Chainlink: What’s the Latest Regarding its Price?
Chainlink is down by approximately 3.02% from the previous day, with its price currently hovering around $3.953 USD. This marked the the 2nd consecutive day Chainlink has been down; it is still in a unclear trend, and is currently 4.93% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Chainlink has increased 14 of the previous 30 days. Another data point we may find worthy of observation is that price for Chainlink has increased 14 of the previous 30 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 $3.559021 and $4.756979, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Chainlink’s market cap, it is currently at about $1,387M US dollars.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count NA by NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 1,289 wallets making a transfer this past day and 34,503 wallets having made a transfer in the past month.
Just How Rich are Chainlink’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 261.16% of the coin’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 2.69% of the currency’s money supply. Exchange ownership grew by 0.26% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.26% over that time period.
Chainlink’s Social Media Presence
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 97 and 9 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 45,785 following it, may be a good place to start. You can follow Chainlink on Twitter here.
Article by SixJupiter
