Chainlink: What’s the Latest Regarding its Price?
Chainlink’s current price, at the time of this writing, is $2.364 USD, up by approximately 2.87% from the day prior. Chainlink is currently in a unclear , and it should be noted that this is now the the 5th day in a row that price has been up. Moreover, Chainlink is now 9.17% above its 20 day moving average. From another vantage point, note that price has gone up 10 of the past 14 days. Another data point we may find worthy of observation is that price for Chainlink has increased 10 of the previous 14 days.
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 $1.93654 and $2.39446, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
As for Chainlink’s market cap, it is currently at about $825M US dollars.
Straight Off the Chain
Yesterday saw 3,357 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 349. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 1,172 wallets making a transfer this past day and 35,090 wallets having made a transfer in the past month.
Just How Rich are Chainlink’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.54% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. 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 4.08% of the currency’s money supply. Exchange ownership grew by 0.26% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.21% over that time period.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 92 and 2 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 47,532 users engaged. You can follow Chainlink on Twitter here.
Article by SixJupiter
