Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $3.341 USD, down by approximately 1.24% from the day prior. Chainlink enters the day 26.22% above its 20 day moving average, but is experiencing its the 2nd straight day down. From another vantage point, note that price has gone up 21 of the past 30 days. Another data point we may find worthy of observation is that price for Chainlink has increased 21 of the previous 30 days.
As for Chainlink’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $1.662551 and $3.631349. 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 $1,165M US dollars.
Update on Transactions and Holders
4,903 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 428. In terms of recurring usage, we can note that 32,358 wallets have sent or received coins in the past month, while 1,555 have in the past day.
How are the Strong Holders of Chainlink Faring?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.48% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. 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 3.82% of the currency’s money supply. Exchange ownership grew by -0.29% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.04% over that time period.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 202 and 56 over the past day for Chainlink. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Chainlink on Twitter here.
Article by SixJupiter
