Chainlink: What’s the Latest Regarding its Price?
At the time of this writing, Chainlink has a price of $2.779 USD, which puts it up by approximately 2.74% from yesterday. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 0.85% below 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 $2.532689 and $3.072711. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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As for Chainlink’s market cap, it is currently at about $967M US dollars.
Unusual Developments
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
16,480 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 508. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 1 out of the 36 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.83%. 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 0.99% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.02%.
Technical Development Status
Chainlink hasn’t had any activity on any of its GitHub repos since November 19, 2019 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by -0.2 and 1.2, respectively, over the past 30 days.
The Latest on Chainlink and Social Media
If you are interested in following Chainlink on social media, Twitter, where it has 37,582 following it, may be a good place to start. 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
