December 3, 2019: Hydro Protocol (HOT): Down 0.08%

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

Hydro Protocol is down by approximately 0.08% from the previous day, with its price currently hovering around $0.00256 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 32.14% below its 20 day moving average, and is currently in a down trend over the past 14 days. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Hydro Protocol imply the currency may oscillate between $0.001929 and $0.005616, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

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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 $125 million.

Daily Engagement Metrics Update

Over the past 24 hours, 3 transfers have been added to the blockchain recording transactions 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 2. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 27 out of the 34 Ethereum tokens we’re tracking.

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 14.6% 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 -0.02%. Hydro Protocol’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

How Much Development is Occurring?

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 December 02, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by -0.9 per day on average, while the number of watchers has grown 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

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