$LINK statistic thread

(1/?)

read them all

Number of non-zero $LINK addresses on the rise

Number of NEW $LINK addresses on the increase

Number of TOTAL $LINK addresses, phew

(Huge rise since main net went live in May '19)

NVT ratio of $LINK (Network Value to Transactions)

(Market cap/ transferred on-chain volume in USD)

TL;DR: $LINK is undervalued

(further reading: https://www.norupp.com/nvt-ratio-and-nvt-signal-ratio-detect-bitcoin-bubbles/#:~:text=The%20NVT%20ratio%20is%20also,the%20stock%20price%20against%20earnings.)

$LINK NVT signal (NVT ratio except it uses 90 moving average of $ daily transaction volume)

When NVT signal (blue) Is below $USD (grey) it is a "Good time to buy"

Bear in mind mainnet went live end of May '19 which is where transaction volume really began

b4 was speculation

$LINK token velocity indicates people holding

Not much $LINK (in usd) is moving relative to market cap (in usd)

Most projects don't incentivise token holders to hold for more than a few minutes. High velocity tokens struggle to maintain long-term price appreciation

$LINK balance on exchanges slowly decreasing, this metric is for the exchanges shown in fig 2

^They have publicly known wallet address's

$LINK Richlist balance /$USD price

Whales are accumulating. Going from 52.1% in June 19 to 75.3% end of May (irrespective of price action)

(rich list is defined as the % of supply held by the top 1% addresses)

NOTE: this EXCLUDES the addresses of:
-Team funds
-Exchanges