December 3, 2019: Chainlink (LINK): Down 1.1%; 4th Straight Down Day

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How Did Chainlink’s Price Fare Yesterday?

Chainlink’s current price, at the time of this writing, is $2.072 USD, down by approximately 1.1% from the day prior. Chainlink is currently in a down, and it should be noted that this is now the the 4th straight day that price has been down. Moreover, Chainlink is now 16.96% below its 20 day moving average. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $2.10541 and $2.88479 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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The currency’s market cap currently stands at $736 million US dollars.

Straight Off the Chain

8,368 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 221. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 6 out of the 34 Ethereum tokens we’re tracking.

Observing Chainlink’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.86%. 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. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.09%.

How Much Development is Occurring?

The last activity date on Chainlink’s GitHub repository was December 02, 2019, or about 1 days ago. 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 -0.13 per day, while the number of followers watching Chainlink’s repositories is growing by 0.97.

Chainlink’s Social Media Presence

In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 8 and 10 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 38,040 following it, may be a good place to start. 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

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