How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 7.29% from the previous day, with its price currently hovering around $1.883 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 10.17% below its 20 day moving average, and is currently in a down trend over the past 14 days. 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 $1.715303 and $2.477097, 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
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 $638 million.
Update on Transactions and Holders
Yesterday we did not see any transfers amongst holders of Chainlink. In terms of estimating the number of holders, over the past day the total number of wallets holding Chainlink has gone down by approximately 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 5 out of the 30 Ethereum tokens we’re tracking.
Just How Rich are Chainlink’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 91.75% 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 0.85% of the currency’s total money supply. Exchange ownership grew by -0.11% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.07% over that time period.
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 02, 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 1.37.
The Latest on Chainlink and Social Media
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
