General Market Outlook
The market has made no significant change overall, but many coins in top 100 by market cap continue to post double digit percentage gains. Trading volume is still high, but slowed by $2 billion to roughly $29 billion in 24 hours. Maximine Coin (MXM), Bitcoin Diamond and Crypto.com Chain (CRO) are the major stand outs of the top 100 coins by market cap - up over 31%, 19 and 19% respectively in the past 24 hours. The value of Bitcoin (BTC) is slightly lower at $3,900 for -0.5% and a total market dominance of 51.3%, and the value of Ethereum (ETH) is still between $130 and $135 for -1.0% change in the past 24 hours. Market cap for the overall cryptocurrency market changed very little, dropping less than $1 billion, to just under $134 billion total.
Swissquote Gains Custody Service
Retail and institutional customers of Switzerland based Swissquote will be able to transfer and store cryptocurrencies on their Swissquote accounts beginning next week. In order to manage the new custody services, Swissquote partnered with Zug-based Crypto Storage AG, which is a subsidiary of Crypto Finance AG. The financial services company had previously offered only cryptocurrency trading services where users were not able to move cryptocurrencies to and from their platform. The trading services supports bitcoin (BTC), bitcoin cash (BCH), ether (ETH), litecoin (LTC) and XRP (XRP) through the Bitstamp Exchange.
Potential Samsung / Enjin Coin Partnership
The price of Enjin Coin (ENJ) soared over the weekend in light of a potential partnership with Samsung. The price more than doubled on Saturday, and has since settled out to roughly 50% higher than it was last week for a market cap value of almost $130 billion. The partnership has not been officially recognized yet, but during a display of a new Samsung smartphone product, the ENJ logo was displayed on the device’s screen. “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’s VP of marketing. The showcase involved Samsung’s new “Keystore” feature, which creates a partitioned section on the device for secure cryptocurrency storage.
Galaxy S10 - Cryptocurrency Friendly
Samsung Electronics has finally officially launched marketing for a new cryptocurrency wallet that will be featured on their newest smartphone, the Galaxy S10. The company has produced a research reports over the past year on the potential for smartphones as ideal cryptocurrency storage devices, so the launch comes as no real surprise. The Samsung Blockchain Wallet is compatible all ethereum-based ERC20 tokens at this time, meaning that Bitcoin is not yet supported. The wallet will come with four decentralized apps (dapps) at launch: crypto gaming platform Enjin, beauty community Cosmee, crypto collectibles platform CryptoKitties and merchant payments service CoinDuck. The only Samsung device that will support the software at this time will be the Galaxy S10, which began pre order sales on March 8th.
Top 5 Gainers
Tidex Token (TDX) +96.62% at $0.021512
Mithril Ore (MORE) +93.86% at $25.31
Game Stars (GST) +64.68% at $0.000402
SingularDTV (SNGLS) +46.70% at $0.025514
Capricoin (CPC) +46.25% at $0.365571
Top 5 Losers
Name (TICK) -39.09% at $5.85
Name (TICK) -27.11% at $0.406474
Name (TICK) -26.59% at $7.08
Name (TICK) -25.23% at $0.000358
Name (TICK) -24.76% at $0.001492
New Coins Listed
Komodo (KMD) listed to LiveCoin
Decred Project (DCR) listed to OKCoin
Ontology (ONT) listed to Bittrex International
By: BGN Editorial Staff