Enjin Coin Spikes Over 70% After It’s Partnership With Samsung Is Announced
The announcement confirming the partnership between Enjin, the Singapore-based company behind ENJ, and Samsung’s flagship smartphone S10 has resulted in a subsequent jump in gaming crypto Enjincoin (ENJ) up 78 %.
After the announcement of a partnership between Enjin and Samsung on Friday, by the media outlets in South Korea, Korea’s investor base has jumped into the market. Simon Kertonegoro, Enjin’s VP of marketing told CoinDesk:
“While I can confirm that we have an official partnership with Samsung, I’m not at liberty to disclose any other information at this point.”
Samsung presented S10 at MWC Barcelona 2019 in late February. The tech giant showcased the phone’s Blockchain Keystore feature that will securely house private keys to cryptocurrency assets. The said function has particularly drawn attention thanks to the flagship product’s predicted reach of 45 million users in 2019.
The showcase of Blockchain Keystore also included a picture that had the logo of the Enjin crypto gaming platform. Since then, many have to speculate the possibility that the Enjin wallet integrated with the Samsung Blockchain Keystore on S10.
The growth of Enjin price
As the speculation of Enjin and Samsung’s collaboration started, the price of Enjin started to build up. This inadvertently sparked a frenzy of self-perpetuating investor’s interest, that rose 206 % before closing out 116 %up on the previous day.
Data sourced from Trading view
Notably, the token also experienced another major spike on March 5 as the announcement of their Blockchain Software Development Kit (SDK) launch, on March 14 was made public. The price closed out 27.5% higher while March 8 further enhances another 76.1% over a 24-hour period to where it currently stands.
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