Chainlink Price Update
At the time of this writing, Chainlink has a price of $3.673 USD, which puts it down by approximately 2.98% from yesterday. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 23.24% above its 20 day moving average. Over the past two weeks, price has been in an up trend. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 61.2% less than its 7 day average volume.
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 $2.331265 and $3.629335, based on how price has behaved in the two weeks prior. 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 $1,277M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 5,882 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count increase by 706. To understand loyalty or repeat usage amongst holders of Chainlink, we can note that there were 1,627 wallets making a transaction yesterday, while 30,687 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.27% of the token’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 3.89% of the currency’s money supply. Exchange ownership grew by -0.23% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.29% over that time period.
The Latest on Chainlink and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
