Hydro Protocol Price Update
Hydro Protocol’s current price, at the time of this writing, is $0.005 USD, up by approximately 32.31% 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 9.54% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.003628 and $0.005502 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
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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 $148 million.
What Anamolies Occurred Since Yesterday?
Since yesterday, Hydro Protocol saw anomalous behavior in price. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
55 transactions amongst holders of Hydro Protocol occurred yesterday. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count increase by 1. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 28 out of the 34 Ethereum tokens we’re 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. 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 14.36% of the currency’s total 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 -0.08%. The underlying smart contract itself for Hydro Protocol owns 0% of the total money supply; over the past week, this amount has not changed.
How Active are the Software Developers?
Hydro Protocol hasn’t had any activity on any of its GitHub repos since October 28, 2019 — 3 days prior. Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by 0.27 per day on average, while the number of watchers has grown by 0.3.
Hydro Protocol’s Social Media Presence
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
