How Did Chainlink’s Price Fare Yesterday?
Chainlink is down by approximately 0.72% from the previous day, with its price currently hovering around $1.789 USD. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 4.64% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $1.770855 and $1.981145. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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The currency’s market cap currently stands at $635 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, no 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 fall by 0. To provide context, we’d rank this token as 5 out of the 31 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Chainlink Faring?
In terms of wealth concentration, the richest 1,000 wallets own 91.73% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 0.72% 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 -0.05% over that time period.
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 December 31, 2019, or approximately 2 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by -0.2 and 0.5, respectively, over the past 30 days.
The Latest on Chainlink and Social Media
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 74 and 14 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 39,052 following it, may be a good place to start. 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
