How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 0.58% from the previous day, with its price currently hovering around $2.615 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 1.34% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 $2.261368 and $2.899232, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
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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 $916 million.
What Anamolies Occurred Since Yesterday?
Yesterday, the metrics holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
Over the past 24 hours, 14,172 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count increase by 523. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 5 out of the 34 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.89% 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 1.04% 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 -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.04%.
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 October 30, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by -0.03 and 1.37, respectively, over the past 30 days.
What’s Going on Social Media?
If you are interested in following Chainlink on social media, Twitter, where it has 36,590 following it, may be a good place to start. 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
