and Bitcoin's price takes a bearish turn, then the overall crypto market could crash, invalidating the bullish thesis for Enjin. Investors should exercise caution, as the Enjin price could potentially crash alongside Bitcoin.
Enjin Coin (ENJ) is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. In this article, you can find answers to two frequently asked questions: What is Enjin Coin (ENJ) and how to buy Enjin Coin (ENJ) with TRY.
What is Enjin Coin (ENJ)?Enjin Coin is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. Enjin Coin provides developers with tools to seamlessly create and integrate digital assets, addressing long-standing issues of high fees and fraud in the transfer of in-game items and collectibles.
Enjin Coin offers software development kits (SDKs) that allow developers to create and manage digital assets on the Ethereum Blockchain. These SDKs enable developers to mint customizable assets and register them on smart contracts, leveraging the advantages of cryptocurrency such as speed, cost-effectiveness, and security.
At the heart of the ecosystem is the ENJ coin, the main network asset. Every in-game item created on the Enjin Coin platform is assigned a value in ENJ coin, providing a unified currency for transactions within the gaming ecosystem.
The primary use of Enjin Coin is to allow users to manage and store virtual goods for games. These products can range from in-game currencies to tokens representing unique game items. Enjin Coin facilitates the creation, exchange, and destruction of these items through a streamlined process.
Enjin Coin offers a native smart wallet that serves as a central hub for users to store and trade their digital assets. The wallet allows users to value their inventory across multiple games, trade with other users, and sell their digital products for ENJ coin, enhancing accessibility and liquidity within the Enjin Coin ecosystem.
How to Buy Enjin Coin (ENJ) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Enjin Coin (ENJ). On Binance TR, where you can quickly create an account, more than 100 cryptocurrencies, including ENJ, can be bought and sold. Follow these steps to buy Enjin Coin (ENJ) with TRY on Binance TR.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. Go to trbinance.com and continue from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, an email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or the official Binance TR website. Note that you will also need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify”. After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click on the “Copy URL” option to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, you can continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and the information in the photos you take can be easily read when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. After the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without interruption. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting the bank you prefer. If the bank you prefer is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is transfer the amount you want to deposit into your Binance TR account using the information displayed on the page of the bank you chose.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ENJ Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to ENJ coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the page below will open. By typing “ENJ” in the search section on the right side of this page and clicking on the ENJ/TRY option from the results, you can go to the TL to ENJ purchase page.
Now the ENJ trading page below will open. In this page, in the area marked with a red box, you need to enter the price at which you want to buy ENJ in the first box and the number of ENJ you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ENJ” button.
What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users are supported with Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Large movements in altcoin prices can occur due to listing and delisting news 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.
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.
Coinbase is known to have a significant impact on trading volumes when it delists certain cryptocurrencies, which can negatively affect those altcoins.
The announcement from Coinbase was as follows:
We have disabled trading for Enjin Coin (ENJ). Your funds will remain accessible to you, and you can withdraw them at any time.
What is ENJ’s Price?Following the Coinbase news, attention turned to the ENJ 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.
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.
On the other hand, the 24-hour trading volume reflected investors‘ 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.
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.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Story HighlightsThe live price of the Enjin token is Loading live price The ENJ price could reach a potential high of about $0.06602 by the end of 2026.The Enjin blockchain has grown to a vibrant Web3 gaming ecosystem with over 4 million users and already 1.2 billion NFTs minted.The Enjin (ENJ) network has grown to a vibrant ecosystem with more than 4 million users and over 1.2 billion NFTs already minted. The notable growth of the web3 gaming industry in the past few years has played a crucial role in the mainstream adoption of the ENJ token, which is used for governance purposes, staking, and paying transaction fees.
In the next five years, the ENJ price will be heavily influenced by the macroeconomic crypto outlook, in addition to the regulatory frameworks in major jurisdictions led by the United States, the EU, and BRICS nations.
