How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $2.654 USD, down by approximately 0.08% from the day prior. Chainlink enters the day 2.41% above its 20 day moving average, but is experiencing its the 4th straight day down. 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 $2.470222 and $2.712678, 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.
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The currency’s market cap currently stands at $936 million US dollars.
Straight Off the Chain
7,413 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink jump by 184. To provide context, we’d rank this token as 2 out of the 36 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Chainlink Faring?
The top 1,000 Chainlink wallets hold over 91.88% 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% of the currency’s total money supply. Exchange ownership grew by 0.03% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.03% over that time period.
How Active are the Software Developers?
In terms of how active the software development team working on Chainlink is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on November 04, 2019 (today). Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0.13 per day on average, while the number of watchers has grown by 1.3.
Chainlink’s Social Media Presence
Traders interested in following Chainlink has the biggest presence on Twitter, where it has 36,795 users engaged. 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
