Take-Two shares rise as viral GTA 6 post drives parallel gains in ENJ, SAND, and MANA token prices ENJ crosses 50/200 MA as gaming tokens show strength on rising GTA 6-related crypto trading volumes On-chain data links Bitcoin flows to gaming wallets as ARKQ ETF inflows rise with tech-driven sentiment Financial markets are reacting to surging anticipation for Grand Theft Auto 6 (GTA 6), as Take-Two Interactive (TTWO) stock and associated crypto gaming tokens registered gains today. This market activity intensified following a viral May 6, 2025, social media post by Cookie DAO, which spotlighted the 13-year timeframe since the last GTA installment and sparked wider financial discussions. GTA 6? 13 years. You? 13 days to flip the script if you’re running on data. pic.twitter.com/ihnMFq1t3o — Cookie DAO (@cookiedotfun) May 6, 2025 Take-Two Interactive, the parent company of GTA developer Rockstar Games, saw its stock climb 1.2% in pre-market trading to $150.23 in response. This movement drew immediate attention to potential impacts on related digital assets, particularly gaming-focused cryptocurrencies. Related: Gaming Tokens Rebound 28% to $5.71B as… The post Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post appeared first on Coin Edition .
The evolving crypto market of 2025 sees investors searching two directions by targeting both presale projects and established digital assets. Presales like Aureal One and DexBoss offer early access to innovative platforms with strong potential and well-defined roadmaps. The digital currency market has two aspects because Bitcoin (BTC), Enjin Coin (ENJ) and XRP (Ripple) demonstrate stability and practical applications alongside new projects seeking presale investments. These five cryptocurrencies deserve watchlist attention because they provide early-stage growth as well as stable portfolio contracts. List of 5 best cryptos to buy now: Aureal One (DLUME) DexBoss (DEBO) Bitcoin (BTC) XRP (Ripple) Enjin Coin (ENJ) 1. Aureal One (DLUME): A New Era for Gaming and the Metaverse Aureal One serves as a dedicated blockchain system which provides speed and reduced fees specifically for virtual gaming environments together with metaverse worlds. The presale of DLUME is currently in its fourth round at a price of $0.0013 and expects to rise to $0.0045 when final presale concludes. Click here to visit best crypto to buy now – AurealOne Zero-knowledge rollups operate as an enabling technology for achieving scalability while the network specifically targets the support of fluid in-game economy systems. All DLUME transactions and governance votes and staking commitments within the platform will be processed through the DLUME network. Q2 2025 marks the initial alpha release of Clash of Tiles while Q3 introduces a token swap in the framework. Early investors find Aureal One highly appealing because it combines strong objectives with sophisticated network tools. You can access the Aurealone website for joining the presale. 2. DexBoss ($DEBO): Fast, Secure, and User-Centric DeFi Trading DexBoss develops a next-generation decentralized exchange (DEX) which focuses on speed along with high liquidity while providing user-friendly interfaces to customers. The token $DEBO from DexBoss has started its presale launch at $0.01 yet will reach $0.0458 in round 17. DexBoss provides its users with three essential features: real-time trade execution, margin trading functionality along with deep pools of liquidity which create a smooth trading environment for all user types. The company plans to launch its platform through Q2 2025 when major exchange listings and trading capabilities will become available. The combination of a compelling DeFi application with neatly designed tokenomics positions DexBoss as an interesting project for 2025 monitoring. Users can obtain additional details about Dexboss through their official website. 3. Bitcoin (BTC): The Benchmark for All Cryptocurrencies Bitcoin functions as the foundational element of the crypto market since it lacks a presales mechanism during the year of 2025. BTC represents the most decentralized digital currency that has achieved widespread adoption because investors increasingly view it as digital gold which protects them from financial system breakdowns. The tide of institutional support continues to grow strong because of ETF approvals that have expanded into international financial systems. The fundamental characteristics of Bitcoin which include limited supply, strong network protection as well as worldwide usage acceptance combine to establish it as an essential crypto asset for investment portfolios. 