Chainlink Price Update
Chainlink’s current price, at the time of this writing, is $2.738 USD, up by approximately 0.33% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.89% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 $2.588016 and $2.839484. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
Trade Chainlink (LINK) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
As for Chainlink’s market cap, it is currently at about $964M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 7,078 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink jump by 167. To provide context, we’d rank this token as 7 out of the 35 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.89% of the token’s total money supply. 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 1.04% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.08%.
Technical Development Status
Chainlink has been active recently on its GitHub repos, with its most recent code updates occurring today, November 12, 2019. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.03 per day, while the number of followers watching Chainlink’s repositories is growing by 1.3.
What’s Going on Social Media?
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.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