So, let’s dive deep into Enjin (ENJ) price prediction for 2026 – 2030.
OverviewCryptocurrency Loading cryptocurrency name Token Loading cryptocurrency symbol Price Loading live price Loading 24 hour change Market cap Loading market cap Circulating Supply Loading circulating supply Trading Volume Loading trading volume All-time high $4.85 on 25th November 2021All-time low$0.00036 on 11 October 202524 High Loading 24 hour high 24 Low Loading 24 hour low *The statistics are from press time.
As of June 2026, Enjin is undergoing a major ecosystem upgrade focused on the adoption of Web3 gaming. The recent Kallang mainnet upgrade improved staking, removed legacy controls, and enhanced cross-chain compatibility through the updated Polkadot SDK.
At the same time, Enjin Platform v3 is introducing new tools for game developers, including Unity and Unreal Engine plugins, direct wallet integrations, and “Fuel Tanks” that allow developers to cover transaction fees for players.
Unlike many projects, ENJ demand is closely tied to gaming activity. As more games use NFTs, Fuel Tanks, and on-chain assets, more ENJ can become locked within the ecosystem, helping support long-term demand.
As of now, ENJ is trading around $0.0319, down nearly 3% in the last 24 hours. Analysts expect ENJ to reach $0.066 by the end of 2026, with further upside possible if the project delivers major upgrades or important announcements.
YearPotential LowPotential Average Potential High 2026$0.0189$0.0362$0.06602Enjin Technical Price Analysis for 2026Enjin Coin (ENJ) remains under pressure after failing to hold its strong April rally. The chart shows ENJ trading near a key support zone around $0.031, which has acted as a buying area several times. A break below this support could send the price toward the lower support near $0.018.
On the upside, ENJ needs to reclaim $0.036 first to confirm short-term strength. If buyers push above that level, the next major resistance sits around $0.066. The RSI is recovering from oversold conditions, suggesting selling pressure is easing, but momentum remains weak.
For now, ENJ is in a recovery phase, with price likely ranging between $0.027 and $0.066 until a clear breakout occurs.
Enjin Q3 Price Prediction 2026Q3 is expected to focus on developer adoption as Enjin rolls out its new C# and C++ SDKs. These tools make it easier for traditional game studios to integrate blockchain features into their games.
If adoption continues to grow, developer demand for ENJ-powered Fuel Tanks could help support price stability. Based on current trends, ENJ could trade between key support and resistance levels as it builds momentum ahead of major product launches later in the year.
Enjin Q4 Price Prediction 2026Q4 could be the most important quarter for Enjin in 2026. The planned launch of dedicated Unity and Unreal Engine plugins will significantly lower the barrier for game developers entering Web3.
If major studios begin using Enjin’s NFT infrastructure and Fuel Tank system during the holiday gaming season, on-chain activity could rise sharply. Combined with a broader Web3 gaming recovery, this may create stronger demand for ENJ and support a larger year-end rally.
Enjin Price Prediction 2027New game launches and growing partnerships attract more users and developers, supporting ENJ near $0.03940.
Enjin Price Prediction 2028By 2028, cross-chain NFT expansion and wider blockchain gaming adoption could lift activity, targeting $0.880.
Enjin Price Prediction 2029Advanced in-game economies and player-owned marketplaces strengthen utility, potentially pushing ENJ toward $2.14 by 2029
Enjin Price Prediction 2030By 2030, mainstream blockchain gaming adoption could establish Enjin as a leading gaming infrastructure network, reaching $5.
Also Check Out: Gala Games Price Prediction 2025-2030
CoinPedia’s Enjin Coin Price PredictionAs per Coinpedia’s formulated forecast, ENJ price may reach a potential peak of about $0.16182 and a possible low of around $0.066 by the end of 2026.
The exponential growth of the ENJ token is heavily dependent on the likely to happen altseason in 2026, especially after Bitcoin’s dominance signaled a potential reversal pattern.
