October 9, 2019: Hydro Protocol (HOT): Up 1.96%

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How Did Hydro Protocol’s Price Fare Yesterday?

Hydro Protocol’s current price, at the time of this writing, is $0.0049 USD, up by approximately 1.96% from the day prior. The up day for Hydro Protocol yesterday was a reversal from the day before it, which puts its price at 9.1% below its 20 day moving average. Over the past two weeks, price has been in a down trend. 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 $0.004566 and $0.006216, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.

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The currency’s market cap currently stands at $115 million US dollars.

Update on Transactions and Holders

7 transactions amongst holders of Hydro Protocol occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Hydro Protocol has gone down by approximately 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Hydro Protocol ranked 25 out of the 32 Ethereum tokens we’re tracking.

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 14.58% 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 0.04%. 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 Much Development is Occurring?

The last activity date on Hydro Protocol’s GitHub repository was October 08, 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 per day, while the number of followers watching Hydro Protocol’s repositories is growing by 0.13.

What’s Going on 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

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