Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $3.699 USD, up by approximately 2.72% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 21.34% above its 20 day moving average, and is currently in an up trend over the past 14 days. From another vantage point, note that price has gone up 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 69.61% 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 $2.521837 and $3.574863. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
As for Chainlink’s market cap, it is currently at about $1,297M US dollars.
Straight Off the Chain
Yesterday saw 4,894 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 565. In terms of recurring usage, we can note that 29,931 wallets have sent or received coins in the past month, while 1,418 have in the past day.
Just How Rich are Chainlink’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.21% of the token’s total 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%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.85% 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 -0.21%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.14%.
Chainlink’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 425 and 109 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 49,499 following it, may be a good place to start. Here is the Twitter page for Chainlink.
Article by SixJupiter