4. XRP (Ripple): Real-Time Payments at Global Scale XRP serves as the native asset of Ripple network and works to modernize cross-border payment processes through its quick inexpensive international transfer capability. Through major bank and financial institution partnerships Ripple delivers practical value which remains rare between altcoins. XRP stands as a high-impact financial asset for the future audience of 2025 because regulatory understanding improves along with broad international adoption. Its business strategy centered on use cases and operational efficiency continues to maintain relevance in the years ahead of market speculations. 5. Enjin Coin (ENJ): Empowering Digital Ownership in Gaming Enjin Coin operates as a revolutionary platform which facilitates NFT management solutions alongside their creation and cross-platform integration specifically within video games. Developers use ENJ to mint blockchain assets which they can apply across many games from various platforms. The NFT industry continues to develop while Enjin expands its infrastructure with new tools that include Enjin Platform and Efinity parachain on Polkadot. The ENJ token provides direct practical benefits specifically to gaming industries because digital item ownership and game economies driven by gamers are now expanding. Summary: Balancing Innovation and Stability in Your Crypto Strategy As presale interest surges in 2025, Aureal One stands out during its presale period through its gaming-centric blockchain design that makes it an excellent metaverse investment opportunity for prospective investors. The combination of dexboss’s DeFi platform designed for traders and solid upcoming technology framework will surely attract people involved in decentralized financial systems. Bitcoin and XRP form the established foundational elements of crypto space. Fit for all crypto needs these established coins function as value-storage solutions which also offer institutional payment capabilities and NFT capability and Enjin Coin joins as the trending crypto to create a solid foundation of trust and viable long-term vision. Crypto investments during presales bring significant danger because all such investments come with risks. Prior to investing do thorough research on the project while knowing your loss limit and funding within that amount. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Best Cryptos to Buy Now: Next-Gen Gaming is Here- Aureal One’s Vision for the Future of the Metaverse!! appeared first on Times Tabloid .
Cryptocurrency prices started the week well as traders and investors started to move back into the industry, pushing the total market cap of all coins to over $2.84 trillion. Bitcoin price jumped to $87,000 for the first time in over a week. That rally led to more gains in the altcoin market. Loom Network token price jumped by 150%, while Boba Network (BOBA), Treasure (MAGIC), Aurora (AURORA), and Enjin Coin (ENJ) rose by over 40%. Bitcoin price formed a bullish pattern ahead of the rebound Technicals suggest that Bitcoin price was slowly forming a highly bullish chart pattern ahead of the current rebound. The eight-hour chart below shows that it was forming a bullish pennant pattern, which is characterized by a vertical line and a symmetrical triangle. Bitcoin price also moved above the 50-period and 100-period Exponential Moving Averages (EMA), a sign that bulls are in control for now. Oscillators like the Relative Strength Index (RSI) and the Stochastic Oscillator have all pointed upwards. Most importantly, Bitcoin formed an inverse head and shoulders pattern. Therefore, the coin will likely continue rising as bulls target the next key resistance level at $88,585, the neckline. A move above that level will indicate further gains, potentially reaching the psychological level at $90,000. A move below the support at $84,000 will invalidate the bullish outlook. BTC price chart | Source: TradingView Read more: Bitcoin price prediction: BTC path to $300,000 revealed Loom Network, Boba, Enjin, and Aurora tokens lead The ongoing Bitcoin surge triggered more gains in the crypto market. Loom Network price soared to a high of $0.04930, its highest level since March 19, and 390% above the lowest point this year. This surge brought Loom’s market cap to $46 million. The risk, however, is that Loom has been accused of manipulation in the past. This explains why Binance decided to delist the token last year. Many other tier-1 exchanges have also avoided the token. As such, most trading now occurs on exchanges such as OrangeX, Hibt, Indodax, and CoinEx. Boba Network price formed a God candle as it surged to a high of $0.1450, its highest point since February 26. It was up by over 115% from its lowest level; this year. Boba Network is a multi-chain layer-2 network that leverages the Ethereum and BSC Chains to offer more capabilities to developers. According to its website, it has handled over 50 million transactions over time. DeFi Llama data shows that Boba has a total value locked (TVL) of just $1.6 million, down from a peak of over $600 million a few years ago. Its DEX protocols handled just $89,000 in volume in the last 24 hours. Also, the network generated just $8 in fees in