Chainlink Price Update
Chainlink is down by approximately 0.41% from the previous day, with its price currently hovering around $2.68 USD. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 18.67% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Chainlink imply the currency may oscillate between $1.826513 and $2.690187, based on how price has behaved in the two weeks prior. 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 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 $943 million.
Straight Off the Chain
Yesterday saw 10,705 transfers amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink increase by 295. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 5 out of the 30 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.63% of the token’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 0.76% 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 -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.02%.
How Active are the Software Developers?
Chainlink has been active recently on its GitHub repos, with its most recent code updates occurring today, January 21, 2020. 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 0.17 per day, while the number of followers watching Chainlink’s repositories is growing by 0.6.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 42 and 16 over the past 24 hours. 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
