Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $2.157 USD, down by approximately 1.82% from the day prior. This marked the the 2nd consecutive day Chainlink has been down; it is still in a unclear trend, and is currently 6.93% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Chainlink’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $2.083447 and $2.551553. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
Where to trade Chainlink (symbol: LINK): Gate, Yobit, Binance, DDEX
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 $764 million.
Straight Off the Chain
4,952 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink jump by 167. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 6 out of the 32 Ethereum tokens we are tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.88% of the coin’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 0.92% of the currency’s total money supply. Exchange ownership grew by -0.04% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.04% over that time period.
How Active are the Software Developers?
In terms of how active the software development team working on Chainlink is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on August 24, 2019, or approximately 1 days before. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about -0.07 per day, while the number of followers watching Chainlink’s repositories is growing by 1.43.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 22 and 12 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.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
