September 11, 2019: Chainlink (LINK): Down 2.15%; Surprising Moves In Holders Added

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Chainlink: What’s the Latest Regarding its Price?

Chainlink’s current price, at the time of this writing, is $1.775 USD, down by approximately 2.15% from the day prior. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 6.73% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.827086 and $1.979014 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

Where to trade Chainlink (symbol: LINK): Gate, Yobit, Binance, DDEX

As for Chainlink’s market cap, it is currently at about $632M US dollars.

Chainlink’s Surprises of the Day

Since yesterday, Chainlink saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.

Straight Off the Chain

Over the past 24 hours, 5,989 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 380. To provide context, we’d rank this token as 2 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 91.61%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.87% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.14%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.04%.

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 September 11, 2019 (today). Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by 0.03 and 1.23, respectively, over the past 30 days.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 46 and 18 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 32,405 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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