How Did Hydro Protocol’s Price Fare Yesterday?
At the time of this writing, Hydro Protocol has a price of $0.001447 USD, which puts it up by approximately 4.86% from yesterday. This marked the the 2nd consecutive day Hydro Protocol has been up; it is still in a downtrend, and is currently 28.05% 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 $0.00117 and $0.002852. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying 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 $110 million.
Daily Engagement Metrics Update
6 transactions amongst holders of Hydro Protocol occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol increase by 0. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 26 out of the 32 Ethereum tokens we are tracking.
How are the Strong Holders of Hydro Protocol Faring?
The top 1,000 Hydro Protocol wallets hold over 59.97% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 14.49% 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 -0.03%. 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?
Hydro Protocol hasn’t had any activity on any of its GitHub repos since January 04, 2020 — 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 0.5 per day, while the number of followers watching Hydro Protocol’s repositories is growing by 0.3.
What’s Going on Social Media?
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
