How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $3.731 USD, which puts it down by approximately 1.66% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 8.33% 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 20 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 55.7% 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 $3.01801 and $3.87039. 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 $1,305M US dollars.
Straight Off the Chain
Over the past 24 hours, 5,717 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink increase by 350. 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 1,704 wallets making a transfer this past day and 31,829 wallets having made a transfer in the past month.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.11% 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 2.54% of the currency’s money supply. Exchange ownership grew by -1.34% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.16% over that time period.
The Latest on Chainlink and Social Media
Traders interested in following Chainlink has the biggest presence on Twitter, where it has 50,066 users engaged. Here is the Twitter page for Chainlink.
Article by SixJupiter
