November 8, 2019: Hydro Protocol (HOT): Down 0.62%; 5th Consecutive Down Day

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How Did Hydro Protocol’s Price Fare Yesterday?

Hydro Protocol is down by approximately 0.62% from the previous day, with its price currently hovering around $0.002746 USD. Hydro Protocol enters the day 29.22% below its 20 day moving average, and is experiencing its the 5th day in a row down. Hydro Protocol’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $0.002122 and $0.005637. 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 $159 million.

Update on Transactions and Holders

Over the past 24 hours, 46 transfers have been added to the blockchain recording transactions amongst holders of Hydro Protocol. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol rise by 1. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 22 out of the 36 Ethereum tokens we are tracking.

Just How Rich are Hydro Protocol’s Richest Holders?

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 14.22% 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 -0.05%. 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 Much Development is Occurring?

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 07, 2019, or approximately 1 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 -0.17 and -0.03, respectively, over the past 30 days.

What’s Going on 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.

Article by SixJupiter

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