Chainlink: What’s the Latest Regarding its Price?
Chainlink is down by approximately 9.18% from the previous day, with its price currently hovering around $3.006 USD. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 24.94% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for Chainlink has increased 4 of the previous 5 days. Another data point we may find worthy of observation is that price for Chainlink has increased 4 of the previous 5 days.
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 $1.586823 and $3.225277, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
As for Chainlink’s market cap, it is currently at about $1,048M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 7,686 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink increase by 633. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 2,285 wallets making a transfer this past day and 34,357 wallets having made a transfer in the past month.
Just How Rich are Chainlink’s Richest Holders?
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%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 4.01% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.07%.
The Latest on Chainlink and Social Media
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 204 and 52 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 48,032 following it, may be a good place to start. You can follow Chainlink on Twitter here.
Article by SixJupiter
