Chainlink: What’s the Latest Regarding its Price?
Chainlink is down by approximately 2.37% from the previous day, with its price currently hovering around $2.188 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 11.56% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 $1.553232 and $2.369268. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of 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 $783 million US dollars.
What Anamolies Occurred Since Yesterday?
The following metrics showed unusual change over the past 24 hours for Chainlink: holders added. Further investigation may be warranted.
Straight Off the Chain
Yesterday saw 19,795 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 441. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 2.5 out of the 29 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.67%. 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. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.06%.
Technical Development Status
Chainlink hasn’t had any activity on any of its GitHub repos since January 11, 2020 — 2 days prior. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0.2 per day on average, while the number of watchers has grown by 0.47.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 71 and 15 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
