How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 4.94% from the previous day, with its price currently hovering around $1.975 USD. Chainlink enters the day 13.04% above its 20 day moving average, and is experiencing its the 6th straight day up. 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 $1.54924 and $1.94516. 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 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 $707 million.
Daily Engagement Metrics Update
7,425 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink increase by 142. 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.
How are the Strong Holders of Chainlink Faring?
In terms of wealth concentration, the richest 1,000 wallets own 92% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.17% 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 0.3% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.23%.
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 02, 2019, or approximately 1 days before. 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 -0.03 per day, while the number of followers watching Chainlink’s repositories is growing by -0.17.
Chainlink’s Social Media Presence
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 82 and 26, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Chainlink.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
