November 12, 2019: Hydro Protocol (HOT): Down 0.12%


Hydro Protocol Price Update

Hydro Protocol is down by approximately 0.12% from the previous day, with its price currently hovering around $0.006057 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 53.62% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.001327 and $0.006559 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

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As for Hydro Protocol’s market cap, it is currently at about $155M US dollars.

Straight Off the Chain

Over the past 24 hours, 5 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 jump by 1. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 28 out of the 35 Ethereum tokens we’re tracking.

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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 14.26% of the currency’s money supply. Exchange ownership grew by 0.02% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. 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?

Hydro Protocol hasn’t had any activity on any of its GitHub repos since November 11, 2019 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Hydro Protocol are growing by -0.27 and 0, 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

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