Chainlink: What’s the Latest Regarding its Price?
Chainlink’s current price, at the time of this writing, is $3.699 USD, down by approximately 4.74% from the day prior. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 3.73% above its 20 day moving average. Over the past two weeks, price has been in an up trend. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. Another data point we may find worthy of observation is that price for Chainlink has increased 2 of the previous 5 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 $3.29337 and $3.83833, based on how price has behaved in the two weeks prior. 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 $1,300M US dollars.
Daily Engagement Metrics Update
7,233 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 766. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 2,236 wallets making a transfer this past day and 34,246 wallets having made a transfer in the past month.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 260.87% 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%. 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 2.56% of the currency’s money supply. Exchange ownership grew by -0.29% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.07% over that time period.
The Latest on Chainlink and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Chainlink on Twitter here.
Article by SixJupiter
