August 5, 2019: Hydro Protocol (HOT): Down 29.22%; Surprising Moves In Price

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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Hydro Protocol: What’s the Latest Regarding its Price?

Hydro Protocol’s current price, at the time of this writing, is $0.009074 USD, down by approximately 29.22% from the day prior. The down day for Hydro Protocol yesterday was a reversal from the day before it, which puts its price at 18.93% above its 20 day moving average. Over the past two weeks, price has been in an up trend. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.004182 and $0.011078 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

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

August 5, 2019: Hydro Protocol (hot): Down 29.22%; Surprising Moves In Price

As for Hydro Protocol’s market cap, it is currently at about $8M US dollars.

Unusual Developments

The following metrics showed unusual change over the past 24 hours for Hydro Protocol: price. Further investigation may be warranted.

Straight Off the Chain

135 transactions amongst holders of Hydro Protocol occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol jump by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 36 out of the 36 Ethereum tokens we’re tracking.

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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 13.74% of the currency’s money supply. Exchange ownership grew by -0.23% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. 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?

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 August 02, 2019, or approximately 3 days before. 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.

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. August 5, 2019: Hydro Protocol (hot): Down 29.22%; Surprising Moves In Price

Article by SixJupiter