How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $1.813 USD, which puts it down by approximately 0.33% from yesterday. Chainlink is currently in a unclear , but it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, Chainlink is now 3.64% above its 20 day moving average. 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 $1.518001 and $1.980599, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
Where to trade Chainlink (symbol: LINK): Gate, Yobit, Binance, DDEX
The currency’s market cap currently stands at $635 million US dollars.
Unusual Developments
The following metrics showed unusual change over the past 24 hours for Chainlink: holders added and transfers added. Further investigation may be warranted.
Straight Off the Chain
Over the past 24 hours, 19,541 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 jump by 954. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 3 out of the 30 Ethereum tokens we are tracking.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.39% of the token’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 0.85% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.15% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.26%.
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 23, 2019 (today). 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 0.27 per day, while the number of followers watching Chainlink’s repositories is growing by 0.07.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 42 and 16 over the past day for Chainlink. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Chainlink.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
