November 8, 2019: Chainlink (LINK): Up 0.52%

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Chainlink: What’s the Latest Regarding its Price?

Chainlink’s current price, at the time of this writing, is $2.684 USD, up by approximately 0.52% from the day prior. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 0.34% 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 $2.549486 and $2.800314 based on its momentum and volatility over the past 14 days. 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 $942 million US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 7,338 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 rise by 502. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 8 out of the 36 Ethereum tokens we are tracking.

Observing Chainlink’s Richest Wallets

The top 1,000 Chainlink wallets hold over 91.92% 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 0.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.01%.

Technical Development Status

The last activity date on Chainlink’s GitHub repository occurred on today, November 08, 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 0.3 per day, while the number of followers watching Chainlink’s repositories is growing by 1.33.

The Latest on Chainlink and Social Media

In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 18 and 8 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 36,980 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

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