YearPotential LowPotential Average Potential High 2026$0.0189$0.0362$0.0066Market AnalysisFirm Name202620272030Coincodex$0.1175$0.1098$0.131Tradersunion$0.0562$0.75$2.50Pricepredictions$0.136438$0.212238$0.515434We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQsCan Enjin coin be mined?
Yes, it is possible to mine Enjin Coin.
Is Enjin Coin a good investment?
Although not investment advice, Enjin Coin might be a profitable investment for the long term as it aims to provide more benefits to its users.
How to buy Enjin Coin?
Enjin Coin is available for trade across prominent cryptocurrency exchange platforms such as Coinbase, Zebpay, and Kraken, amongst others.
Can Enjin Coin rise in 2026?
CoinPedia forecasts ENJ could reach a potential high of $0.06602, with a possible low of $0.00189, by the end of 2026. This depends heavily on a potential “altseason.”
Story Ends Here
Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.
Leading cryptocurrency exchange Binance announced its support for Enjin Coin’s (ENJ) network upgrade scheduled for September 9, 2024, at 16:00 UTC. To facilitate the update for its users, the exchange will temporarily suspend ENJ coin deposits and withdrawals starting from 15:00 UTC on the same day.
ENJ Deposits and Withdrawals to Be Temporarily SuspendedThe planned network upgrade is expected to occur at block height 6,678,271, enhancing the performance and features of the Enjin Coin network. While ENJ deposits and withdrawals will be temporarily halted, Binance confirmed that Enjin Coin trading on the platform will continue uninterrupted throughout the update process. This means users can continue trading without any disruption before and during the update.
Binance assured its users that it will meet all technical requirements related to the network upgrade to ensure a smooth transition and minimize potential issues.
Following the upgrade, Binance will resume Enjin Coin deposits and withdrawals without a separate announcement once the network’s stability and smooth operation are confirmed.
Binance’s approach in the case of ENJ coin reflects the exchange’s commitment to providing a seamless user experience, especially during network upgrades that can cause technical issues. Users, particularly those who may need to access their Enjin Coins outside the exchange during the temporary suspension of ENJ deposits and withdrawals, should plan accordingly.
What is Enjin Coin?Known for its role in blockchain-based gaming and cryptocurrency, Enjin Coin continues to evolve, and this latest update is expected to further strengthen the network’s features. Binance’s support for the planned upgrade of the altcoin reflects its commitment to supporting technological advancements in the cryptocurrency market.
The exchange’s announcement ensures users that their ENJ coins will be safe and that Binance will take all necessary steps to provide a stable and reliable trading environment during the update.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key NotesENJ surged past $0.10, marking a 60%+ daily gain.The token’s market cap briefly topped $200 million, pushing it up 80 ranks.A breakout from a long-standing downtrend was confirmed by two strong daily green candles. Enjin Coin ENJ $0.0305 24h volatility: 0.7% Market cap: $60.34 M Vol. 24h: $10.00 M has soared over 60% in the past 24 hours, now trading at $0.1088. The token has recorded a 2,400% jump in trading volume, now at $421 million. This rally marks a decisive breakout from months of bearish consolidation amid the broader surge in NFT utility tokens.
According to the data by CoinMarketCap, ENJ’s market cap briefly climbed above $200 million, lifting the token nearly 80 spots on the global crypto leaderboard.
The driving force behind the explosive move appears to be the recent launch of Enjin’s newly launched NFT Software Development Kit (SDK). The product enables developers to easily embed NFTs into gaming environments and other applications.
📈 $ENJ surges 33% to $0.0903 as traders spot fresh momentum, point to key reasons behind the pump:
🔹 NFT SDK launch: Enjin's new dev tool fuels optimism for NFT adoption
🔹 Volume… pic.twitter.com/aIygAYXdda
— Mayank Dudeja (@imcryptofreak) April 21, 2025
Additionally, the recent integration of the Efinity parachain into the Polkadot ecosystem has also improved Enjin’s scalability. The blockchain is now more equipped to support real-time gaming economies and large-scale NFT deployments.
