How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.319 USD, which puts it up by approximately 0.65% from yesterday. This marked the the 6th consecutive day Chainlink has been up; it is still in a unclear trend, and is currently 6.65% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 17 of the past 30 days. Another data point we may find worthy of observation is that price for Chainlink has increased 17 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.950514 and $2.398286 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for Chainlink’s market cap, it is currently at about $811M US dollars.
Straight Off the Chain
Yesterday saw 6,576 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 317. To understand loyalty or repeat usage amongst holders of Chainlink, we can note that there were 1,046 wallets making a transaction yesterday, while 34,095 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
Just How Rich are Chainlink’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 261.54% of the money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Chainlink have ownership they cannot sell at this time — but may be able to in the future. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.15% of the currency’s money supply. Exchange ownership grew by 0.4% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.17% over that time period.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Chainlink on Twitter here.
Article by SixJupiter
