Hydro Protocol: What’s the Latest Regarding its Price?
At the time of this writing, Hydro Protocol has a price of $0.003879 USD, which puts it down by approximately 38.04% 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 an up trend, and is currently 6.94% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.001816 and $0.006521, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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As for Hydro Protocol’s market cap, it is currently at about $142M US dollars.
Hydro Protocol’s Surprises of the Day
Yesterday, the metrics price saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
50 transactions amongst holders of Hydro Protocol occurred yesterday. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count rise by 1. To provide context, we’d rank this token as 25 out of the 36 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Hydro Protocol’s Richest Wallets
The top 1,000 Hydro Protocol wallets hold over 59.97% of the token’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% of the currency’s total money supply. Exchange ownership grew by -0.25% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. 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 November 19, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by -0.47 per day on average, while the number of watchers has grown by -0.07.
The Latest on Hydro Protocol and Social Media
If you are interested in following Hydro Protocol on social media, Facebook, where it has NA 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
