How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 0.96% from the previous day, with its price currently hovering around $3.256 USD. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 31.3% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 11 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 35.06% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.550497 and $3.409103 based on its momentum and volatility over the past 14 days. 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 $1,136 million US dollars.
Update on Transactions and Holders
5,558 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 457. In terms of recurring usage, we can note that 34,694 wallets have sent or received coins in the past month, while 1,916 have in the past day.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 261.51% of the coin’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 3.96% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.19%.
Chainlink’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 160 and 38 over the past day for Chainlink. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Chainlink.
Article by SixJupiter