that period. The Enjin Coin price also surged as Bitcoin soared above $57,000. It jumped by over 35%, reaching a high of $0.1022, up by 72% from its lowest level this year. Most of Enjin’s trading was happening in exchanges like Binance, OKX, and Bithumb. The Aurora token price also surged this week, reaching a high of $0.1105, its highest level since March 8. It soared by over 75% from its lowest level this year, and then pulled back to the current $0.09. Like Boba Network, Aurora has come under pressure in the past few years as is its total value locked plunged from a peak of over $600 million to just $12 million today. Aurora is one of the biggest players in the Near Protocol. Some of the other top-performing tokens were Pocket Network, Treasure, Neiro on ETH, Bittensor (TAO), and Alchemy Pay (ACH). The post Enjin, Loom, Bittensor, Boba Network, Aurora surges as Bitcoin price hits $87k appeared first on Invezz
Gaming is more than just a mere entertainment. It brings together several elements of the entertainment world, including the relative crypto industry. The power of blockchain technology has propelled into the gaming world and has led us to hundreds of gaming tokens that are now available for players to invest in. Let's take a closer look at five gaming tokens that are currently causing a stir and which value could hit a rise in 2025. 1. Beam (BEAM) You may think that gaming tokens are all about the excitement and flashiness, but BEAM’s more about privacy for its users. The token uses a privacy-centric blockchain, which is designed to carry out secure and confidential transactions. This comes following an increasing demand for data protection within burgeoning in-game economies and calls for robust encryption. The BEAM platform features impressive technology, which is easy-to-learn for anyone with a fair bit of developing knowledge, However, BEAM’s widespread adoption may be held back due to the token’s relatively low market visibility and liquidity, which are dwarfed by some of the market caps of cryptocurrencies . Beginners may find some of the tech a little confusing, too. 2. Flow (FLOW) Flow is a blockchain built to handle the heavy traffic of online games and digital collectibles, like the famous NBA Top Shot moments . It’s designed to let lots of people use it at the same time, without slowing things down. Developers find it easy to work with, and even people new to crypto can get started without too much trouble. The idea is to make online gaming and collecting smoother and faster. The Flow token is, of course, what people use to buy, sell, and participate in the platform. However, Flow isn't the only player in this space; it has to compete with well-known options like Ethereum and Solana. Whether or not it really takes off while depending a lot on the success of the big projects using it, and like any crypto, its value can go up and down. Some people also have questions about how decentralized it really is. That said, some experts are saying that the token’s value has bottomed out over the last year and could be about to go up again. 3. Decentraland (MANA) MANA-powered Decentraland is a blockchain-based virtual world on the Ethereum blockchain. Founded in 2017, Decentraland serves as a platform for multiplayer game creation using the intuitive Decentraland Builder. This offers a vast library of 3D items for building and creating in-game tokens, which you can then trade freely with other players in the form ofvirtual land parcels. The virtual world nature of Decentraland allows for many different game designs, and some of those designs may include mini-games or discovery systems. These games use mechanics like a Random Number Generator RNG ensuring that outcomes are unpredictable and purely based on chance, like what you get in free slots games. The MANA token´s value has dipped dramatically over the past year, but there are signs that it is now stabilizing and could be about to take off again. 4. Sandbox (SAND) The Sandbox: ditch the landlord, own your digital empire. Sandbox has soared in popularity in recent years, giving players the chance to build their own world inside this decentralized metaverse. SAND is the utility token made to emerge from this. It´s a golden ticket that unlocks trading, staking, and even a democratic manner in whichthe Sandbox metaverse evolves. Users get creator-friendly tools that let them craft their own virtual assets with ease. And it’s not just players: big brands, celebrities, and artists are jumping in, fuelling the hype and expanding its reach. The only downside may be the fees. Ethereum's gas fees can mount up with SAND, so anyone getting involved should account for these. Still, SAND’s popularity means that it’s currently one of the top gaming tokens around. 