December 10, 2019: Chainlink (LINK): Up 11.84%; Unusual Moves In Price; Price Crosses 20 Day Average

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How Did Chainlink’s Price Fare Yesterday?

Chainlink is up by approximately 11.84% from the previous day, with its price currently hovering around $2.277 USD. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 3.29% above its 20 day moving average. Over the past two weeks, price has been in a down trend. 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 $1.982284 and $2.426716, 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 shorting opportunities.

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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 $731 million.

What Anamolies Occurred Since Yesterday?

Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Straight Off the Chain

Over the past 24 hours, 8,546 transfers have been added to the blockchain recording transactions 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 172. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 5 out of the 34 Ethereum tokens we are tracking.

Observing Chainlink’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.83%. 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 0.81% 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 -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.02%.

Technical Development Status

Chainlink hasn’t had any activity on any of its GitHub repos since December 09, 2019 — 1 days prior. 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 -0.03 per day, while the number of followers watching Chainlink’s repositories is growing by 0.9.

The Latest on Chainlink and Social Media

In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 24 and 8 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 38,237 following it, may be a good place to start. Here is the Twitter page for Chainlink.

Where to Buy

You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.

Article by SixJupiter

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