April 28, 2020: Chainlink (LINK): Down 0.08%; 3rd Straight Down Day

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May 11, 2020: Chainlink (link): Down 2.02%; Price Crosses 20 Day Average; 2nd Consecutive Down Day
May 11, 2020: Chainlink (link): Down 2.02%; Price Crosses 20 Day Average; 2nd Consecutive Down Day

Chainlink Price Update

At the time of this writing, Chainlink has a price of $3.641 USD, which puts it down by approximately 0.08% from yesterday. Chainlink enters the day 3.65% above its 20 day moving average, but is experiencing its the 3rd straight day down. To help contextualize yesterday’s price move, we can observe that price has rallied 7 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 74.67% less than its 7 day average volume.

Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Chainlink imply the currency may oscillate between $3.138934 and $3.886666, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

May 2, 2020: Chainlink (link): Up 0.72%; 2nd Straight Up Day

The market capitalization of Chainlink, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $1,271 million.

Daily Engagement Metrics Update

5,042 transactions amongst holders of Chainlink occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone up by approximately 503. In terms of recurring usage, we can note that 32,742 wallets have sent or received coins in the past month, while 1,635 have in the past day.

Just How Rich are Chainlink’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 260.95% of the coin’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. 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 2.52% of the currency’s total money supply. Exchange ownership grew by -0.87% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.1% over that time period.

Chainlink’s Social Media Presence

Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring. May 2, 2020: Chainlink (link): Up 0.72%; 2nd Straight Up Day

Article by SixJupiter