An interesting rumor regarding Enjin Coin (ENJ) is roaming around in the market days after the release of the Samsung S10 device. The South Korean blockchain start-up which is known for empowering blockchain based games, is rumored to have collaborated with Samsung for supporting a blockchain wallet on its new device Galaxy S10 series.
The currently circulating story which is not yet confirmed by the official sources, picked up the hype on 25th February and some unknown sources told the Asia Crypto regarding Enjin Coin support to the Galaxy S10.
As we know that Samsung is heavily interested in implementing blockchain technology on smartphones and this news can be more than just hype. The Samsung crypto development team have aimed to implement the blockchain technology across different parts of the smartphone.
Being specific about the rumor, the unknown sources shared a screenshot in which the Enjin wallet is being used on the Samsung Galaxy S10 for the transaction of ETH. In the screenshot, it could be seen that the Enjin Coin (ENJ) and Basic Attention Token (BAT) are being used for digital marketing.
As per the sources, the Enjin wallet which would be installed on S10 will enable users to send and receive ERC-1155 crypto game assets and ERC-20 tokens. It is expected that almost around 30 million users would use this wallet for daily use.
The Enjin Coin (ENJ) is famous for its ERC-1155 tokens, which is are basically used for the buying and selling of digital items in video games and are also used to build digital ownership. The official Enjin wallet is available to the users on Android and iOS. The users can trade and exchange different digital assets via wallet.
As the rumor is hot, the market performance of Enjin Coin (ENJ) has drastically improved, as at the time of writing, ENJ was trading with a price of $0.092 USD and in the last 24 hours it has surged up to 120%. The price has jumped up from $0.04 USD to 0.092 USD.
Moving on, till the time of press, neither one of the companies has confirmed this news. However, one of the cryptoanalyst from South Korea, Heslin Kim in a video claimed that Samsung was giving a tutorial on blockchain wallet and as per Kim, the smartphone giant does not want to unveil the wallet at the moment because of its competition with Apple.
If this rumor turns out to be real then it would be a huge boost up for Enjin Coin (ENJ) and this could help the crypto to improve its ranking. The volume of ENJ coin would increase massively and as its volume increases the mass adoption of ENJ would significantly increase as well.