January 23, 2020: Hydro Protocol (HOT): Up 44.48%; Unusual Moves In Price

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

Hydro Protocol is up by approximately 44.48% from the previous day, with its price currently hovering around $0.002069 USD. Hydro Protocol enters the day 43.23% above its 20 day moving average, and is experiencing its the 2nd straight day up. 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 $0.00108 and $0.001809. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.

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 $108M US dollars.

Hydro Protocol’s Surprises of the Day

The following metrics showed unusual change over the past 24 hours for Hydro Protocol: price. Further investigation may be warranted.

Daily Engagement Metrics Update

Yesterday saw 5 transfers amongst holders of Hydro Protocol. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count rise by 1. To provide context, we’d rank this token as 27 out of the 30 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?

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 14.52% of the currency’s total 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%. Hydro Protocol’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

Technical Development Status

Hydro Protocol hasn’t had any activity on any of its GitHub repos since January 20, 2020 — 3 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 0.13 per day, while the number of followers watching Hydro Protocol’s repositories is growing by 0.07.

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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