Chainlink: What’s the Latest Regarding its Price?
Chainlink is down by approximately 0.88% from the previous day, with its price currently hovering around $3.273 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 29.22% 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 3 of the past 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 69.12% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.588407 and $3.477293 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.
The currency’s market cap currently stands at $1,150 million US dollars.
Straight Off the Chain
Yesterday saw 6,238 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count increase by 185. 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 1,570 wallets making a transfer this past day and 33,411 wallets having made a transfer in the past month.
Just How Rich are Chainlink’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 261.56% of the 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 4.12% 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 -0.02%.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 133 and 59 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 48,325 following it, may be a good place to start. Here is the Twitter page for Chainlink.
Article by SixJupiter
