How Did Chainlink’s Price Fare Yesterday?
Chainlink’s current price, at the time of this writing, is $1.824 USD, up by approximately 0.77% from the day prior. Chainlink enters the day 4.7% above its 20 day moving average, and is experiencing its the 3rd day in a row up. Chainlink’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $1.547187 and $1.937213. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
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 $632 million.
Update on Transactions and Holders
6,756 transactions amongst holders of Chainlink occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Chainlink jump by 431. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 4 out of the 33 Ethereum tokens we are tracking.
Just How Rich are Chainlink’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 91.5% 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 1.01% of the currency’s total money supply. Exchange ownership grew by 0.08% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.05% over that time period.
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 September 18, 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 0.07.
The Latest on Chainlink and Social Media
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 81 and 20, respectively. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 32,756 users engaged. Here is the Twitter page for Chainlink.
Where to Buy
Article by SixJupiter