January 15, 2020: Hydro Protocol (HOT): Down 16.87%; Surprising Moves In Price

.

Hydro Protocol Price Update

Hydro Protocol’s current price, at the time of this writing, is $0.001227 USD, down by approximately 16.87% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 20.01% below its 20 day moving average, and is currently in a unclear 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 $0.001357 and $0.001711, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

Get your analysis of Hydro Protocol (HOT) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

As for Hydro Protocol’s market cap, it is currently at about $114M US dollars.

What Anamolies Occurred Since Yesterday?

Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Daily Engagement Metrics Update

Over the past 24 hours, 6 transfers have been added to the blockchain recording transactions amongst holders of Hydro Protocol. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol fall by 0. To provide context, we’d rank this token as 26 out of the 29 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Hydro Protocol’s Richest Holders?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 59.97%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 14.51% 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 0.04%. The underlying smart contract itself for Hydro Protocol owns 0% of the total money supply; over the past week, this amount has not changed.

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 January 14, 2020, or approximately 1 days before. 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 0.23 per day, while the number of followers watching Hydro Protocol’s repositories is growing by 0.23.

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.

Article by SixJupiter

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!