Enjin Coin Gains 75% after Samsung Partnership Confirmation

Enjin Coin (ENJ) spiked over 75% in the last 24 hours after South Korean media publishers confirmed the partnership between Samsung and Enjin (the firm backing Enjin Coin). According to the partnership, Samsung’s new phone: The Galaxy S10 will be supporting the Enjin Coin (ENJ) cryptocurrency in the phone’s preloaded wallet.

Enjin Coin Rise:

ENJ USD Price Chart
ENJ USD Price Chart

After the announcement of the partnership, ENJ has gained more than 75% in the last 24 hours. Currently, ENJ is trading around $0.163 (at the time of publication). After rising above $0.17, the price is currently correcting downwards. Enjin Coin stands at the 46th position according to the market capitalization with a market cap of $124,712,929 (data from coinmarketcap).

Earlier, when the current news was just a rumor, Enjin Coin had gained more than 300% in just a matter of hours.

According to the news publications, the partnership suggests that Samsung is getting involved in the e-sports market in the country which is on rapid growth. Enjin aims to create a gaming ecosystem which already has a massive user base of more than 20 million. The native token of the ecosystem is the Enjin Coin (ENJ) which provides ownership of in-game assets.

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