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Enjin Coin spikes by a massive 151% as trade volumes hit record high; Galaxy S10 rumors cited as reason

Akash Anand

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Enjin Coin spikes by a massive 151% as trade volumes hit record high; Galaxy S10 rumors cited to be reason
Source: Pixabay

The inclusion of cryptocurrencies in the mainstream market has been given a boost by Samsung, with the South Korean technology giant’s latest Galaxy S10 boasting of a cryptocurrency wallet screen. Since the launch of the phone, rumors have flooded the market that the phone might be shipped with the Enjin wallet pre-installed.

Enjin Coin was not the only cryptocurrency speculated to be adopted by the S10, as rumors were rife that Basic Attention Token was next in line. A cryptocurrency user stated:

“I would have never guessed samsung would integrate enjin coin of all gaming coins let alone a gaming coin at all next to only btc, ltc & eth as options. Weird. But if the wallet automatically links to game apps ,TRULY monetizing spending time playing a game, I know to be bullish.”

Post the blow-up of the rumor, Enjoin Coin which is currently on the 63rd position on the cryptocurrency charts, shot up by a massive 151%. The cryptocurrency was trading at $0.043082 on Monday and after a significant bull rally, the coin was trading at $0.108382. The price hike was not the only story associated with Enjin Coin as the trade volume shot up to $115 million, the highest in the history of the coin.

Samsung was also in the news recently when a leaked video revealed that the S10 will support a Bitcoin [BTC] and Ethereum [ETH] wallet. The website read:

“Security: Galaxy S10 is built with defence-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

Samsung’s latest phone also includes an Exynos 9820 chip with Physical Unclonable Function Technology, which is aimed to create a unique identity for the microprocessors. One of the IT professionals involved in the research and development of the coin also stated that the microprocessor would be used to process the cryptocurrency wallet and boost the security of the PK.

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