How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 1.89% from the previous day, with its price currently hovering around $3.724 USD. Chainlink is currently in an up, and it should be noted that this is now the the 2nd consecutive day that price has been up. Moreover, Chainlink is now 5.37% above its 20 day moving average. 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 65.7% 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 $3.273394 and $3.795006, 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.
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 $1,302 million.
Update on Transactions and Holders
Yesterday saw 3,998 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 498. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 1,457 wallets making a transfer this past day and 33,091 wallets having made a transfer in the past month.
How are the Strong Holders of Chainlink Faring?
In terms of wealth concentration, the richest 1,000 wallets own 260.89% of the coin’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. 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 2.55% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.05%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.52%.
Chainlink’s Social Media Presence
Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring.
Article by SixJupiter
