Chainlink: What’s the Latest Regarding its Price?
Chainlink’s current price, at the time of this writing, is $1.984 USD, down by approximately 0.8% from the day prior. Chainlink is currently in a down, and it should be noted that this is now the the 2nd consecutive day that price has been down. Moreover, Chainlink is now 33.54% below its 20 day moving average. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 10 days. Another data point we may find worthy of observation is that price for Chainlink has increased 5 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.592619 and $4.377781 based on its momentum and volatility over the past 14 days. 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 $694 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 further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 1,198 wallets making a transfer this past day and 36,947 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 261.89% 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%. 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 3.88% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 1.07%.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 25 and 13 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 46,710 following it, may be a good place to start. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
