Chainlink: What’s the Latest Regarding its Price?
Chainlink is down by approximately 1.96% from the previous day, with its price currently hovering around $3.001 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 8.64% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $2.484771 and $3.039929 based on its momentum and volatility over the past 14 days. 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 $1,073 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, no 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 drop by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 2 out of the 35 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.85%. 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 1.11% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.07% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.08%.
How Much Development is Occurring?
The last activity date on Chainlink’s GitHub repository occurred on today, November 15, 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 per day, while the number of followers watching Chainlink’s repositories is growing by 1.27.
Chainlink’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 108 and 23 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 37,340 following it, may be a good place to start. Here is the Twitter page for Chainlink.
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Article by SixJupiter