How Did Chainlink’s Price Fare Yesterday?
Chainlink is down by approximately 1.8% from the previous day, with its price currently hovering around $1.911 USD. This marked the the 2nd straight day Chainlink has been down; it is still in a unclear trend, and is currently 7.4% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.575328 and $1.983472 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
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As for Chainlink’s market cap, it is currently at about $684M US dollars.
Straight Off the Chain
Yesterday saw 6,910 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 271. To provide context, we’d rank this token as 1 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Chainlink Faring?
In terms of wealth concentration, the richest 1,000 wallets own 91.98% 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 1.14% of the currency’s total money supply. Exchange ownership grew by 0.19% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.2% over that time period.
Technical Development Status
The last activity date on Chainlink’s GitHub repository occurred on today, October 04, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by -0.07 and -0.13, respectively, over the past 30 days.
What’s Going on Social Media?
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 120 and 11 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 33,744 users engaged. 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
