Approaching the end of weak hands selloff

11 เม.ย. 2021Two simple factors to consider about Enjin Coin:

• *Incoming disruption of the NFT ecosystem through Efinity and Polkadot synergy
  *Ecological relevance thanks to gas free minting through the Jumpnet framework

WHO BOUGHT (AND WHY IT MATTERS)
On the 7th of April the Coinbase listing created a massive catalyst effect, probably attracting a few whales into its space.
This created a strong support at the 3USD level.

WHO SOLDS (AND WHY IT MATTERS)
Thousands of small players woke up with the temptation of a decent profit after participating in the ICO and buying in over the last 2-3 years.
These small players HAVE NO IDEA about the two factors listed above or the fundamentals of Enjin.
They mainly cared about paying off some mortgage, buying a car, spending money on some hookers, etc.

It seems the head and shoulders pattern was invalidated today, this suggests me the sell-off ended.
Volume tells us there were probably no whales involved in the sell-off.
My idea is that we shook off the bad apples from the tree and ENJ is now free to climb its path towards being a top 10 crypto, as it deserves to be.