How Did Hydro Protocol’s Price Fare Yesterday?
Hydro Protocol’s current price, at the time of this writing, is $0.002406 USD, down by approximately 8.34% from the day prior. The down day for Hydro Protocol yesterday was a reversal from the day before it, which puts its price at 17.33% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $0.00175 and $0.00407. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
Trade Hydro Protocol (HOT) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
As for Hydro Protocol’s market cap, it is currently at about $114M US dollars.
Update on Transactions and Holders
Yesterday saw 2 transfers amongst holders of Hydro Protocol. 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. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 30 out of the 34 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. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 14.56% of the currency’s total money supply. Exchange ownership grew by -0.03% 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.
Technical Development Status
The last activity date on Hydro Protocol’s GitHub repository was December 09, 2019, or about 1 days ago. 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 -0.67 per day, while the number of followers watching Hydro Protocol’s repositories is growing by -0.27.
The Latest on Hydro Protocol and Social Media
Facebook appears to be the most popular place to follow the company, and thus may be worth monitoring.
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
