How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $3.659 USD, which puts it down by approximately 0.57% 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 13.22% above its 20 day moving average, and is currently in an up trend over the past 14 days. From another vantage point, note that price has gone up 4 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 75.36% 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 $2.856522 and $3.607078, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $1,279 million US dollars.
Straight Off the Chain
4,828 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 up by approximately 614. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 1,526 wallets making a transfer this past day and 30,565 wallets having made a transfer in the past month.
Just How Rich are Chainlink’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 260.81% of the token’s total 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 2.85% of the currency’s money supply. Exchange ownership grew by -0.82% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.49% over that time period.
Chainlink’s Social Media Presence
Traders interested in following Chainlink has the biggest presence on Twitter, where it has 49,758 users engaged. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
