How Did Chainlink’s Price Fare Yesterday?
At the time of this writing, Chainlink has a price of $1.727 USD, which puts it down by approximately 1.2% from yesterday. This marked the the 2nd day in a row Chainlink has been down; it is still in an uptrend, and is currently 0.84% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.518243 and $1.964857 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
Where to trade Chainlink (symbol: LINK): Gate, Yobit, Binance, DDEX
The currency’s market cap currently stands at $615 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 6,880 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 increase by 301. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 5 out of the 31 Ethereum tokens we’re tracking.
Observing Chainlink’s Richest Wallets
The top 1,000 Chainlink wallets hold over 91.69% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.94% 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 0.2% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.07%.
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 25, 2019, or approximately 1 days before. 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 -0.3.
What’s Going on Social Media?
In the past day, Chainlink’s Twitter followers and Reddit subscribers went up by 94 and 12, respectively. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 33,322 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
