How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $1.793 USD, down by approximately 1.48% from the day prior. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 11.81% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Chainlink imply the currency may oscillate between $1.715423 and $2.350677, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
Where to trade Chainlink (symbol: LINK): Gate, Yobit, Binance, DDEX
The currency’s market cap currently stands at $628 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 5,069 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 211. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 3 out of the 30 Ethereum tokens we’re tracking.
How are the Strong Holders of Chainlink Faring?
In terms of wealth concentration, the richest 1,000 wallets own 91.73% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.79% of the currency’s money supply. Exchange ownership grew by -0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.07% over that time period.
How Active are the Software Developers?
In terms of how active the software development team working on Chainlink is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on September 05, 2019, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.2 per day, while the number of followers watching Chainlink’s repositories is growing by 1.27.
Chainlink’s Social Media Presence
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 62 and 6, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Chainlink on Twitter here.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
