How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 3.85% from the previous day, with its price currently hovering around $2.345 USD. Chainlink enters the day 18.69% below its 20 day moving average, but is experiencing its the 2nd consecutive day up. To help contextualize yesterday’s price move, we can observe that price has rallied 8 of the past 14 days. Another data point we may find worthy of observation is that price for Chainlink has increased 8 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 $1.909337 and $3.858563. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading 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 $820 million.
Update on Transactions and Holders
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of Chainlink, we can note that there were 1,413 wallets making a transaction yesterday, while 37,113 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.83% 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.15% of the currency’s money supply. Exchange ownership grew by 1.43% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.28% over that time period.
Chainlink’s Social Media Presence
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 40 and 8, respectively. If you are interested in following Chainlink on social media, Twitter, where it has 46,750 following it, may be a good place to start. Here is the Twitter page for Chainlink.
Article by SixJupiter
