How Did Hydro Protocol’s Price Fare Yesterday?
At the time of this writing, Hydro Protocol has a price of $0.003496 USD, which puts it down by approximately 1.85% from yesterday. Hydro Protocol enters the day 15.13% below its 20 day moving average, and is experiencing its the 5th straight day down. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.001622 and $0.006616 based on its momentum and volatility over the past 14 days. 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 $135 million.
Hydro Protocol’s Surprises of the Day
The following metrics showed unusual change over the past 24 hours for Hydro Protocol: holders added. Further investigation may be warranted.
Update on Transactions and Holders
Yesterday saw 56 transfers amongst holders of Hydro Protocol. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count jump by 32. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 21 out of the 34 Ethereum tokens we are tracking.
How are the Strong Holders of Hydro Protocol Faring?
In terms of wealth concentration, the richest 1,000 wallets own 59.97% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 14.75% 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 0.56%. 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 has been active recently on its GitHub repos, with its most recent code updates occurring today, November 22, 2019. 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 -0.27 per day, while the number of followers watching Hydro Protocol’s repositories is growing by 0.23.
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
