How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.24 USD, which puts it up by approximately 0.4% from yesterday. This marked the the 6th day in a row Chainlink has been up; it is still in an uptrend, and is currently 16.21% above 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 $1.552252 and $2.302948. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
Get your analysis of Chainlink (LINK) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.
The currency’s market cap currently stands at $780 million US dollars.
Straight Off the Chain
Over the past 24 hours, 13,581 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 286. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 2.5 out of the 29 Ethereum tokens we are tracking.
How are the Strong Holders of Chainlink Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.68%. 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 0.77% 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 -0.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.05%.
How Active are the Software Developers?
Chainlink hasn’t had any activity on any of its GitHub repos since January 10, 2020 — 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 per day, while the number of followers watching Chainlink’s repositories is growing by 0.4.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 153 and 33 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Chainlink on Twitter.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