5. Enjin (ENJ) Enjin is approaching an exciting new frontier in crypto gaming with the Ethereum-based ERC-1155 token standard. Developers acquire this blockchain-based gaming coin and mint it into in-game items, so that players can earn $ENJ through gameplay and without the need to visit traditional cryptocurrency exchanges . The Enjin Marketplace is already well established place, where users trade ERC-1155 digital assets, all backed by ENJ tokens. In terms of development, the token is also attractive to some of the brightest minds in the industry, drawn in by the easy token creation and integration tools. Keep an eye on this token which is the “Enjin” room of the progressing gaming token industry. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Gaming is more than just a mere entertainment. It brings together several elements of the entertainment world, including the relative crypto industry. The power of blockchain technology has propelled into the gaming world and has led us to hundreds of gaming tokens that are now available for players to invest in. Let's take a closer look at five gaming tokens that are currently causing a stir and which value could hit a rise in 2025. 1. Beam (BEAM) You may think that gaming tokens are all about the excitement and flashiness, but BEAM’s more about privacy for its users. The token uses a privacy-centric blockchain, which is designed to carry out secure and confidential transactions. This comes following an increasing demand for data protection within burgeoning in-game economies and calls for robust encryption. The BEAM platform features impressive technology, which is easy-to-learn for anyone with a fair bit of developing knowledge, However, BEAM’s widespread adoption may be held back due to the token’s relatively low market visibility and liquidity, which are dwarfed by some of the market caps of cryptocurrencies . Beginners may find some of the tech a little confusing, too. 2. Flow (FLOW) Flow is a blockchain built to handle the heavy traffic of online games and digital collectibles, like the famous NBA Top Shot moments . It’s designed to let lots of people use it at the same time, without slowing things down. Developers find it easy to work with, and even people new to crypto can get started without too much trouble. The idea is to make online gaming and collecting smoother and faster. The Flow token is, of course, what people use to buy, sell, and participate in the platform. However, Flow isn't the only player in this space; it has to compete with well-known options like Ethereum and Solana. Whether or not it really takes off while depending a lot on the success of the big projects using it, and like any crypto, its value can go up and down. Some people also have questions about how decentralized it really is. That said, some experts are saying that the token’s value has bottomed out over the last year and could be about to go up again. 3. Decentraland (MANA) MANA-powered Decentraland is a blockchain-based virtual world on the Ethereum blockchain. Founded in 2017, Decentraland serves as a platform for multiplayer game creation using the intuitive Decentraland Builder. This offers a vast library of 3D items for building and creating in-game tokens, which you can then trade freely with other players in the form ofvirtual land parcels. The virtual world nature of Decentraland allows for many different game designs, and some of those designs may include mini-games or discovery systems. These games use mechanics like a Random Number Generator RNG ensuring that outcomes are unpredictable and purely based on chance, like what you get in free slots games. The MANA token´s value has dipped dramatically over the past year, but there are signs that it is now stabilizing and could be about to take off again. 4. Sandbox (SAND) The Sandbox: ditch the landlord, own your digital empire. Sandbox has soared in popularity in recent years, giving players the chance to build their own world inside this decentralized metaverse. SAND is the utility token made to emerge from this. It´s a golden ticket that unlocks trading, staking, and even a democratic manner in whichthe Sandbox metaverse evolves. Users get creator-friendly tools that let them craft their own virtual assets with ease. And it’s not just players: big brands, celebrities, and artists are jumping in, fuelling the hype and expanding its reach. The only downside may be the fees. Ethereum's gas fees can mount up with SAND, so anyone getting involved should account for these. Still, SAND’s popularity means that it’s currently one of the top gaming tokens around. 5. Enjin (ENJ) Enjin is approaching an exciting new frontier in crypto gaming with the Ethereum-based ERC-1155 token standard. Developers acquire this blockchain-based gaming coin and mint it into in-game items, so that players can earn $ENJ through gameplay and without the need to visit traditional cryptocurrency exchanges . The Enjin Marketplace is already well established place, where users trade ERC-1155 digital assets, all backed by ENJ tokens. In terms of development, the token is also attractive to some of the brightest minds in the industry, drawn in by the easy token creation and integration tools. Keep an eye on this token which is the “Enjin” room of the progressing gaming token industry. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
