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. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 4.94% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. 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.
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The currency’s market cap currently stands at $678 million US dollars.
Chainlink’s Surprises of the Day
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.
Daily Engagement Metrics Update
-1,590,600 transactions amongst holders of Chainlink occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone up by approximately 506. To provide context, we’d rank this token as 31 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Chainlink’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.71%. 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 0.72% of the currency’s total money supply. Exchange ownership grew by 0% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period.
Technical Development Status
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 06, 2020, 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 -0.03 and 0.37, 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 103 and 13 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 39,235 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
