October 9, 2019: Chainlink (LINK): Up 3.52%; 4th Consecutive Up Day


How Did Chainlink’s Price Fare Yesterday?

At the time of this writing, Chainlink has a price of $2.679 USD, which puts it up by approximately 3.52% from yesterday. Chainlink is currently in an up, and it should be noted that this is now the the 4th day in a row that price has been up. Moreover, Chainlink is now 37.37% above its 20 day moving average. 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 $1.272396 and $2.627904, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

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The currency’s market cap currently stands at $906 million US dollars.

Straight Off the Chain

Yesterday saw 8,378 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 432. To provide context, we’d rank this token as 3 out of the 32 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 91.93%. 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 1.01% 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 0.12% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.01%.

Technical Development Status

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 08, 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 -0.47 per day, while the number of followers watching Chainlink’s repositories is growing by -0.1.

What’s Going on Social Media?

If you are interested in following Chainlink on social media, Twitter, where it has 34,145 following it, may be a good place to start. 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

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