December 2, 2019: Chainlink (LINK): Down 1.71%; 3rd Straight Down Day

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Chainlink: What’s the Latest Regarding its Price?

At the time of this writing, Chainlink has a price of $2.121 USD, which puts it down by approximately 1.71% from yesterday. This marked the the 3rd consecutive day Chainlink has been down; it is still in a downtrend, and is currently 16.49% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $2.137951 and $2.941549 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

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As for Chainlink’s market cap, it is currently at about $761M US dollars.

Straight Off the Chain

Yesterday saw 7,815 transfers amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 187. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 1.5 out of the 34 Ethereum tokens we are tracking.

How are the Strong Holders of Chainlink Faring?

The top 1,000 Chainlink wallets hold over 91.84% of the token’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 0.83% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.24%.

Technical Development Status

Chainlink hasn’t had any activity on any of its GitHub repos since December 01, 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 -0.37 per day, while the number of followers watching Chainlink’s repositories is growing by 0.93.

The Latest on Chainlink and Social Media

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 26 and 2 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 38,032 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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