Hydro Protocol Price Update
Hydro Protocol is down by approximately 8.36% from the previous day, with its price currently hovering around $0.0041 USD. Hydro Protocol enters the day 2.07% below its 20 day moving average, and is experiencing its the 2nd consecutive day down. 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 $0.002308 and $0.006065. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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As for Hydro Protocol’s market cap, it is currently at about $149M US dollars.
Straight Off the Chain
4 transactions amongst holders of Hydro Protocol occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Hydro Protocol has gone up by approximately 1. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 22 out of the 35 Ethereum tokens we’re tracking.
Observing Hydro Protocol’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 59.97% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 14.24% 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.18%. The underlying smart contract itself for Hydro Protocol owns 0% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
In terms of how active the software development team working on Hydro Protocol is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on November 01, 2019, or approximately 4 days before. 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 -0.13 per day, while the number of followers watching Hydro Protocol’s repositories is growing by -0.03.
What’s Going on Social Media?
Traders interested in following Hydro Protocol has the biggest presence on Facebook, where it has NA 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
