September 12, 2019: Chainlink (LINK): Down 0.17%; 2nd Straight Down Day

.

Chainlink: What’s the Latest Regarding its Price?

Chainlink is down by approximately 0.17% from the previous day, with its price currently hovering around $1.729 USD. Chainlink enters the day 7.53% below its 20 day moving average, and is experiencing its the 2nd day in a row down. 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 $1.774943 and $1.964457, 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

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

Daily Engagement Metrics Update

Over the past 24 hours, no 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 fall by 0. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 2 out of the 32 Ethereum tokens we are tracking.

Just How Rich are Chainlink’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 91.54% 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 0.93% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.2%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.13%.

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 11, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Chainlink’s GitHub repositories grow by 0.07 per day on average, while the number of watchers has grown by 1.1.

Chainlink’s Social Media Presence

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 83 and 12 over the past day for Chainlink. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 32,488 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

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!