Chainlink: What’s the Latest Regarding its Price?
At the time of this writing, Chainlink has a price of $2.268 USD, which puts it up by approximately 0.18% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 14.03% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 9 of the past 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 87.53% less than its 7 day average volume.
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 $2.257907 and $3.018293. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Chainlink’s market cap, it is currently at about $792M US dollars.
Update on Transactions and Holders
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 understand loyalty or repeat usage amongst holders of Chainlink, we can note that there were 1,130 wallets making a transaction yesterday, while 36,976 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.03.
Observing Chainlink’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.79% of the token’s total money supply. Ownership exceeding 100% is due to the fact that our supply metric is focused just on available supply, and some large owners of Chainlink have ownership they cannot sell at this time — but may be able to in the future. 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 3.99% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.27% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 1.06%.
Chainlink’s Social Media Presence
Traders interested in following Chainlink has the biggest presence on Twitter, where it has 46,824 users engaged. Use this link to follow Chainlink on Twitter.
Article by SixJupiter