Hydro Protocol: What’s the Latest Regarding its Price?
At the time of this writing, Hydro Protocol has a price of $0.004474 USD, which puts it down by approximately 31.13% from yesterday. The down day for Hydro Protocol yesterday was a reversal from the day before it, which puts its price at 1.68% above its 20 day moving average. Over the past two weeks, price has been in an up trend. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.002463 and $0.006337 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 shorting 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 $146 million.
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.
Straight Off the Chain
Yesterday saw 10 transfers amongst holders of Hydro Protocol. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count jump by 1. To provide context, we’d rank this token as 20 out of the 36 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?
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 14.25% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.17%. As for the Hydro Protocol’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
Technical Development Status
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 01, 2019, or approximately 3 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Hydro Protocol are growing by -0.13 and 0, respectively, over the past 30 days.
Hydro Protocol’s Social Media Presence
Traders interested in following Hydro Protocol has the biggest presence on Facebook, where it has 0 users engaged.
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