ENJ Price Outlook Notably, since December 2024, ENJ was trading within a downward parallel channel. On Sunday, the price move suddenly flipped as ENJ punched through both the upper trendline and a crucial horizontal resistance. Two strong green candles on the daily chart marked this breakout.
$ENJ is trading at $0.0901, reflecting a 34.99% increase over the past 24 hours, with a trading volume of $200.62 million and a market capitalization of $161.12 million. This surge is attributed to several factors: the launch of the Enjin NFT SDK, enabling seamless integration of…
— siren (@genius_sirenBSC) April 21, 2025
X analysts are now eyeing the $0.32 level as the next target—a potential 300% surge from current levels.
On the daily ENJ price chart, the MACD has just printed a bullish crossover, with histogram bars flipping green. This is typically an early confirmation of a sustained uptrend.
ENJ price chart | Source: TradingView
Meanwhile, the RSI is sitting at 72.94, signaling overbought conditions. While this could suggest a short-term pullback, in strong rallies, the RSI often remains elevated for extended periods.
ENJ price chart | Source: TradingView
Bollinger Bands are widening, with ENJ closing above the upper band, which acts as a dynamic resistance level (currently near $0.0916).
On the other hand, if the token takes a downward direction and fails to maintain above the middle band (20-day SMA), traders could see short-term pullbacks.
Enjin’s rally aligns with a broader rally in gaming utility tokens, which have gained 7.67% over the past 24 hours.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Bullish ENJ price prediction for 2025 is $0.1188 to $0.1866. Enjin Coin (ENJ) price might reach $1 soon. Bearish ENJ price prediction for 2025 is $0.0355. In this Enjin Coin (ENJ) price prediction 2025, 2026-2030, we will analyze the price patterns of ENJ by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
INTRODUCTION
Enjin Coin (ENJ) Current Market StatusWhat is Enjin Coin (ENJ)?Enjin Coin (ENJ) 24H TechnicalsENJIN COIN (ENJ) PRICE PREDICTION 2025
Enjin Coin (ENJ) Support and Resistance LevelsEnjin Coin (ENJ) Price Prediction 2025 — RVOL, MA & RSIEnjin Coin (ENJ) Price Prediction 2025 — ADX, RVIComparison of ENJ with BTC, ETHENJIN COIN (ENJ) PRICE PREDICTION 2026, 2027-2030CONCLUSIONFAQ Enjin Coin (ENJ) Current Market Status Current Price $0.06680 24 – Hour Price Change 1.17% Down 24 – Hour Trading Volume $10.1M Market Cap $125.41M Circulating Supply 1.87B ENJ All – Time High $4.85 (On Nov 25, 2021) All – Time Low $0.01562 (On Nov 03, 2017) ENJ Current Market Status (Source: CoinMarketCap) What is Enjin Coin (ENJ) TICKERENJBLOCKCHAINEthereumCATEGORYERC-20 TokenLAUNCHED ONJune 2018UTILITIESGovernance, Fast Transactions, gas fees & rewards Enjin Coin (ENJ) is an ERC-20 token native to the Enjin platform, a gaming community platform. The transactions of ENJ are secured in the network by the proof-of-work (PoW) mechanism.
ENJ is used to buy, sell and trade NFTs in the Enjin ecosystem. Thus, these tokens serve primarily as utility tokens for backing NFTs. Users and developers can use Enjin (ENJ) to mint and create unique in-game NFTs. Along with ENJ, the Enjin ecosystem also has another token called Efinity token (EFI) which is the governance token of the native decentralized Enjin metaverse.
Enjin ecosystem enables users to utilize its native blockchain products to create unique NFTs for businesses, especially in the gaming industry.
Enjin Coin 24H Technicals
(Source: TradingView)
Enjin Coin (ENJ) ranks 307th on CoinMarketCap in terms of its market capitalization. The overview of the Enjin Coin price prediction for 2025 is explained below with a daily time frame.
