Chainlink Price Update
Chainlink is down by approximately 4.5% from the previous day, with its price currently hovering around $2.631 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 30.22% above its 20 day moving average, and is currently in an up 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 $1.290467 and $2.750433. 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 currency’s market cap currently stands at $925 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, no transfers have been added to the blockchain recording transactions 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 down by approximately 0. To provide context, we’d rank this token as 4 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.95% 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 1.1% 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 -0.04%.
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 October 10, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by -0.17 and -0.13, respectively, over the past 30 days.
Chainlink’s Social Media Presence
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
