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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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Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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