Chainlink Price Update
Chainlink is up by approximately 2.96% from the previous day, with its price currently hovering around $4.068 USD. Chainlink is currently in a down, and it should be noted that this is now the the 3rd consecutive day that price has been up. Moreover, Chainlink is now 0.15% above its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 7 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 24.98% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $3.425611 and $4.698089 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
As for Chainlink’s market cap, it is currently at about $1,411M US dollars.
Straight Off the Chain
Over the past 24 hours, 4,846 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 480. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 1,663 wallets making a transfer this past day and 28,789 wallets having made a transfer in the past month.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 261.59% of the coin’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.98% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.1%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.04%.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 101 and 17 over the past day for Chainlink. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 43,677 users engaged. You can follow Chainlink on Twitter here.
Article by SixJupiter