In the above chart, Enjin (ENJ) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. Higher prices often follow the descending channel pattern. But only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
A trader could make a selling bet within a descending channel when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Enjin Coin (ENJ) was recorded at $0.06680. If the pattern trend continues, then the price of ENJ might reach the resistance levels of $0.1203 and $0.1622. If the trend reverses, then the price of ENJ may fall to the support of $0.0862 and $0.0589.
Enjin Coin (ENJ) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Enjin Coin (ENJ) in 2025.
ENJ/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Enjin Coin (ENJ) for 2025.
Enjin Coin (ENJ) Price Prediction 2025 — RVOL, MA, and RSI The technical analysis indicators, such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (ENJ), are shown in the chart below.
ENJ/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Enjin Coin (ENJ) market in 2025.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.0826Price = $0.0909
(50MA < Price)Bullish/UptrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions63.9425
<30 = Oversold
50-70 = Neutral>70 = OverboughtNeutralRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume Enjin Coin (ENJ) Price Prediction 2025 — ADX, RVI In the below chart, we analyze the strength and volatility of Enjin Coin (ENJ) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ENJ/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Enjin Coin (ENJ).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum58.6050Strong TrendRelative Volatility Index (RVI)Volatility over a specific period54.12<50 = Low
>50 = High
HIgh volatility Comparison of ENJ with BTC, ETH Let us now compare the price movements of Enjin Coin (ENJ) with those of Bitcoin (BTC) and Ethereum (ETH).
BTC Vs ETH Vs ENJ Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of ENJ is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ENJ also increases or decreases respectively.
Enjin Coin (ENJ) Price Prediction 2026, 2027 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Enjin Coin (ENJ) between 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish PriceEnjin Coin (ENJ) Price Prediction 2026$3$0.03Enjin Coin (ENJ) Price Prediction 2027$5$0.02Enjin Coin (ENJ) Price Prediction 2028$6$0.01Enjin Coin (ENJ) Price Prediction 2029$9$0.009Enjin Coin (ENJ) Price Prediction 2030$10$0.008 Conclusion If Enjin Coin (ENJ) establishes itself as a good investment in 2025, this year would be favorable to the cryptocurrency. In conclusion, the bullish Enjin Coin (ENJ) price prediction for 2025 is $0.1866. Comparatively, if unfavorable sentiment is triggered, the bearish Enjin Coin (ENJ) price prediction for 2025 is $0.0355.
If the market momentum and investors’ sentiment positively elevate, then Enjin Coin (ENJ) might hit $1. Furthermore, with future upgrades and advancements in the Enjin Coin ecosystem, ENJ might surpass its current all-time high (ATH) of $4.85. and mark its new ATH.
FAQ 1. What is Enjin Coin (ENJ)? Enjin Coin (ENJ) is the native cryptocurrency of the Enjin Coin Network. It was launched as an ERC-20 token in 2017. It majorly is deployed in backing the NFTs in the gaming platform associated with Enjin.
2. Where can you purchase Enjin Coin (ENJ)? Enjin Coin (ENJ) has been listed on many crypto exchanges which include Binance, OKX, WEEX, Deepcoin, and Bybit.
3. Will Enjin Coin (ENJ) reach a new ATH soon? With the ongoing developments and upgrades within the Enjin platform, ENJ has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Enjin Coin (ENJ)? On November 25, 2021 Enjin Coin (ENJ) reached its new all-time high (ATH) of $4.82.
5. Is Enjin Coin (ENJ) a good investment in 2025? Enjin Coin (ENJ) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Enjin in the past few months, ENJ is considered a good investment in 2025.
6. Can Enjin Coin (ENJ) reach $1? Enjin Coin (ENJ) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Enjin Coin (ENJ) will hit $1 soon.
