How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.088 USD, which puts it up by approximately 6.58% from yesterday. Chainlink is currently in a down, but it should be noted that this is now the the 3rd day in a row that price has been up. Moreover, Chainlink is now 38.38% below its 20 day moving average. From another vantage point, note that price has gone up 5 of the past 14 days. Another data point we may find worthy of observation is that price for Chainlink has increased 5 of the previous 14 days.
As for 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 $1.151905 and $5.625595. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The market capitalization of Chainlink, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $720 million.
Update on Transactions and Holders
NA 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 NA by approximately NA. To understand loyalty or repeat usage amongst holders of Chainlink, we can note that there were 1,772 wallets making a transaction yesterday, while 35,777 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 262.05% of the token’s total money supply. To further clarify, our supply metric focuses only on supply that is publicly available while many large holders may have tokens they are not able to sell yet — which is why this value can exceed 100%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 2.92% 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 0.78%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.09%.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 33 and 15 over the past day for Chainlink. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 46,238 users engaged. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
