Chainlink Price Update
Chainlink is down by approximately 0.63% from the previous day, with its price currently hovering around $3.798 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 4.61% above its 20 day moving average, and is currently in an up trend over the past 14 days. From another vantage point, note that price has gone up 3 of the past 5 days. Another data point we may find worthy of observation is that price for Chainlink has increased 3 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $3.379771 and $3.881329 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $1,329 million US dollars.
Daily Engagement Metrics Update
4,298 transactions amongst holders of Chainlink occurred yesterday. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count rise by 415. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.04, with 1,325 wallets making a transfer this past day and 35,586 wallets having made a transfer in the past month.
Observing Chainlink’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 260.88% of the money supply. This number is greater than 100% because many of the token holders are not able to sell them yet, and thus their numbers are not included in the supply yet, though they can be regarded as future sellers when they are able to sell. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 2.48% of the currency’s money supply. Exchange ownership grew by -0.07% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.23% over that time period.
What’s Going on Social Media?
Traders interested in following Chainlink has the biggest presence on Twitter, where it has 50,894 users engaged. Use this link to follow Chainlink on Twitter.
Article by SixJupiter
