Chainlink Price Update
Chainlink is up by approximately 2.78% from the previous day, with its price currently hovering around $1.814 USD. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 5.73% below its 20 day moving average. Over the past two weeks, price has been in a down trend. 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 $1.764159 and $2.084241, 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.
The currency’s market cap currently stands at $627 million US dollars.
What Anamolies Occurred Since Yesterday?
Since yesterday, Chainlink saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
Yesterday saw 10,859 transfers amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count jump by 622. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 1 out of the 31 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.65% of the coin’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 0.82% of the currency’s money supply. Exchange ownership grew by -0.02% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.11% over that time period.
How Active are the Software Developers?
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 September 09, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by -0.03 per day on average, while the number of watchers has grown by 1.13.
Chainlink’s Social Media Presence
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Chainlink on Twitter.
Where to Buy
Article by SixJupiter