In the last 30 days, the market capitalization and trading volume of the crypto gaming sector have fallen by at least 29%. This plunge can be attributed to a broader market decline across most cryptocurrencies, especially bitcoin (BTC). Despite this negative trend, most gaming projects have not relented in their development. The crypto analytics platform Santiment has outlined the top gaming projects by development, and this list is led by MultiversX (EGLD), Decentraland (MANA), and Skale Network (SKL). Top Gaming Projects By Dev. Activity MultiversX has recorded the highest development activity in the last 30 days. The project is a scalable distributed blockchain network for next-gen applications. Called the internet-scale blockchain, MultiversX has an ecosystem that spans several sectors, including decentralized finance (DeFi) and wallets. However, its gaming products have been brought to light in this case. Since July 2024, the gaming protocol has consistently led development activity in the sector. Its native token, EGLD, is the eighth-largest gaming asset, with a market cap of more than $496 million. Following MultiversX is Decentraland, a decentralized social virtual world where users can create memories, connect with new friends, and explore events. Decentraland’s MANA is the fifth-largest gaming asset by market cap. Like MultiversX, the project has maintained its position as the second leader in development activity since July 2024. Skale Network took the third spot; however, unlike MultiversX and Decentraland, which have been leaders in the past seven months, Skale’s activity recently witnessed a significant spike. The zero gas fee blockchain has mostly taken fourth place behind Immutable X (IMX) or Nine Chronicles (WNCG). Skale’s token SKL is the 18th-largest gaming asset by market cap. Saito And Enjin See Notable Dev. Activity Immutable X is the fourth leading project in development activity. Its activity did not significantly increase in the past 30 days, hence the overtaking by Skale Network. Regardless, IMX has the largest market cap in the gaming sector—above $932.8 million. The fifth project with the highest development activity is Saito (SAITO), a blockchain that also operates web3 applications directly in browsers. Saito is followed by The Root Network (ROOT), which is a hub for the open metaverse and a foundation for connected games. Both Saito and The Root network saw no significant spikes in the development activities. Enjin (ENJ), which offers a suite of integrated gaming products, took seventh place. Development activity in The Sandbox Game (SAND) placed the project in eighth place, while the Ethereum-based decentralized game console Treasure (MAGIC) came ninth. The decentralized cloud computing platform Cere Network also recorded notable development activity in the last 30 days. The post These Are Crypto Gaming Projects Making Waves in the Last 30 Days appeared first on CryptoPotato .
Cryptocurrency analysis company Santiment has shared an updated list of gaming altcoins that developers are most focused on in the crypto market in its latest report. Developer activity scores obtained from Github data of these open-source cryptocurrency projects evaluate the changes made to the source codes. Here are the altcoin projects and developer scores that cryptocurrency developers have focused on the most in the last 30 days, according to Santiment data: MultiverseX (EGLD) – 212 Decentraland (MANA) – 168 SCALE (SKL) – 41.07 Immutable X (IMX) – 41 Saito (SAITO) – 13.5 The Root Network (ROOT) – 10.73 Enjin Coin (ENJ) – 7.27 The Sandbox (SAND) – 6.43 Treasure (MAGIC) – 5.53 Cere Network (CERE) – 4.63 Related News: BREAKING: SEC Considers Classifying XRP as a Commodity and Grouping It with ETH We see that the top two on the list, EGLD and MANA, have maintained their positions compared to last month. The difference in developer activity between them and other altcoins is also noticeable. However, compared to the previous list, it is seen that many altcoins have just entered the developer activity list. SKL, IMX, SAITO, ROOT, SAND and CERE found themselves higher on the list. *This is not investment advice. Continue Reading: Here’s the List of the 10 Game Altcoins Developers Focused on the Most in the Last 30 Days
