How Did Chainlink’s Price Fare Yesterday?
Chainlink is up by approximately 2.02% from the previous day, with its price currently hovering around $1.82 USD. The up day for Chainlink yesterday was a reversal from the day before it, which puts its price at 11.57% below its 20 day moving average. Over the past two weeks, price has been in a down trend. 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 $1.717195 and $2.399005. 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 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 $622 million.
Straight Off the Chain
Over the past 24 hours, 5,318 transfers have been added to the blockchain recording transactions amongst holders of Chainlink. Regarding a tally of holders, Yesterday saw Chainlink’s wallet count increase by 205. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 3 out of the 29 Ethereum tokens we are tracking.
Observing Chainlink’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 91.74% 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 0.81% of the currency’s total money supply. Exchange ownership grew by -0.09% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.06% over that time period.
How Much Development is Occurring?
The last activity date on Chainlink’s GitHub repository occurred on today, September 05, 2019. 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 0.23 per day, while the number of followers watching Chainlink’s repositories is growing by 1.3.
Chainlink’s Social Media Presence
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 44 and 6 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
