How Did Chainlink’s Price Fare Yesterday?
Chainlink is down by approximately 2.53% from the previous day, with its price currently hovering around $1.658 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 3.41% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $1.524659 and $1.908241, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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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 $599 million.
Daily Engagement Metrics Update
Yesterday saw 5,975 transfers amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink rise by 248. To provide context, we’d rank this token as 6 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Chainlink Faring?
The top 1,000 Chainlink wallets hold over 91.79% 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. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.41%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.09%.
How Active are the Software Developers?
Chainlink hasn’t had any activity on any of its GitHub repos since September 29, 2019 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Chainlink are growing by 0.07 and -0.2, respectively, over the past 30 days.
The Latest on Chainlink and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 32 and 14 over the past day for Chainlink. If you are interested in following Chainlink on social media, Twitter, where it has 33,479 following it, may be a good place to start. Here is the Twitter page for Chainlink.
Where to Buy
You can trade Chainlink, listed under the symbol LINK, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
