September 11, 2019: Hydro Protocol (HOT): Up 0.06%


How Did Hydro Protocol’s Price Fare Yesterday?

Hydro Protocol’s current price, at the time of this writing, is $0.006907 USD, up by approximately 0.06% from the day prior. The up day for Hydro Protocol yesterday was a reversal from the day before it, which puts its price at 17.56% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Hydro Protocol suggest price may bounce between $0.004166 and $0.012591 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

Where to trade Hydro Protocol (symbol: HOT): Gate, Yobit, Binance, DDEX, Ethfinex

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As for Hydro Protocol’s market cap, it is currently at about $5M US dollars.

Straight Off the Chain

8 transactions amongst holders of Hydro Protocol occurred yesterday. Regarding a tally of holders, Yesterday saw Hydro Protocol’s wallet count fall by 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.

Observing Hydro Protocol’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 59.97%. 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 14.6% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.03%. Hydro Protocol’s smart contract owns approximately 0% of its own total money supply. This amount hasn’t changed over the past week.

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 September 06, 2019, or approximately 5 days before. 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 0.07 per day, while the number of followers watching Hydro Protocol’s repositories is growing by 0.1.

What’s Going on Social Media?

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

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