Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $2.671 USD, down by approximately 0.34% from the day prior. Chainlink enters the day 16.1% above its 20 day moving average, but is experiencing its the 2nd consecutive day down. 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 $1.862555 and $2.738845. Given its boundaries, rangebound traders may find it compelling to entertain selling, 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 $933 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 10,338 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 0. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 5 out of the 31 Ethereum tokens we are tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.64% 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 0.76% of the currency’s total money supply. Exchange ownership grew by 0.02% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period.
How Much Development is Occurring?
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 January 21, 2020, or approximately 1 days before. 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 0.27 per day, while the number of followers watching Chainlink’s repositories is growing by 0.63.
Chainlink’s Social Media Presence
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 52 and 18 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 40,187 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
