Hydro Protocol: What’s the Latest Regarding its Price?
Hydro Protocol’s current price, at the time of this writing, is $0.001452 USD, down by approximately 2.55% from the day prior. The down day for Hydro Protocol yesterday was a reversal from the day before it, which puts its price at 21.92% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Hydro Protocol imply the currency may oscillate between $0.000985 and $0.002735, based on how price has behaved in the two weeks prior. 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 $114 million.
Hydro Protocol’s Surprises of the Day
Since yesterday, Hydro Protocol saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Yesterday saw 14 transfers amongst holders of Hydro Protocol. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol drop by 0. To provide context, we’d rank this token as 27 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Hydro Protocol Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 59.97%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 14.48% 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 -0.01%. Hydro Protocol’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.
How Much Development is Occurring?
Hydro Protocol hasn’t had any activity on any of its GitHub repos since January 04, 2020 — 3 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Hydro Protocol are growing by 0.5 and 0.3, respectively, over the past 30 days.
Hydro Protocol’s Social Media Presence
If you are interested in following Hydro Protocol on social media, Facebook, where it has 0 following it, may be a good place to start.
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
