Chainlink Price Update
At the time of this writing, Chainlink has a price of $1.935 USD, which puts it down by approximately 0.15% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 4.94% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $1.720657 and $1.967143. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
Trade Chainlink (LINK) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
As for Chainlink’s market cap, it is currently at about $678M US dollars.
Unusual Developments
Since yesterday, Chainlink saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
-1,590,600 transactions amongst holders of Chainlink occurred yesterday. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 506. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 31 out of the 32 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.71% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.72% 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 -0.03%.
How Much Development is Occurring?
Chainlink hasn’t had any activity on any of its GitHub repos since January 06, 2020 — 1 days prior. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0 per day on average, while the number of watchers has grown by 0.37.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 103 and 13 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 39,235 following it, may be a good place to start. 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
