September 18, 2019: Chainlink (LINK): Up 7.33%; Unusual Moves In Transfers Added; Price Crosses 20 Day Average


Chainlink: What’s the Latest Regarding its Price?

Chainlink is up by approximately 7.33% from the previous day, with its price currently hovering around $1.743 USD. This marked the the 2nd day in a row Chainlink has been up; it is still in a downtrend, and is currently 0.19% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Chainlink suggest price may bounce between $1.552405 and $1.926895 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling 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 $565 million.

What Anamolies Occurred Since Yesterday?

The following metrics showed unusual change over the past 24 hours for Chainlink: transfers added. Further investigation may be warranted.

Daily Engagement Metrics Update

Over the past 24 hours, 11,191 transfers have been added to the blockchain recording transactions 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 up by approximately 0. To provide context, we’d rank this token as 4 out of the 50 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Observing Chainlink’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 91.53% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.12% of the currency’s money supply. Exchange ownership grew by 0.24% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.08% over that time period.

How Active are the Software Developers?

The last activity date on Chainlink’s GitHub repository occurred on today, September 18, 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 0.17 per day, while the number of followers watching Chainlink’s repositories is growing by 0.07.

The Latest on Chainlink and Social Media

Traders interested in following Chainlink has the biggest presence on Twitter, where it has 32,675 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

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