How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 5.42% from the previous day, with its price currently hovering around $2.838 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 12% 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 $2.208764 and $2.859036, based on how price has behaved in the two weeks prior. 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 $995 million US dollars.
Chainlink’s Surprises of the Day
Yesterday, the metrics holders added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Daily Engagement Metrics Update
9,343 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink jump by 443. To provide context, we’d rank this token as 2 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Chainlink’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 91.89%. 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% 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 -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.07%.
How Much Development is Occurring?
The last activity date on Chainlink’s GitHub repository was October 24, 2019, or about 2 days ago. 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 0.07 per day, while the number of followers watching Chainlink’s repositories is growing by 1.4.
The Latest on Chainlink and Social Media
In terms of social media presence, Chainlink saw its Reddit subscribers go up by 33 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 36,201 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
