How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.29 USD, which puts it down by approximately 1.29% 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 4.12% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. 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 $2.012287 and $2.386613 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
The currency’s market cap currently stands at $803 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 2,744 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count jump by 47. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 856 wallets making a transfer this past day and 33,400 wallets having made a transfer in the past month.
How are the Strong Holders of Chainlink Faring?
In terms of wealth concentration, the richest 1,000 wallets own 261.53% 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%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.14% of the currency’s money supply. Exchange ownership grew by 0.44% 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?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 83 and 19 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 47,615 following it, may be a good place to start. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
