How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $3.615 USD, down by approximately 2.87% from the day prior. Chainlink enters the day 3.65% above its 20 day moving average, but is experiencing its the 2nd consecutive day down. Another data point we may find worthy of observation is that price for Chainlink has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 56.76% 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 $3.073057 and $3.902543. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
As for Chainlink’s market cap, it is currently at about $1,266M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 5,121 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count jump by 591. To understand loyalty or repeat usage amongst holders of Chainlink, we can note that there were 1,805 wallets making a transaction yesterday, while 32,361 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
Just How Rich are Chainlink’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 261.07% of the 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 2.72% 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 -0.13%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -1.13%.
Chainlink’s Social Media Presence
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
