Chainlink: What’s the Latest Regarding its Price?
At the time of this writing, Chainlink has a price of $1.671 USD, which puts it down by approximately 2.05% from yesterday. Chainlink enters the day 9.3% below its 20 day moving average, and is experiencing its the 3rd day in a row down. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.729413 and $1.955087 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
As for Chainlink’s market cap, it is currently at about $602M US dollars.
Since yesterday, Chainlink saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Daily Engagement Metrics Update
Over the past 24 hours, 11,331 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 rise by 735. If we observe percentage growth in holders and transfers, we find that Chainlink ranks 3 out of the 32 Ethereum tokens we are tracking.
How are the Strong Holders of Chainlink Faring?
The top 1,000 Chainlink wallets hold over 91.51% of the token’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 1.02% 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 -0.21%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.23%.
How Active are the Software Developers?
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 13, 2019 (today). 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 0.1 per day, while the number of followers watching Chainlink’s repositories is growing by 1.03.
Chainlink’s Social Media Presence
If you are interested in following Chainlink on social media, Twitter, where it has 32,488 following it, may be a good place to start. Here is the Twitter page for Chainlink.
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Article by SixJupiter