Hydro Protocol: What’s the Latest Regarding its Price?
Hydro Protocol is up by approximately 76.14% from the previous day, with its price currently hovering around $0.008724 USD. Hydro Protocol is currently in a unclear , and it should be noted that this is now the the 3rd day in a row that price has been up. Moreover, Hydro Protocol is now 34.9% above its 20 day moving average. 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 $0.003171 and $0.009763. Price’s current proximity to the top of the range may make shorting 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 $119M US dollars.
Hydro Protocol’s Surprises of the Day
Since yesterday, Hydro Protocol saw anomalous behavior in price. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
37 transactions amongst holders of Hydro Protocol occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol increase by 2. To provide context, we’d rank this token as 25 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
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. 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 14.54% of the currency’s total money supply. Exchange ownership grew by -0.06% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. As for the Hydro Protocol’s smart contract itself, that owns 0% of the total money supply, an amount unchanged from the week prior.
Technical Development Status
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 October 03, 2019 (today). Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by 0 per day on average, while the number of watchers has grown by 0.17.
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.
Article by SixJupiter
