Chainlink Price Update
At the time of this writing, Chainlink has a price of $2.729 USD, which puts it down by approximately 3.02% from yesterday. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 0.95% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $2.588898 and $2.817802. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
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The currency’s market cap currently stands at $975 million US dollars.
Straight Off the Chain
Over the past 24 hours, 6,966 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 231. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 8 out of the 36 Ethereum tokens we’re tracking.
How are the Strong Holders of Chainlink Faring?
The top 1,000 Chainlink wallets hold over 91.91% 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 1.06% of the currency’s money supply. Exchange ownership grew by 0.06% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.03% over that time period.
How Much Development is Occurring?
Chainlink hasn’t had any activity on any of its GitHub repos since November 09, 2019 — 2 days prior. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0.13 per day on average, while the number of watchers has grown by 1.27.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 25 and 14 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 37,100 following it, may be a good place to start. 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
