Chainlink Price Update
Chainlink is down by approximately 2.47% from the previous day, with its price currently hovering around $2.684 USD. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 1.02% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $2.533154 and $2.780746 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 shorting opportunities.
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As for Chainlink’s market cap, it is currently at about $958M US dollars.
Chainlink’s Surprises of the Day
The following metrics showed unusual change over the past 24 hours for Chainlink: transfers added. Further investigation may be warranted.
Straight Off the Chain
13,398 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 389. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 5 out of the 36 Ethereum tokens we’re tracking.
Just How Rich are Chainlink’s Richest Holders?
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 0.96% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.08%.
How Active are the Software Developers?
Chainlink has been active recently on its GitHub repos, with its most recent code updates occurring today, November 07, 2019. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0.17 per day on average, while the number of watchers has grown by 1.27.
Chainlink’s Social Media Presence
In terms of social media presence, Chainlink saw its Reddit subscribers go up by 20 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Chainlink on Twitter.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
