Hydro Protocol Price Update
At the time of this writing, Hydro Protocol has a price of $0.003294 USD, which puts it down by approximately 2.89% from yesterday. Hydro Protocol enters the day 30.25% below its 20 day moving average, and is experiencing its the 3rd consecutive day down. 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 $0.002186 and $0.007259, 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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As for Hydro Protocol’s market cap, it is currently at about $142M 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.
Daily Engagement Metrics Update
Yesterday saw 98 transfers amongst holders of Hydro Protocol. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count jump by 2. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 21 out of the 35 Ethereum tokens we are tracking.
Just How Rich are Hydro Protocol’s Richest Holders?
The top 1,000 Hydro Protocol wallets hold over 59.97% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 14.37% of the currency’s total money supply. Exchange ownership grew by -0.08% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. The underlying smart contract itself for Hydro Protocol owns 0% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
Hydro Protocol hasn’t had any activity on any of its GitHub repos since October 22, 2019 — 1 days prior. Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by -0.17 per day on average, while the number of watchers has grown by -0.07.
Hydro Protocol’s Social Media Presence
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
