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Written By Elliott Laybourne on Jul 27, 2021, 05:19 BST
The Enjin Coin price rally has reversed hard in the last 24-hours. But does it spell Enjin trouble, or will the ENJ soon resume its march higher?
Enjin Coin (ENJ) is trading at $1.2543, down 2.50% this morning and almost 30% below yesterday’s $1.5903 high.
What happened? The cryptocurrency market made great strides on the upside yesterday after a report released over the weekend appeared to confirm retail giant Amazon (NASDAQ: AMZN) would soon accept crypto payments.
The news sent many digital assets higher, and for a moment, Bitcoin looked sure to reclaim the elusive $40,000 threshold.
Unfortunately, the online marketplace behemoth has since outright denied the claims made by financial newspaper City AM.
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