Hydro Protocol Price Update
Hydro Protocol’s current price, at the time of this writing, is $0.004 USD, up by approximately 0.7% from the day prior. This marked the the 3rd straight day Hydro Protocol has been up; it is still in a downtrend, and is currently 17.18% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $0.00292 and $0.006739. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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As for Hydro Protocol’s market cap, it is currently at about $154M US dollars.
What Anamolies Occurred Since Yesterday?
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
Yesterday saw 79 transfers amongst holders of Hydro Protocol. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol drop by 1. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 20 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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 14.39% 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 -0.14%. Hydro Protocol’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
Hydro Protocol hasn’t had any activity on any of its GitHub repos since October 18, 2019 — 4 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Hydro Protocol are growing by 0.03 and 0.23, respectively, over the past 30 days.
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
