Hydro Protocol Price Update
At the time of this writing, Hydro Protocol has a price of $0.01 USD, which puts it up by approximately 17.5% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 37.57% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.004835 and $0.009703 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
Where to trade Hydro Protocol (symbol: HOT): Gate, Yobit, Binance, DDEX, Ethfinex
As for Hydro Protocol’s market cap, it is currently at about $6M US dollars.
Hydro Protocol’s Surprises of the Day
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
Over the past 24 hours, 234 transfers have been added to the blockchain recording transactions amongst holders of Hydro Protocol. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol jump by 2. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 15 out of the 37 Ethereum tokens we are 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 13.84% of the currency’s money supply. Exchange ownership has been grew by -0.3% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. 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?
Hydro Protocol hasn’t had any activity on any of its GitHub repos since July 26, 2019 — 7 days prior. Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by 0.23 per day on average, while the number of watchers has grown by 0.1.
Hydro Protocol’s Social Media Presence
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
