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Enjin Coin (ENJ) Surge Sparks Altcoin Season Talk

Speculation on the altcoin markets has rekindled talks of a new season for the smaller assets after Enjin Coin (ENJ) staged a spectacular rally. ENJ, which doubled in value over the past week, traded at $0.16 as of 9:15 UTC on Friday, gaining 58% overnight.

ENJ has had similar rallies in the past. This time, however, the hype was triggered by a message that the asset would be an integral part of the cryptocurrency options on Samsung (KS:005930) S10. Other coins have surged on similar rumors, which later turned out to be false but proved enough to generate speculative trading.

In the case of ENJ, the rumors about the S10 phone and its native digital asset wallet persisted. For now, there is neither clear proof to the contrary, nor an official confirmation of the news.

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This article appeared first on Cryptovest

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