How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.655 USD, which puts it up by approximately 6.63% from yesterday. Chainlink enters the day 27.3% above its 20 day moving average, and is experiencing its the 4th consecutive day up. 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 $1.571908 and $2.599392. 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.
As for Chainlink’s market cap, it is currently at about $871M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 12,791 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 increase by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 6 out of the 30 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.65% of the coin’s total money supply. 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 0.81% 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 -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.09%.
How Active are the Software Developers?
Chainlink has been active recently on its GitHub repos, with its most recent code updates occurring today, January 17, 2020. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0.33 per day on average, while the number of watchers has grown by 0.5.
Chainlink’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 72 and 12 over the past day for Chainlink. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
