How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $3.238 USD, which puts it down by approximately 0.37% from yesterday. Chainlink is currently in an up, but it should be noted that this is now the the 3rd consecutive day that price has been down. Moreover, Chainlink is now 20.45% above its 20 day moving average. Another data point we may find worthy of observation is that price for Chainlink has increased 6 of the previous 10 days. Another data point we may find worthy of observation is that price for Chainlink has increased 6 of the previous 10 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 $1.753494 and $3.622806, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $1,135 million US dollars.
Straight Off the Chain
Over the past 24 hours, 5,760 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone up by approximately 455. 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 1,456 wallets making a transfer this past day and 32,228 wallets having made a transfer in the past month.
How are the Strong Holders of Chainlink Faring?
In terms of wealth concentration, the richest 1,000 wallets own 261.43% 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. 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 3.74% 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 -0.11%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.3%.
Chainlink’s Social Media Presence
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 135 and 31, respectively. If you are interested in following Chainlink on social media, Twitter, where it has 48,820 following it, may be a good place to start. Here is the Twitter page for Chainlink.
Article by SixJupiter
