Hydro Protocol Price Update
Hydro Protocol’s current price, at the time of this writing, is $0.004 USD, up by approximately 66.81% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 8.72% below its 20 day moving average, and is currently in a down trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.0028 and $0.005964 based on its momentum and volatility over the past 14 days. 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 $157 million.
Hydro Protocol’s Surprises of the Day
The following metrics showed unusual change over the past 24 hours for Hydro Protocol: price. Further investigation may be warranted.
Straight Off the Chain
Over the past 24 hours, 51 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 jump by 1. To provide context, we’d rank this token as 18 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Hydro Protocol’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 59.97%. 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 14.39% of the currency’s total 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 -0.03%. Hydro Protocol’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.
How Much Development is Occurring?
The last activity date on Hydro Protocol’s GitHub repository was October 25, 2019, or about 1 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 -0.17 per day, while the number of followers watching Hydro Protocol’s repositories is growing by -0.07.
What’s Going on Social Media?
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
