Chainlink Price Update
At the time of this writing, Chainlink has a price of $3.566 USD, which puts it up by approximately 3.27% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 23.28% above its 20 day moving average, and is currently in an up trend over the past 14 days. Another data point we may find worthy of observation is that price for Chainlink has increased 20 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 80.85% less than its 7 day average volume.
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 $2.134909 and $3.650491. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $1,248 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 3,978 transfers amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 488. In terms of recurring usage, we can note that 31,294 wallets have sent or received coins in the past month, while 1,448 have in the past day.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.32% 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. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 3.89% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.2% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.07%.
What’s Going on Social Media?
If you are interested in following Chainlink on social media, Twitter, where it has 49,074 following it, may be a good place to start. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