7. What will be Enjin Coin (ENJ) price by 2026? Enjin Coin (ENJ) price is expected to reach $3 by 2026.
8. What will be Enjin Coin (ENJ) price by 2027? Enjin Coin (ENJ) price is expected to reach $5 by 2027.
9. What will be Enjin Coin (ENJ) price by 2028? Enjin Coin (ENJ) price is expected to reach $6 by 2028.
10. What will be Enjin Coin (ENJ) price by 2029? Enjin Coin (ENJ) price is expected to reach $9 by 2029.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Key Highlights ENJ price rocketed more than 53% within a single day, reaching the $0.029–$0.035 range Trading activity exploded to $105–$216 million in 24 hours, significantly exceeding normal levels Futures open interest hit an all-time peak of $74.68 million, jumping from $19.82 million just 48 hours earlier Price increases remained uniform across 56 trading pairs, indicating authentic market demand The Relative Strength Index climbed to approximately 82, suggesting potentially overbought market conditions Enjin Coin (ENJ) experienced one of its most dramatic price surges in recent history, climbing more than 53% during a 24-hour period. The cryptocurrency traded within a range of $0.029 to $0.035, with slight variations depending on the platform and specific time window analyzed.
Enjin Coin (ENJ) Price What made this price action particularly noteworthy was its timing: while Bitcoin posted only marginal advances, ENJ delivered explosive gains. This divergence indicates that ENJ-specific catalysts, rather than broader cryptocurrency market momentum, fueled the buying pressure.
Volume metrics painted a compelling picture of intensified market activity. According to Santiment’s ecosystem data, ENJ registered $216.97 million in trading volume on Thursday — marking the highest level recorded since April 2025. Meanwhile, MEXC exchange data documented $105.7 million in 24-hour volume against ENJ’s market capitalization of approximately $57.8 million.
Source: Santiment This translates to a volume-to-market-cap ratio between 1.8x and 2.1x. For context, sustainable market conditions typically maintain ratios in the 0.1x to 0.5x range.
Futures Market Shows Explosive Growth The derivatives market data provided additional confirmation of bullish sentiment. According to CoinGlass tracking, ENJ futures open interest surged to $74.68 million on Thursday, representing a dramatic increase from the $19.82 million recorded on Tuesday. This expansion in open interest indicates fresh capital flowing into ENJ positions.
Source: Coinglass The rally demonstrated remarkable consistency across multiple markets. When examining 56 different currency pairs, ENJ posted gains ranging from 37.97% to 43.68%, with a remarkably tight standard deviation of just 1.8 percentage points. This uniformity across diverse trading pairs suggests widespread organic demand rather than isolated exchange-specific activity.
Technical indicators revealed bullish momentum building. ENJ successfully reclaimed positions above both its short-term and intermediate-term exponential moving averages. The 200-day EMA positioned near $0.035 now represents the next significant resistance barrier. Daily chart analysis shows the RSI hovering around 82, territory traditionally associated with overbought conditions.
$ENJ just pumped another 44% in 15 minutes — insane volatility.
Point to remember: This altcoin is still 99% down from its December 2021 all-time high.
No major news or catalyst visible yet.
Such violent spikes are very common in low-volume coins. Classic market maker play —… pic.twitter.com/8uY1Llg1JO
— Neel (@NeelMacro) April 8, 2026
The MACD histogram flipped decisively positive, confirming strong near-term upward momentum. Should ENJ maintain support above the 23.6% Fibonacci retracement at $0.031, technical analysts are eyeing potential targets at $0.051, $0.066, and $0.082.
Network Activity Surges Alongside Price Blockchain metrics revealed heightened network activity. The network growth index registered a reading of 71, representing the strongest figure observed since August 2025. Large holder activity also intensified, with wallet engagement metrics from major addresses climbing in tandem with price appreciation.
Despite the bullish signals, CryptoQuant analysts identified emerging warning signs. Their data suggests possible buyer fatigue developing beneath the surface. Futures market analysis revealed increasing retail trader participation coupled with negative sentiment readings, while sell-side pressure became visible across both spot and derivatives venues.
