How Did Hydro Protocol’s Price Fare Yesterday?
Hydro Protocol is down by approximately 27.6% from the previous day, with its price currently hovering around $0.00362 USD. The down day for Hydro Protocol yesterday was a reversal from the day before it, which puts its price at 16.19% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Hydro Protocol’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.003082 and $0.005556. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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The market capitalization of Hydro Protocol, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $148 million.
Hydro Protocol’s Surprises of the Day
Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Over the past 24 hours, no transfers have been added to the blockchain recording transactions amongst holders of Hydro Protocol. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count fall by 0. To provide context, we’d rank this token as 27 out of the 36 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Hydro Protocol’s Richest Holders?
The top 1,000 Hydro Protocol wallets hold over 59.97% of the token’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 14.28% 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.16%. As for the Hydro Protocol’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
How Active are the Software Developers?
Hydro Protocol hasn’t had any activity on any of its GitHub repos since October 31, 2019 — 1 days prior. 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 0.07 per day, while the number of followers watching Hydro Protocol’s repositories is growing by 0.
The Latest on Hydro Protocol and Social Media
Traders interested in following Hydro Protocol has the biggest presence on Facebook, where it has 0 users engaged.
Where to Buy
You can trade Hydro Protocol, listed under the symbol HOT, through the following exchanges: Gate, Yobit, Binance, DDEX, Ethfinex.
Article by SixJupiter
