Polkadot, Enjin, VeChain analysis for 17, March
The market of altcoins has a correlation with Bitcoin but it doesn’t necessarily follow each of its steps. Let’s see how things turned within the last week on the examples of Polkadot, Enjin and VeChain.
Polkadot seems to correct itself only after the entire market did. After several good months it had a rather uneven few weeks; it lost 13% but gained back 8%. Its ecosystem keeps developing and the news about it fueled a rally in REN and OCEAN.
A few days ago Enjin was in the uptrend and even managed to hit an ATH. But then it lost 22% due to the influence of market correction. It had good chances to break through at the moment when the article was in process but didn’t make it.
Just like Enjin, VeChain was in the positive trend but the correction dragged it down as well. It managed to hit an ATH as well but now bears dominate the space, and it lost more than 10% of its value.