Hydro Protocol Price Update
Hydro Protocol’s current price, at the time of this writing, is $0.008554 USD, down by approximately 0.65% from the day prior. This marked the the 2nd straight day Hydro Protocol has been down; it is still in a unclear trend, and is currently 28.59% above 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 $0.003146 and $0.010159. 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 $117 million.
Update on Transactions and Holders
Over the past 24 hours, 4 transfers have been added to the blockchain recording transactions amongst holders of Hydro Protocol. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count rise by 1. If we observe percentage growth in holders and transfers, we find that Hydro Protocol ranks 27 out of the 32 Ethereum tokens we are tracking.
How are the Strong Holders of Hydro Protocol Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 59.97%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 14.54% of the currency’s money supply. Exchange ownership grew by -0.04% 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.
How Much Development is Occurring?
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 04, 2019 (today). 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 and 0.17, respectively, over the past 30 days.
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
