About Hydra
Hydra (HYDRA) is a cryptocurrency launched in 2020. Hydra has a current supply of 33,478,103.85104808 with 19,953,054.02 in circulation. The last known price of Hydra is 0.17925488 USD and is up 0.80 over the last 24 hours. It is currently trading on 8 active market(s) with $151,617.21 traded over the last 24 hours. More information can be found at
Trading Insights
Searched
112
Market Stats
Market Cap
£2.70M
FDV
£4.53M
Circ. Supply
20M HYDRA
Max Supply
Not enough data
Total Supply
33M HYDRA
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£108.92K
-0.2%
Volume (7D)
£1.06M
Volume (30D)
£2.89M
All time high
£38.83
Price Change (1Y)
-55.99%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Hydra has increased by 0.06% in the last hour and increased by 1.42% in the past 24 hours. Hydra’s price has also fallen by 1.16% in the past week. The current price is £0.14 per HYDRA with a 24-hour trading volume of £108.92K. Currently, Hydra is valued at 99.65% below its all time high of £38.83. This all-time high was the highest price paid for Hydra since its launch.
The current circulating supply of Hydra is 19,953,054.02 HYDRA which means that Hydra has as total market cap of £2,701,044.35.
Market details
HYDRA vs markets
↘ 73.76%
HYDRA vs BTC
↘ 75.31%
HYDRA vs ETH
↘ 57.34%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x96C3530BFd0a906a123A4e26CEbB635636B41f9d |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.14 | ↗ 1.42% |
1 Day | £0.13 | ↗ 1.42% |
1 Week | £0.14 | ↘ 1.16% |
1 Month | £0.14 | ↘ 2.76% |
1 Year | £0.32 | ↘ 55.99% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Hydra is a permissionless, open-sourced proof-of-stake (POS) blockchain. The blockchain aims to implement critical economic features and use proven technology for data transmission. According to its whitepaper, the blockchain seeks to fix the transaction fees with a unique burning mechanism on the generated transactional economy. The network is built on top of open-source projects, such as Ethereum, BlackCoin’s PoV v3, QTUM, and Bitcoin.
The whitepaper mentions a few problems with Blockchain Economy 2.0 that Hydra seeks to solve. It includes the problem of total supply, which has been overly abused in the blockchain industry. Projects are compared with each other in terms of their total supply. Thus, the term has become more of a marketing component instead of being treated as an actual economic determinant. While as per Hydra’s concept, it is only one of the four critical components, with the other three being node economy degradation over time, rate of supply change, and transactional economy efficiency. Hydra believes that total supply is the direct representation of the actual usage of the chain.
As per the platform’s design, the market determines the total supply as an asset base. The network stimulates community growth and infrastructure, besides protecting against price degradation, given its ability to convert transaction gas into a permanent supply cut. Thus, solving the problem of ‘how’ and ‘when’ to switch a blockchain from an inflation state to a deflation state without high risk.
Some of the key features of the platform include:
HYDRA is the ecosystem’s native digital coin. The coins would be used to carry out transactional activity on-chain and staking. The Stakers receive HYDRA tokens to help secure the network against attacks.
Nikola Alexandrov and Hristo Tenchev are the co-founders of the platform. Nikola and Hristo are also the co-founders of LockTrip.com (a blockchain travel project) and Bitcoin. Nikola has seven years of high-frequency algorithmic trading experience on high liquidity global markets. Others in the team include Florian Pfieffer, Nevena Petrova, Ivan Ivanov, Todor Yalamov, Rosen Krumov, etc.
The platform’s cold launch occurred between October 2020 and December 2020. The token was airdropped to the community between March 2021 and February 2022.
We update our Hydra to GBP currency in real-time. Get the live price of Hydra on Coinbase.
The current market cap of Hydra is £2.70M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Hydra is £38.83. This all-time high is highest price paid for Hydra since it was launched.
Over the last 24 hours, the trading volume of Hydra is £108.92K.
Assets that have a similar market cap to Hydra include Zenon, ShareToken, XDEFI Wallet, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hydra is 20 million.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.