Oasys, a Singaporean gaming blockchain backed by Animoca Brands and Ubisoft, has launched a gaming creation platform to enable anyone launch their custom gaming tokens. Oasys (OAS), a blockchain platform designed for gaming, has announced the launch of token creation platform Yukichi.fun. This new platform makes it possible for users to quickly launch their own custom gaming tokens, which can be used within the Oasys ecosystem. https://t.co/ySSvHmojWj is the home of coins on Oasys. With $OAS and other tokens, you can seamlessly create your own coin—no complexity, just possibilities. Start building today. https://t.co/x9BbKYUNzi https://t.co/tDaIXwhywc — Oasys | Blockchain for Games (@oasys_games) March 6, 2025 Oasys has supported the creation of in-game tokens and NFT collectibles before the launch of Yukichi.fun. The blockchain has specifically been designed with the token creation capabilities. However, Yukichi.fun provides a more user-friendly platform for the creation of these tokens. It makes it possible for anyone—particularly those without deep technical know-how—to create custom tokens within the Oasys ecosystem. So, while Oasys already supported token and NFT creation, Yukichi.fun aims to expand this functionality to a wider audience. You might also like: Oasys blockchain to power Com2uS’s web3 expansion in Japan While Yukichi.fun is a new gaming token launchpad within the Oasys ecosystem, it’s not the first of its kind. Several other platforms have been offering similar services for creating gaming tokens. These include Enjin, which helps with creating and managing NFTs and gaming tokens, and The Sandbox , a virtual world that enables users to create and monetize game assets. Binance Launchpad also supports blockchain gaming projects in raising capital and launching tokens. Singaporean gaming blockchain Oasys (OAS) — not to be confused with Oasis Network — is a combination of a layer-1 and an Ethereum ( ETH ) compatible, Optimistic rollup-based layer-2 scaling solution. Backed by big-name gaming firms like Ubisoft , Sega, and Animoca Brands , Oasys blockchain is built specifically for gaming and digital entertainment. Its main selling point is its low transaction fees, which make it ideal for microtransactions in gaming, such as buying in-game items or rewards. This is important for game developers who need to avoid high costs that would put off their users. The native token of Oasys (OAS) serves multiple purposes, including staking, transaction fees, governance, and rewarding users within the ecosystem. You might also like: The web3 gaming knowledge gap and how to bridge it | Opinion
Cryptocurrency traders on South Korean exchange Bithumb, take note! An important update has just been announced that may impact your Enjin Coin (ENJ) holdings. Bithumb, a leading crypto exchange in South Korea, has declared a temporary halt to all deposits and withdrawals of Enjin Coin (ENJ). This suspension is slated to commence on February 24th at 06:00 UTC. If you are actively trading or holding ENJ on Bithumb, it’s crucial to understand the details and prepare accordingly. Let’s delve into what this means for you and the broader Enjin ecosystem. Why is Bithumb Suspending Enjin Coin (ENJ) Services? The primary reason for this temporary suspension is the upcoming mainnet upgrade of the Enjin Network. Like many blockchain projects, Enjin undergoes periodic upgrades to enhance performance, security, and introduce new features. These upgrades are vital for the long-term health and evolution of the network. During such significant network upgrade events, it’s standard practice for crypto exchanges like Bithumb to temporarily suspend certain services to ensure the safety of user funds and a smooth transition. Here’s a breakdown of why network upgrades necessitate service suspensions: Preventing Transaction Disruptions: During a mainnet upgrade, the underlying blockchain protocol is undergoing significant changes. Allowing deposits and withdrawals during this period could lead to transactions being lost or incorrectly processed due to network instability. Ensuring Data Integrity: Exchanges need to ensure that their systems are fully synchronized with the upgraded network before resuming full operations. This synchronization process is critical for maintaining accurate balances and transaction records. Safeguarding User Funds: The temporary suspension is a precautionary measure to protect users from potential issues that might arise during the upgrade process. Exchanges prioritize the security of user assets above all else. Technical Adjustments: Bithumb’s technical team needs time to integrate the upgraded Enjin Network into their platform. This involves updating their wallet infrastructure, nodes, and other systems to be compatible with the new network version. What is Enjin Coin (ENJ) and the Enjin Network? For those less familiar, Enjin Coin (ENJ) is the native cryptocurrency of the Enjin Network. Enjin is a leading ecosystem for non-fungible tokens (NFTs), particularly focused on gaming and metaverse applications. ENJ plays a crucial role within this ecosystem, serving various purposes: NFT Minting and Trading: ENJ is used to back the value of NFTs created within the Enjin ecosystem. It can be used to mint NFTs and is often used in