How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $2.363 USD, down by approximately 1.54% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 15.92% 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 $1.614473 and $2.462327. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
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The market capitalization of Chainlink, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $840 million.
Update on Transactions and Holders
Over the past 24 hours, 13,212 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count increase by 379. 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.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.66% of the coin’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. Exchange ownership grew by 0.03% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.04% over that time period.
How Active are the Software Developers?
The last activity date on Chainlink’s GitHub repository was January 15, 2020, 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 0.3 per day, while the number of followers watching Chainlink’s repositories is growing by 0.47.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 34 and 8 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 39,831 users engaged. 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
