How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $1.769 USD, which puts it down by approximately 3.96% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 18.11% below 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 $1.708297 and $2.612003, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
Where to trade Chainlink (symbol: LINK): Gate, Yobit, Binance, DDEX
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 $627 million.
Update on Transactions and Holders
Over the past 24 hours, 5,158 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 192. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 3 out of the 30 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.77% of the token’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 0.91% 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 -0.1% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.01%.
How Much Development is Occurring?
Chainlink hasn’t had any activity on any of its GitHub repos since August 31, 2019 — 1 days prior. 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 per day, while the number of followers watching Chainlink’s repositories is growing by 1.37.
What’s Going on Social Media?
Traders interested in following Chainlink has the biggest presence on Twitter, where it has 32,019 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
