Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $1.928 USD, up by approximately 7.71% from the day prior. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 46.38% below its 20 day moving average. Over the past two weeks, price has been in a down trend. To help contextualize yesterday’s price move, we can observe that price has rallied 3 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 61.19% less than its 7 day average volume.
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 $1.235773 and $5.955727, 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.
The currency’s market cap currently stands at $674 million 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. In terms of recurring usage, we can note that 35,940 wallets have sent or received coins in the past month, while 2,181 have in the past day.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 262.11% 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 2.73% 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 0.92%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.26%.
The Latest on Chainlink and Social Media
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 34 and 16 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 46,150 following it, may be a good place to start. You can follow Chainlink on Twitter here.
Article by SixJupiter
