A native crypto asset of the gaming-suited blockchain network Enjin-Enjin Coin, spiked by more than 150 percent today while the Bitcoin price remained stable after the sudden plunge over the weekend that we previously covered in our altcoin news.
Enjin Coin surged by 207 in a timeframe of 24 hours against Bitcoin. The analysts believe that the sudden surge of the crypto asset is because it was listed as one of the coins to get supported on the crypto wallet of Samsung’s S10 Galaxy smartphone alongside Ethereum, Bitcoin, and Cosmee.
However, Enjin still remains 58th according to market cap on the global market. The coin is not the most valuable there is because it is still unknown to the mainstream. But, by adding the coin to the S10 Galaxy blockchain wallet, the cryptocurrency could be exposed to a bigger market.
The tutorial for the blockchain wallet explained further:
“The blockchain is a new method that enables every user to store and process data in a decentralized ecosystem, and it is used in many areas. [Such areas include] secure distribution information confirmation, insurance and contract verification, copyrights management, content distribution, game items storage, crypto assets storage, and cryptocurrency transactions.”
Enjin is one of the leading protocols in the blockchain gaming space which makes possible for developers to efficiently deploy games that are based on the blockchain. The representative of Enjin stated:
‘’After our presentations, many projects and attendees approached us to learn more about the Enjin Platform and discuss potential cooperation, and we were frequently complimented for creating an ecosystem that allows for immediate application and real-life use cases.’’
There is still no official statement from both Samsung and Enjin confirming the nature of the partnership.
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