How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $1.882 USD, which puts it up by approximately 5.79% from yesterday. This marked the the 5th straight day Chainlink has been up; it is still in a unclear trend, and is currently 8.09% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Chainlink imply the currency may oscillate between $1.593371 and $1.888929, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
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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 $643 million.
Update on Transactions and Holders
7,019 transactions amongst holders of Chainlink occurred yesterday. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count jump by 270. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 2 out of the 32 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.81% of the coin’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 1.02% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.11% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.06%.
How Much Development is Occurring?
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 01, 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 and -0.2, respectively, over the past 30 days.
Chainlink’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 39 and 14 over the past day for Chainlink. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
