Hydro Protocol: What’s the Latest Regarding its Price?
Hydro Protocol’s current price, at the time of this writing, is $0.002696 USD, up by approximately 14.19% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 0.83% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.002492 and $0.002855. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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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 $108 million.
What Anamolies Occurred Since Yesterday?
The following metrics showed unusual change over the past 24 hours for Hydro Protocol: price. Further investigation may be warranted.
Straight Off the Chain
Over the past 24 hours, 10 transfers have been added to the blockchain recording transactions amongst holders of Hydro Protocol. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count fall by 0. To provide context, we’d rank this token as 29 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Hydro Protocol’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 59.97%. 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 14.53% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.04%. 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 December 14, 2019 — 2 days prior. 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 -0.37 per day, while the number of followers watching Hydro Protocol’s repositories is growing by -0.3.
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
