August 3, 2019: Hydro Protocol (HOT): Down 10.16%; Surprising Moves In Transfers Added

January 24, 2020: Hydro Protocol (hot): Down 33.83%; Surprising Moves In Price; Price Crosses 20 Day Average
January 24, 2020: Hydro Protocol (hot): Down 33.83%; Surprising Moves In Price; Price Crosses 20 Day Average
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How Did Hydro Protocol’s Price Fare Yesterday?

Hydro Protocol is down by approximately 10.16% from the previous day, with its price currently hovering around $0.008337 USD. 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 15.19% 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 $0.005021 and $0.009454 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

Where to trade Hydro Protocol (symbol: HOT): Gate, Yobit, Binance, DDEX, Ethfinex

August 3, 2019: Hydro Protocol (hot): Down 10.16%; Surprising Moves In Transfers Added

The currency’s market cap currently stands at $7 million US dollars.

Unusual Developments

Since yesterday, Hydro Protocol saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.

Update on Transactions and Holders

-53,250 transactions amongst holders of Hydro Protocol occurred yesterday. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count jump by 2. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 32 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 13.79% 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%. Hydro Protocol’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

How Active are the Software Developers?

Hydro Protocol hasn’t had any activity on any of its GitHub repos since August 02, 2019 — 1 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 0.13.

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. August 3, 2019: Hydro Protocol (hot): Down 10.16%; Surprising Moves In Transfers Added

Article by SixJupiter