How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.145 USD, which puts it down by approximately 5.34% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 33.4% 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 5 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 79.98% less than its 7 day average volume.
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 $1.3931 and $5.0483. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The market capitalization of Chainlink, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $755 million.
Straight Off the Chain
NA transactions amongst holders of Chainlink occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone NA by approximately NA. In terms of recurring usage, we can note that 36,878 wallets have sent or received coins in the past month, while 2,049 have in the past day.
Just How Rich are Chainlink’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 261.88% of the 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 3.97% of the currency’s money supply. Exchange ownership grew by 1.26% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.52% over that time period.
Chainlink’s Social Media Presence
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 101 and 11, respectively. If you are interested in following Chainlink on social media, Twitter, where it has 46,628 following it, may be a good place to start. You can follow Chainlink on Twitter here.
Article by SixJupiter
