Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $2.826 USD, up by approximately 10.39% from the day prior. Chainlink enters the day 24.16% above its 20 day moving average, and is experiencing its the 2nd consecutive day up. Another data point we may find worthy of observation is that price for Chainlink has increased 10 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 65.37% greater 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 $1.881205 and $2.670895, 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.
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 $988 million.
Update on Transactions and Holders
Yesterday saw 5,059 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 552. 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 1,355 wallets making a transfer this past day and 33,138 wallets having made a transfer in the past month.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.53% of the token’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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.11% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.15% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.41%.
What’s Going on Social Media?
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 36 and 21, respectively. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 47,696 users engaged. Here is the Twitter page for Chainlink.
Article by SixJupiter
