Chainlink: What’s the Latest Regarding its Price?
At the time of this writing, Chainlink has a price of $3.287 USD, which puts it up by approximately 3.69% from yesterday. Chainlink enters the day 38.77% above its 20 day moving average, and is experiencing its the 4th straight day up. To help contextualize yesterday’s price move, we can observe that price has rallied 4 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 31.74% 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 $1.597037 and $3.140163, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
As for Chainlink’s market cap, it is currently at about $1,153M US dollars.
Update on Transactions and Holders
Yesterday saw 6,648 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 272. In terms of recurring usage, we can note that 33,530 wallets have sent or received coins in the past month, while 1,863 have in the past day.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.58% of the token’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 4.03% of the currency’s 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.03%.
The Latest on Chainlink and Social Media
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 74 and 52, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Chainlink.
Article by SixJupiter
