How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $1.779 USD, up by approximately 7.3% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 3.36% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. Chainlink’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $1.558843 and $1.883657. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
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The market capitalization of Chainlink, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $621 million.
Daily Engagement Metrics Update
6,237 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 229. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 5 out of the 32 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.79% of the token’s total money supply. 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 1.02% of the currency’s money supply. Exchange ownership grew by 0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.14% over that time period.
How Much Development is Occurring?
Chainlink hasn’t had any activity on any of its GitHub repos since September 30, 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 0.17 per day, while the number of followers watching Chainlink’s repositories is growing by -0.2.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 24 and 35 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 33,503 following it, may be a good place to start. 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
