Chainlink Price Update
Chainlink is up by approximately 0.61% from the previous day, with its price currently hovering around $2.294 USD. This marked the the 7th straight day Chainlink has been up; it is still in an uptrend, and is currently 17.73% above 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 $1.529932 and $2.366968 based on its momentum and volatility over the past 14 days. 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.
As for Chainlink’s market cap, it is currently at about $796M US dollars.
Update on Transactions and Holders
No transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink fall by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 2.5 out of the 30 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.67% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.77% 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 -0.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.06%.
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 January 11, 2020, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0.07 per day on average, while the number of watchers has grown by 0.43.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 63 and 8 over the past day for Chainlink. 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
