How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.846 USD, which puts it up by approximately 0.92% from yesterday. This marked the the 2nd day in a row Chainlink has been up; it is still in an uptrend, and is currently 4.36% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $2.589941 and $2.864159, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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The currency’s market cap currently stands at $984 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 7,709 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone up by approximately 256. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 5 out of the 36 Ethereum tokens we are tracking.
How are the Strong Holders of Chainlink Faring?
The top 1,000 Chainlink wallets hold over 91.87% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.01% of the currency’s money supply. Exchange ownership grew by 0.06% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period.
How Much Development is Occurring?
Chainlink hasn’t had any activity on any of its GitHub repos since November 12, 2019 — 1 days prior. 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 1.23.
What’s Going on Social Media?
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 52 and 21, respectively. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 37,152 users engaged. You can follow Chainlink on Twitter here.
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Article by SixJupiter