Sorry, we don’t have a description of the operating model behind this token at this time. We are working on it and will have a summary shortly.
There is is no clear directional trend at this time on a 20 or 50 day basis. Coupled with the fact that price does not move at all on most days, we can conclude that price action does not reveal much about opportunities or lack thereof in this token. Chainlink has a market capitalization of approximately 149.26 million US dollars. That’s medium-sized relative to the Ethereum tokens SixJupiter tracks. In terms of volatility, it’s relatively lower than usual volatility for its market capitalization, but probably still enough to give you some trading opportunities.
Chainlink currently has approximately 25131 wallets, with the average weekly growth rate in number of wallets being 0.57% for each week over the past 4 weeks. As for transactions, the weekly growth rate there has been about 1.25%. Both its growth rate in wallets and in blockchain-recorded transactions are below average relative to other tokens of a similar market capitalization.
The current available supply for Chainlink is 350 million, while the total supply is 1 billion. This means just 35% of Chainlink’s total supply, as currently defined, has been made public. Only about 0% of tokens with a similar market capitalization have a larger percentage of their total currency unavailable. Both Chainlink’s available supply and total supply have increased over steadily over the past four weeks, but growth in total supply has outpaced growth in available supply — and so the dilution risk has grown during this time.
Chainlink has 9721 followers on Twitter. About 0.13% of its followers are verified, and about 3.7% are estimated to be investors. This token’s Twitter follower count is roughly average for its market capitalization, as is the percent of its followers that are verified on Twitter, but the percent of its followers that are investors is estimated to be well above average. This may suggest the token has attracted speculative interest from an audience that is not especially visible on Twitter.