Hydro Protocol Price Update
Hydro Protocol’s current price, at the time of this writing, is $0.0026 USD, down by approximately 20.68% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 31.19% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.001615 and $0.005943 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 $124 million.
Daily Engagement Metrics Update
Yesterday saw 5 transfers amongst holders of Hydro Protocol. In terms of estimating the number of holders, over the past day the total number of wallets holding Hydro Protocol has gone down by approximately 0. To provide context, we’d rank this token as 25 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
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 14.6% of the currency’s money supply. Exchange ownership grew by 0.59% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. 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 November 22, 2019 — 3 days prior. Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by -0.23 per day on average, while the number of watchers has grown by 0.2.
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
