How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $3.786 USD, up by approximately 0.72% from the day prior. Chainlink enters the day 4.93% above its 20 day moving average, and 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 7 of the previous 10 days. Another data point we may find worthy of observation is that price for Chainlink has increased 7 of the previous 10 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 $3.361849 and $3.854151, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The currency’s market cap currently stands at $1,325 million US dollars.
Update on Transactions and Holders
4,476 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 532. In terms of recurring usage, we can note that 35,323 wallets have sent or received coins in the past month, while 1,693 have in the past day.
Just How Rich are Chainlink’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Chainlink wallets hold over 260.83% 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 2.47% 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 0.28%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.4%.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 231 and 73 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Chainlink on Twitter here.
Article by SixJupiter
