Chainlink Price Update
At the time of this writing, Chainlink has a price of $2.264 USD, which puts it down by approximately 7.74% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 41.35% below its 20 day moving average, and is currently in a down trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 14 days. Another data point we may find worthy of observation is that price for Chainlink has increased 6 of the previous 14 days.
As for 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 $2.044655 and $5.676345. 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 $783M US dollars.
Update on Transactions and Holders
NA transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink 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 0.07, with 2,662 wallets making a transfer this past day and 36,177 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 261.36% 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%. 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 2.71% of the currency’s total money supply. Exchange ownership grew by 0.03% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.06% 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 41 and 26 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 46,045 users engaged. Here is the Twitter page for Chainlink.
Article by SixJupiter
