January 23, 2020: Chainlink (LINK): Down 6.63%; 3rd Consecutive Down Day

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Chainlink: What’s the Latest Regarding its Price?

At the time of this writing, Chainlink has a price of $2.494 USD, which puts it down by approximately 6.63% from yesterday. Chainlink is currently in an up, but it should be noted that this is now the the 3rd day in a row that price has been down. Moreover, Chainlink is now 6.67% above its 20 day moving average. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.934904 and $2.741396 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading 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 $926 million US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 20,665 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 186. To provide context, we’d rank this token as 5 out of the 30 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

How are the Strong Holders of Chainlink Faring?

The top 1,000 Chainlink wallets hold over 91.65% 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 -0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.01%.

Technical Development Status

The last activity date on Chainlink’s GitHub repository was January 22, 2020, or about 1 days ago. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by -0.03 and 0.67, respectively, over the past 30 days.

What’s Going on Social Media?

In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 29 and 10 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 40,216 users engaged. Here is the Twitter page for Chainlink.

Where to Buy

You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.

Article by SixJupiter

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