March 31, 2020: Chainlink (LINK): Up 0.33%; 2nd Consecutive Up Day

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Chainlink Price Update

At the time of this writing, Chainlink has a price of $2.148 USD, which puts it up by approximately 0.33% from yesterday. Chainlink enters the day 0.01% below its 20 day moving average, but is experiencing its the 2nd day in a row up. Another data point we may find worthy of observation is that price for Chainlink has increased 3 of the previous 5 days. Another data point we may find worthy of observation is that price for Chainlink has increased 3 of the previous 5 days.

Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Chainlink imply the currency may oscillate between $1.906077 and $2.390423, based on how price has behaved in the two weeks prior. 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 $755M US dollars.

Daily Engagement Metrics Update

3,151 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 367. In terms of recurring usage, we can note that 35,720 wallets have sent or received coins in the past month, while 1,010 have in the past day.

Just How Rich are Chainlink’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 261.67% 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. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 3.7% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.16% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.46%.

Chainlink’s Social Media Presence

In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 90 and 21 over the past 24 hours. If you are interested in following Chainlink on social media, Twitter, where it has 47,185 following it, may be a good place to start. You can follow Chainlink on Twitter here.

Article by SixJupiter

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