Chainlink: What’s the Latest Regarding its Price?
Chainlink is up by approximately 3.04% from the previous day, with its price currently hovering around $3.862 USD. Chainlink enters the day 16.56% above its 20 day moving average, and is experiencing its the 4th consecutive day up. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 66.6% 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 $2.888399 and $3.738301. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
As for Chainlink’s market cap, it is currently at about $1,352M US dollars.
Straight Off the Chain
Yesterday saw 4,875 transfers 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 728. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 1,762 wallets making a transfer this past day and 30,956 wallets having made a transfer in the past month.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 260.64% 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. 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 2.63% 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 -0.71% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -1.25%.
What’s Going on Social Media?
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
