Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $2.122 USD, down by approximately 1.07% from the day prior. This marked the the 2nd day in a row Chainlink has been down; it is still in a unclear trend, and is currently 12.83% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 6 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 42.01% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $2.086561 and $2.781839 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
As for Chainlink’s market cap, it is currently at about $742M US dollars.
Daily Engagement Metrics Update
NA transactions amongst holders of Chainlink occurred yesterday. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count NA by 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 1,197 wallets making a transfer this past day and 36,688 wallets having made a transfer in the past month.
How are the Strong Holders of Chainlink Faring?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 261.71% 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 3.75% 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 -0.17% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.23%.
Chainlink’s Social Media Presence
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 213 and 41 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 47,037 following it, may be a good place to start. Here is the Twitter page for Chainlink.
Article by SixJupiter
