The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Anatomy of a Crypto Partnership: Tracking Enjin Coin’s Surge After Samsung Collaboration Confirmation

by Daily Hodl Staff
March 8, 2019
in Altcoins

Gaming cryptocurrency Enjin Coin (ENJ) shot up by 78% after the company confirmed a partnership with Samsung Electronics. Local news outlets in South Korea reported the collaboration, designed to integrate Enjin’s crypto wallet with Samsung’s Galaxy S10.

At the end of February, Enjin Coin soared 153% when rumors about the collaboration first began to surface. According to data compiled by CoinMarketCap, the price retraced from $0.094 to $0.076 after the first run-up, before soaring again to a high of $0.177. 

Source: CoinMarketCap

Simon Kertonegoro, Enjin’s vice president of marketing, tells 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.”

Enjin is working to give gaming companies a new way to create blockchain-based in-game assets that can be exchanged on the Ethereum blockchain. On February 25, Samsung presented the S10 at Media World Conference Barcelona 2019 where the phone’s blockchain wallet was displayed with Enjin’s logo.

Price action since then has been highly influenced by speculation as investors try to take advantage of bullish sentiment. However, the recent surges have failed to catapult ENJ past its previous all-time high of $0.046 set back in January of 2018 at the peak of the last Bitcoin bull run that lifted altcoins to record prices.

ENJ also rose dramatically on March 5th after announcing a March 14th release date for its blockchain software development kit (SDK). Following the announcement, the price climbed 27.5%.

Its current market cap is $135 million, up from $20.6 million in just one month.

After the market’s spectacular rise in December of 2017, the crypto collapse and dramatic price declines have revealed too few use cases to justify the many multi-billion dollar and multi-million dollar company valuations. Instead, cryptocurrencies continue their search for legitimacy, mainstream partnerships and real-world adoption.

In the absence of large Wall Street initiatives, such as the long-awaited approval of a Bitcoin ETF by regulators or the launch of Intercontinental Exchange’s Bakkt, which is the widely anticipated crypto trading platform for institutional investors that also promises to integrate a crypto payment option at Starbucks, Samsung is one of the biggest brands to embrace blockchain and crypto so far this year, demonstrating that the mainstream cross-over into consumer products is a matter of time.

While the Samsung partnership is a boon for Enjin Coin, it’s a dream come true for the crypto community as it combines three major target audiences: hardware tech heads, crypto enthusiasts and gamers. The partnership pairs a tech giant that has global reach and millennial appeal with a cryptocurrency that’s designed for gamers.

The partnership also marks a significant step for cryptocurrency at large because it means the technology can go mobile with major corporate support, positioning crypto as a driving force in the future of payments, e-commerce and the distribution of data and digital assets.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
  • Partnership Announcement – Oraichain x DoraHacks
    March 16, 2023
  • Wemade Announces Partnership With Space and Time To Power Blockchain and Gaming Services
    March 15, 2023
  • DAO Maker’s Degen Zoo Builds the Abandoned Logan Paul Game in 30 Days
    March 10, 2023
  • New Peer-to-Peer Chat Application Launches on the Decentralized Streamr Network
    March 9, 2023
  • SelfKey Releases AI and ZK-Based Solutions for Safer Digital Verification
    March 9, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,338.59
$28,338.59
4.01%
Ethereum
$1,790.79
$1,790.79
0.05%
Cardano
$0.346563
$0.346563
1%
XRP
$0.38519
$0.38519
0.07%
Dogecoin
$0.07481
$0.07481
0.13%

Spotlight

  • Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen
    March 13, 2023
  • Coinbase Issues Alert to Crypto Traders, Says It Will No Longer Support Six Ethereum-Based Altcoins
    March 15, 2023
  • Most Dogecoin (DOGE) Holders in Profit As Over 65% of Shiba Inu (SHIB) Owners Languish Underwater: IntoTheBlock
    March 18, 2023
  • Bitcoin (BTC) Nowhere Near Finished Ripping, Says Top Crypto Trader – Here’s His Target
    March 14, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl