Price of ENJIN (ENJ) Coins Soared 70% after Listing on Coinbase Pro
As per the latest reports, ENJIN (ENJ) has reportedly been listed by Coinbase Pro on its platform. ENJ is a native token for the non-fungible token and blockchain gaming-focused project that is known as ENJIN. Ever since the announcement of the ENJ token’s enlistment on Coinbase Pro, the price of the token has soared significantly.
According to the reports, the price of the ENJ token has soared by 70% ever since the announcement of its enlisting on the exchange.
It was on Wednesday, April 7 when the overall performance of the cryptocurrency industry experienced a dip. However, the cryptocurrency industry ended up making a fast recovery on Thursday, April 8, 2021. That is when the users and the on-chain data analysts observed the price of ENJ token surge to all-time highs.
Coinbase Pro is a professional trading platform that is offered by one of the largest cryptocurrency exchanges in the United States, Coinbase.
It has been reported that apart from listing ENJ token, Coinbase has enlisted three more cryptocurrencies on its platform. The enlisting of the other three cryptocurrencies was announced by Coinbase Pro at the beginning of the running week.
According to the announcement, the other three assets that Coinbase Pro has enlisted include NKN, OGN, and 1INCH. Coinbase Pro had confirmed that all four assets including ENJ will be available for trading b Friday, April 9, 2021, at 4 pm UTC.
Coinbase Pro did mention that the enablement of OGN, NKN, ENJ, and 1INCH depends on the provision of the liquidity on each asset. If the liquidity for the assets is sufficient, then they will be enabled to trade through the Coinbase Pro platform.
Furthermore, Coinbase Pro has announced that it will soon be launching the trading pairs for the particular assets.
The firm revealed that the pairs it is going to launch would include OGN-BTC, OGN-USD, NKN-BTC, NKN-USD, ENJ-BTC, ENJ-USD, 1INCH-GBP, 1INCH-EUR, 1INCH-BTC, and 1INCH-USD.
However, Coinbase Pro has hinted that it will be launching these pairs in three different phases. The three phases will be full trading, limit-only, and post-only.
Coinbase Pro had revealed that the deposit service for all the assets had been enabled prior to their listing for trades. The firm did clarify that the depositing service will not be available to the Coinbase Pro users based in New York until further notice.
Ever since the announcement of ENJ being enlisted on Coinbase Pro, its price has surged to all-time highs. Even the announcement of ENJ’s enlistment on Coinbase Pro sparked enough rally that within 24-hours, its price moved from $2.22 to $3.25, which is a 30% increase.
However, at the time of writing, its price has increased by 70% and it is currently sitting at $3.25 per ENJ token.