Chainlink: What’s the Latest Regarding its Price?
Chainlink’s current price, at the time of this writing, is $1.765 USD, down by approximately 2.81% from the day prior. The down day for Chainlink yesterday was a reversal from the day before it, which puts its price at 9.17% below its 20 day moving average. Over the past two weeks, price has been in a down trend. 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 $1.745711 and $2.140689, 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
As for Chainlink’s market cap, it is currently at about $641M US dollars.
Daily Engagement Metrics Update
Yesterday saw 3,470 transfers amongst holders of Chainlink. As for the number of holders, yesterday saw the number of wallets holding Chainlink jump by 159. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Chainlink ranked 1 out of the 31 Ethereum tokens we’re tracking.
Just How Rich are Chainlink’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 91.7% 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. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.06%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed 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 08, 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 0.37 per day, while the number of followers watching Chainlink’s repositories is growing by 1.2.
Chainlink’s Social Media Presence
In terms of social media presence, Chainlink saw its Twitter followers and Reddit subscribers go up by 35 and 2 over the past 24 hours. Traders interested in following Chainlink has the biggest presence on Twitter, where it has 32,359 users engaged. 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
