How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.496 USD, which puts it up by approximately 17.85% from yesterday. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 37.01% below its 20 day moving average. Over the past two weeks, price has been in a down trend. From another vantage point, note that price has gone up 14 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 8.2% less than its 7 day average volume.
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 $2.408049 and $5.516951, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $927 million US dollars.
Straight Off the Chain
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Chainlink. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone NA by approximately NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.09, with 3,124 wallets making a transfer this past day and 36,076 wallets having made a transfer in the past month.
Just How Rich are Chainlink’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.31% of the token’s total money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid 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 2.56% of the currency’s money supply. Exchange ownership grew by -0.16% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.01% over that time period.
The Latest on Chainlink and Social Media
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 85 and 23, respectively. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 46,004 users engaged. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
