How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $2.755 USD, which puts it down by approximately 2.03% from yesterday. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 38.14% above its 20 day moving average. Over the past two weeks, price has been in an up trend. 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 $1.210532 and $2.778268. 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 $985 million US dollars.
Chainlink’s Surprises of the Day
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Yesterday saw 10,435 transfers amongst holders of Chainlink. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone up by approximately 432. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 3 out of the 33 Ethereum tokens we’re tracking.
How are the Strong Holders of Chainlink Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.93%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.13% 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 -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.05%.
How Active are the Software Developers?
Chainlink hasn’t had any activity on any of its GitHub repos since October 09, 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 -0.13 per day, while the number of followers watching Chainlink’s repositories is growing by 0.
Chainlink’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 563 and 79 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 34,708 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