Enjin Coin currently occupies market cap rankings between #406 and #416, a significant decline from its top-50 positioning during the 2021 NFT market peak. With a market capitalization in the $54–$58 million range, ENJ remains approximately 94% below its historical all-time high valuation.
Traders should monitor the $0.033 to $0.038 resistance zone closely. A confirmed breakout above this area could catalyze additional upward movement, whereas a decline beneath $0.025 support may trigger more substantial corrective selling pressure.
PANews reported on April 16th that, according to SoSoValue data, expectations of a US-Iran ceasefire boosted market confidence, leading to a general rebound in the crypto market. The GameFi sector performed particularly well, rising 5.38% in the last 24 hours. Among them, Enjin Coin (ENJ) surged 50.96%, and ImmutableX (IMX) rose 9.13%. Meanwhile, Bitcoin (BTC) rose 0.07%, fluctuating narrowly around $74,000; Ethereum (ETH) rose 0.73%, remaining above $2,300.
In other sectors, Layer 2 rose 3.39% in the last 24 hours, with Starknet (STRK) up 8.36%; PayFi rose 2.31%, with XRP (XRP) up 2.87%; Meme rose 2.08%, with SPX6900 (SPX) up 6.63%; AI rose 1.75%, with Siren (SIREN) up 18.99%; DeFi rose 1.35%, with EdgeX (EDGE) up 13.05%; Layer 1 rose 0.88%, with Algorand (ALGO) up 3.59%; and CeFi rose 0.66%, with Gate (GT) up 2.60%.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-05-18 13:35 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Enjin Coin (ENJ) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 15,543,000, or approximately at 2026-05-18 14:35 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-05-13
Binance will support the Enjin Coin (ENJ) network upgrade.
PANews reported on May 13th that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Enjin Coin (ENJ) network at 21:35 (UTC+8) on May 18th, 2026, to support its network upgrade. The project team will conduct the network upgrade at block height 15,543,000 (estimated at 22:35 UTC+8 on May 18th, 2026).
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Cryptocurrency exchange Binance has announced it will support the planned network upgrade for the Enjin Coin network. According to the exchange’s statement, to protect user experience and ensure a smooth technical transition, token deposits and withdrawals on the ENJ network will be temporarily suspended starting May 18, 2026, at 16:35.
Binance announced that the network upgrade is expected to take place at approximately 17:35 on the same day, at block height 15,543,000. The platform emphasized that all technical requirements related to the upgrade process will be managed directly by Binance and users will not need to take any additional action during this process.
According to information shared by the exchange, trading of the ENJ token will not be affected during the network upgrade. Users will be able to continue trading normally in the spot and derivatives markets. The suspended service will be limited only to deposit and withdrawal transactions made through the network.
Binance also announced that deposit and withdrawal services will be reactivated once the network is confirmed to be stable and secure following the upgrade. It was stated that no further announcement will be made regarding this reactivation.
Experts consider this update to the ENJ network to be another important technical step towards improving the project’s infrastructure efficiency. Users are advised to complete their transfers before the specified times to avoid any transaction disruptions.
*This is not investment advice.
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Cryptocurrency exchange Binance has announced it will support the planned network upgrade for the Enjin Coin network. According to the exchange’s statement, to protect user experience and ensure a smooth technical transition, token deposits and withdrawals on the ENJ network will be temporarily suspended starting May 18, 2026, at 16:35.
Binance announced that the network upgrade is expected to take place at approximately 17:35 on the same day, at block height 15,543,000. The platform emphasized that all technical requirements related to the upgrade process will be managed directly by Binance and users will not need to take any additional action during this process.
According to information shared by the exchange, trading of the ENJ token will not be affected during the network upgrade. Users will be able to continue trading normally in the spot and derivatives markets. The suspended service will be limited only to deposit and withdrawal transactions made through the network.
