October 14, 2019: Hydro Protocol (HOT): Up 4.45%


How Did Hydro Protocol’s Price Fare Yesterday?

Hydro Protocol’s current price, at the time of this writing, is $0.004882 USD, up by approximately 4.45% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 11.97% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $0.00217 and $0.008922, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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As for Hydro Protocol’s market cap, it is currently at about $129M US dollars.

Daily Engagement Metrics Update

27 transactions amongst holders of Hydro Protocol occurred yesterday. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count fall by 1. To provide context, we’d rank this token as 32 out of the 35 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

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. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 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 Active are the Software Developers?

The last activity date on Hydro Protocol’s GitHub repository was October 11, 2019, or about 3 days ago. Over the past 30 days, we’ve seen open issues across Hydro Protocol’s GitHub repositories grow by -0.03 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

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