January 16, 2020: Hydro Protocol (HOT): Down 1.02%; 2nd Consecutive Down Day

By January 16, 2020 Ethereum
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Hydro Protocol Price Update

Hydro Protocol’s current price, at the time of this writing, is $0.001362 USD, down by approximately 1.02% from the day prior. Hydro Protocol enters the day 8.56% below its 20 day moving average, and is experiencing its the 2nd day in a row down. 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 $0.001344 and $0.001635. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

Get your analysis of Hydro Protocol (HOT) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

As for Hydro Protocol’s market cap, it is currently at about $116M US dollars.

Update on Transactions and Holders

Over the past 24 hours, 5 transfers have been added to the blockchain recording transactions amongst holders of Hydro Protocol. As for the number of holders, yesterday saw the number of wallets holding Hydro Protocol increase by 0. To provide context, we’d rank this token as 26 out of the 29 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Hydro Protocol’s Richest Holders?

The top 1,000 Hydro Protocol wallets hold over 59.97% of the token’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 14.52% of the currency’s 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 0.05%. 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?

Hydro Protocol has been active recently on its GitHub repos, with its most recent code updates occurring today, January 16, 2020. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Hydro Protocol are growing by 0.2 and 0.13, respectively, over the past 30 days.

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

Hydro Protocol’s current price, at the time of this writing, is $0.001362 USD, down by approximately 1.02% from the day prior. Hydro Protocol enters the […]

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