Chainlink Price Update
Chainlink is down by approximately 2.84% from the previous day, with its price currently hovering around $2.085 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 10.61% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Chainlink has increased 9 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 86.3% 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 $1.985259 and $2.679941. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $729 million US dollars.
Straight Off the Chain
Yesterday saw 1,022 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count increase by 141. To understand loyalty or repeat usage amongst holders of Chainlink, we can note that there were 1,007 wallets making a transaction yesterday, while 36,324 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.
Just How Rich are Chainlink’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 261.71% of the 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 3.7% 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 -0.18%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.34%.
The Latest on Chainlink and Social Media
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 31 and 7, respectively. If you are interested in following Chainlink on social media, Twitter, where it has 47,068 following it, may be a good place to start. You can follow Chainlink on Twitter here.
Article by SixJupiter
