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Hydra HYDRA Price

$0.189

-0.17%

$0.188

24h Range

$0.190

Market Cap

$3,775,433.7

Fully Diluted Valuation

$6,335,158.8

24 Hour Trading Vol

$60,261.3

Circulating Supply

19,953,054.0

Total Supply

33,481,124.4

Max Supply

Info

HYDRA Price Statistics

Hydra Price

$0.189

24h Range

$0.188 - $0.190

Percent Change 1h

-0.28%

Percent Change 24h

-0.17%

Percent Change 7d

-8%

All-time high

$0

All-time low

$0

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About Hydra

What is Hydra (HYDRA)?

Hydra (HYDRA) is a cutting-edge decentralized blockchain platform designed to enhance scalability and transaction speed, catering particularly to decentralized finance (DeFi) and gaming applications. Launched in 2019, Hydra aims to provide users with a more efficient and cost-effective alternative to traditional blockchain infrastructures. With a focus on privacy and security, Hydra utilizes a unique consensus mechanism known as the Hydra Protocol, which allows for high throughput, low latency, and minimal transaction costs. By enabling smart contracts and decentralized applications (dApps), Hydra is positioned as a robust solution for developers and users seeking to leverage blockchain technology.

Who are the Founders of Hydra?

The founding team of Hydra comprises blockchain experts and tech entrepreneurs, including Rostislav Kovalchuk, Viktor Shkoda, and Oleg Churilov. Their diverse backgrounds in software development, cryptography, and finance have contributed to the creation of a resilient platform that addresses scalability and user experience challenges in the blockchain space. The founders are committed to fostering an open-source community around Hydra, encouraging collaboration and continuous innovation.

How does Hydra Work?

Hydra operates on a unique consensus mechanism that combines elements of Proof of Stake (PoS) and Directed Acyclic Graph (DAG)

In addition, Hydra employs a sharding technique, dividing the network into smaller, manageable segments that can process transactions independently. This architecture not only improves efficiency but also ensures that the network can handle thousands of transactions per second, making it suitable for high-demand applications.

Top Use Cases of Hydra

Hydra offers a variety of use cases, particularly in sectors where speed and security are paramount:

  • Decentralized Finance (DeFi): Hydra facilitates lending, borrowing, and trading through dApps, providing users with a seamless experience while reducing reliance on traditional financial systems.
  • Gaming: The platform supports blockchain-based games that require fast transaction processing, allowing for real-time interactions and rewards.
  • Supply Chain Management: By leveraging Hydra’s transparency and speed, businesses can track and verify products along the supply chain, enhancing trust and efficiency.
  • Identity Verification: Hydra can be used for secure identity management solutions, offering users control over their personal data while ensuring privacy.

How to Keep your Hydra Safe?

Ensuring the security of your Hydra holdings involves several best practices:

  • Use Hardware Wallets: Storing HYDRA tokens in hardware wallets provides an additional layer of security against online threats.
  • Enable Two-Factor Authentication (2FA): Always activate 2FA on your exchange accounts and wallets to add an extra layer of protection.
  • Keep Software Updated: Regularly updating your wallet and any related software ensures you have the latest security patches and features.
  • Be Wary of Phishing Scams: Always verify the authenticity of websites and communications to avoid falling victim to phishing attempts.
  • Backup Your Wallet: Regularly back up your wallet and keep your recovery phrases secure to prevent loss of access to your funds.

How to Invest in Hydra (HYDRA)?

Investing in Hydra (HYDRA) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Hydra: Once your account is funded, you can purchase Hydra directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Hydra (HYDRA) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Hydra using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Hydra (HYDRA) in the Long Term?

Hydra (HYDRA) is currently trading at $0.189 and exhibits good potential for future growth. Check the latest Hydra (HYDRA) price prediction.

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