Chainlink: What’s the Latest Regarding its Price?
Chainlink is up by approximately 1.39% from the previous day, with its price currently hovering around $1.748 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 0.34% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $1.516548 and $1.967752, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
Where to trade Chainlink (symbol: LINK): Gate, Yobit, Binance, DDEX
The market capitalization of Chainlink, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $609 million.
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.
Update on Transactions and Holders
Over the past 24 hours, 11,189 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone up by approximately 2147. To provide context, we’d rank this token as 6 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Chainlink’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 91.7% of the coin’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 0.96% of the currency’s total money supply. Exchange ownership grew by -0.16% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.17% over that time period.
Technical Development Status
Chainlink has been active recently on its GitHub repos, with its most recent code updates occurring today, September 25, 2019. 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 -0.3.
Chainlink’s Social Media Presence
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 203 and 39, respectively. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 33,228 users engaged. Use this link to follow Chainlink on Twitter.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
