Hydro Protocol Price Update
At the time of this writing, Hydro Protocol has a price of $0.001395 USD, which puts it down by approximately 6.63% from yesterday. 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 1.26% below 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 $0.001287 and $0.001539. 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.
The currency’s market cap currently stands at $110 million US dollars.
Update on Transactions and Holders
5 transactions amongst holders of Hydro Protocol occurred yesterday. 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. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 26 out of the 31 Ethereum tokens we’re tracking.
How are the Strong Holders of Hydro Protocol Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 59.97%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 14.52% of the currency’s 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 0.01%. As for the Hydro Protocol’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
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 16, 2020, or approximately 4 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Hydro Protocol are growing by 0.23 and 0.13, respectively, over the past 30 days.
What’s Going on 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