the trading of these digital assets. Platform Currency: ENJ serves as a currency within the Enjin ecosystem, facilitating transactions and interactions within games, applications, and marketplaces built on Enjin. Community and Governance: Holding ENJ can grant users certain rights or privileges within the Enjin community, potentially including participation in governance decisions in the future. Impact of the Suspension on Bithumb Users If you are a Bithumb user who holds or trades Enjin Coin (ENJ), here’s what you need to know about this suspension : Deposit and Withdrawal Freeze: Starting February 24th, 06:00 UTC, you will not be able to deposit or withdraw ENJ from your Bithumb account. Trading Unaffected (Potentially): The announcement specifically mentions deposits and withdrawals. It’s likely that ENJ trading on Bithumb will continue to be available during the suspension period. However, it’s always best to check Bithumb’s official announcements for absolute clarity on trading activities. Duration of Suspension: Bithumb has stated this is a temporary suspension. However, they have not provided a specific end date. The duration will depend on the smooth completion of the Enjin Network upgrade and Bithumb’s subsequent integration and testing. Plan Accordingly: If you were planning to deposit or withdraw ENJ around February 24th, you’ll need to adjust your plans. If you need to move your ENJ, do so before the suspension time or wait until services are resumed. Stay Updated: Keep a close eye on Bithumb’s official website and social media channels for updates regarding the resumption of ENJ deposit and withdrawal services. They will likely announce when the network upgrade is complete and services are back online. Broader Implications for the Crypto Exchange Landscape This event highlights a common practice within the crypto exchange ecosystem. Temporary suspensions due to network upgrades are not unique to Bithumb or Enjin. They are a regular occurrence across various exchanges and cryptocurrencies. This underscores a few key points about the crypto space: Continuous Evolution: Blockchain technology is constantly evolving. Network upgrades are a necessary part of this evolution, allowing for improvements in scalability, security, and functionality. Importance of Exchange Communication: Clear and timely communication from exchanges like Bithumb is crucial during these periods. Users need to be informed about upcoming suspensions and the reasons behind them to manage their assets effectively. Decentralization and Centralization Interplay: While cryptocurrencies aim for decentralization, users often rely on centralized exchanges for trading and custody. These centralized entities play a vital role in managing the complexities of network upgrades and ensuring user safety within the broader decentralized ecosystem. Actionable Insights for Enjin Coin (ENJ) Holders on Bithumb So, what should you do if you hold Enjin Coin on Bithumb? Check Bithumb’s Official Announcement: Always refer to Bithumb’s official website or announcement channels for the most accurate and up-to-date information. Plan Your Transactions: If you intended to deposit or withdraw ENJ, do it before February 24th, 06:00 UTC, or wait until the suspension is lifted. Monitor for Updates: Regularly check Bithumb’s announcements for updates on the network upgrade progress and the expected resumption of ENJ services. Consider Alternatives (If Necessary): If you urgently need to trade or move your ENJ during the suspension, you might consider using other crypto exchanges that have not announced a suspension of ENJ services. However, always exercise caution and due diligence when using any exchange. Understand the Bigger Picture: Recognize that this suspension is a temporary measure to facilitate a positive development – the Enjin Network upgrade. This upgrade is ultimately aimed at improving the Enjin ecosystem, which can be beneficial for ENJ holders in the long run. In Conclusion: Staying Informed in the Fast-Paced Crypto World The temporary suspension of Enjin Coin (ENJ) deposits and withdrawals on Bithumb serves as a timely reminder of the dynamic nature of the cryptocurrency space. Network upgrades , while sometimes causing temporary inconveniences like service suspensions, are essential for the growth and advancement of blockchain technologies. For users of crypto exchanges like Bithumb, staying informed, proactive, and adaptable is key to navigating these changes effectively. Always prioritize official announcements from exchanges and projects to make informed decisions about your digital assets. By understanding the reasons behind such events and taking appropriate action, you can confidently participate in the exciting and ever-evolving world of cryptocurrency. To learn more about the latest crypto exchange trends, explore our article on key developments shaping crypto exchange regulatory landscape.