How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.626 USD, which puts it up by approximately 0.46% from yesterday. This marked the the 2nd consecutive day Chainlink has been up; it is still in a unclear trend, and is currently 6.56% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Chainlink’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $2.211827 and $2.717073. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
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The currency’s market cap currently stands at $916 million US dollars.
Update on Transactions and Holders
Yesterday we did not see any transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count decline by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 6 out of the 35 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.92%. 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 1.07% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.09%.
Technical Development Status
Chainlink hasn’t had any activity on any of its GitHub repos since October 23, 2019 — 1 days prior. 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 -0.37 per day, while the number of followers watching Chainlink’s repositories is growing by 1.03.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 151 and 38 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
