How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $2.389 USD, up by approximately 5.38% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 7.41% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 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.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $2.021811 and $2.426489 based on its momentum and volatility over the past 14 days. 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 $835M US dollars.
Update on Transactions and Holders
Yesterday saw 2,768 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count jump by 240. 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 862 wallets making a transfer this past day and 32,991 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 261.51% of the coin’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 4.06% of the currency’s money supply. Exchange ownership grew by 0.27% 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 45 and 14 over the past 24 hours. 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
