Chainlink: What’s the Latest Regarding its Price?
At the time of this writing, Chainlink has a price of $3.619 USD, which puts it up by approximately 4.35% from yesterday. This marked the the 2nd consecutive day Chainlink has been up; it is still in an uptrend, and is currently 14.49% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Chainlink has increased 19 of the previous 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 76.68% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $2.812016 and $3.509984 based on its momentum and volatility over the past 14 days. 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 $1,264 million US dollars.
Update on Transactions and Holders
Yesterday saw 4,257 transfers amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink increase by 494. 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 1,427 wallets making a transfer this past day and 30,318 wallets having made a transfer in the past month.
Just How Rich are Chainlink’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 260.94% of the token’s total money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. 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 3.06% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.48% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.68%.
Chainlink’s Social Media Presence
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 134 and 22 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Chainlink.
Article by SixJupiter
