Chainlink: What’s the Latest Regarding its Price?
Chainlink is up by approximately 5.23% from the previous day, with its price currently hovering around $2.114 USD. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 5.23% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. To help contextualize yesterday’s price move, we can observe that price has rallied 6 of the past 10 days. Another data point we may find worthy of observation is that price for Chainlink has increased 6 of the previous 10 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 $1.937097 and $2.524303. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $740 million US dollars.
Straight Off the Chain
2,915 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 up by approximately 380. In terms of recurring usage, we can note that 36,013 wallets have sent or received coins in the past month, while 979 have in the past day.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 261.71% of the coin’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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 3.79% 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 -0.18% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.09%.
What’s Going on Social Media?
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 27 and 10, respectively. If you are interested in following Chainlink on social media, Twitter, where it has 47,095 following it, may be a good place to start. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
