November 7, 2019: Hydro Protocol (HOT): Down 1%; 4th Consecutive Down Day

January 24, 2020: Hydro Protocol (hot): Down 33.83%; Surprising Moves In Price; Price Crosses 20 Day Average
January 24, 2020: Hydro Protocol (hot): Down 33.83%; Surprising Moves In Price; Price Crosses 20 Day Average
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How Did Hydro Protocol’s Price Fare Yesterday?

Hydro Protocol is down by approximately 1% from the previous day, with its price currently hovering around $0.002776 USD. Hydro Protocol is currently in a unclear , and it should be noted that this is now the the 4th day in a row that price has been down. Moreover, Hydro Protocol is now 28.27% below its 20 day moving average. 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 $0.002129 and $0.005611, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.

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November 7, 2019: Hydro Protocol (hot): Down 1%; 4th Consecutive Down Day

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 $153 million.

Daily Engagement Metrics Update

Yesterday saw 19 transfers amongst holders of Hydro Protocol. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol drop by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 22 out of the 36 Ethereum tokens we’re tracking.

Observing Hydro Protocol’s Richest Wallets

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 14.24% 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 -0.12%. 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?

The last activity date on Hydro Protocol’s GitHub repository was November 01, 2019, or about 6 days ago. 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 -0.1 per day, while the number of followers watching Hydro Protocol’s repositories is growing by -0.03.

The Latest on Hydro Protocol and Social Media

If you are interested in following Hydro Protocol on social media, Facebook, where it has 0 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. November 7, 2019: Hydro Protocol (hot): Down 1%; 4th Consecutive Down Day

Article by SixJupiter