Binance also announced that deposit and withdrawal services will be reactivated once the network is confirmed to be stable and secure following the upgrade. It was stated that no further announcement will be made regarding this reactivation.
Experts consider this update to the ENJ network to be another important technical step towards improving the project’s infrastructure efficiency. Users are advised to complete their transfers before the specified times to avoid any transaction disruptions.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
The world’s largest crypto exchange Binance on Wednesday said it plans to delist some spot and margin trading pairs. The delisting to impact crypto such as Axelar (AXL), Coin98 (C98), Enjin Coin (ENJ), Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP). As a result, the price of some abovementioned crypto drops in response.
Binance Delisting AXL, C98, and ENJ Coin Spot Trading Pairs On January 8, Binance revealed the plan to remove and cease support some spot trading pairs for Axelar, Coin98, and Enjin Coin. The delisting will take effect at 03:00 UTC on January 10.
This move followed Binance’s periodic review of market liquidity and trading volume. The exchange cited poor liquidity and low trading volume as the main reasons for delisting these pairs.
Even though the affected tokens can still be used for trading alongside other assets on the platform, the decision to remove these trading pairs has raised concerns among traders and investors. The delisting of pairs like AXL/FDUSD, C98/BTC, and ENJ/ETH signifies a shift in market dynamics, prompting users to adjust their positions accordingly.
Investors To See Liquidity Issues? Furthermore, the removal of trading pairs from Binance can result in reduced liquidity, which can increase the volatility of the affected tokens, especially amid crypto market crash. The exchange also declared that it would terminate Spot Trading Bot services for the affected pairs.
Users who have set up automated trading bots for these pairs are advised to cancel or adjust them to avoid potential losses. This warning highlights the broader implications of delisting for traders who rely on automated strategies. The delisting news triggered a sharp decline in the price of the affected tokens, contributing to the ongoing market volatility.
Binance to Remove BEL, NULS, LSK, SFP, and LIT Margin Pairs Binance Margin announced the delisting of several cross and isolated margin trading pairs. These include Bella Protocol (BEL), NULS, Lisk (LSK), Litentry (LIT), and SafePal (SFP) in BTC pairs.
The delisting process starts with restrictions on asset transfers into Isolated Margin accounts. Isolated margin borrowing will be suspended on January 9. Binance advised users to close their positions or transfer assets to Spot Accounts before January 16. On this date, all affected positions will be settled automatically, and pending orders will be canceled.
Cross-margin pairs such as LIT/BTC, NULS/BTC, and SFP/BTC will be delisted alongside isolated margin pairs, including BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC. One of the top crypto exchanges emphasized that users would no longer be able to update their positions during the delisting process, and failure to act in time could result in potential losses.
Despite these changes, the affected tokens will remain tradable in other pairs. This strategic move follows the exchange’s commitment to maintaining high-quality trading markets and optimize the user experience.
Price Impact Following Delisting Announcement Axelar’s AXL price was trading at $0.65 and fell by 12% in the last 24 hours. It was trading between a low of $0.64 and a high of $0.74. The current market cap of AXL is $583 million, with a trading volume of $15.85 million.
Coin98’s C98 token price declined by 15% from its peak level of $0.1884. It was trading at $0.16, with a market cap of $142 million and a 24-hour trading volume of $29 million.
Enjin Coin’s ENJ price was trading at $0.21, dropping 14% in the last 24 hours. It had a 24-hour trading range of $0.2098 to $0.2495. The ENJ token’s market cap stood at $381 million, with a trading volume of $32 million.
Other affected tokens included Litentry (LIT), Bella Protocol (BEL), and NULS, each experiencing a 13% dip. Lisk (LSK) saw a 10% decline, while SafePal (SFP) recorded a 5% decrease.
In addition, Binance suspended Troy token BSC deposits due to security concerns. This announcement caused Troy’s price to plummet by 40%, adding to the bearish sentiment across the market.
