Hydra (HYDRA) price, chart, coin profile and news

Find the latest Hydra (HYDRA) price, coin profile, news and history to get you started with Hydra trading and investing.

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What is Hydra?

Hydra is a permissionless and open-source blockchain that aims to solve the issue between inflationary and deflationary token models. Issues regarding token supply have been a source of great contention from those both inside and outside the cryptocurrency industry. As a result, Hydra has tried to find an answer by combining the source codes from Bitcoin, Ethereum and QTUM, with a unique Proof-of-Stake mechanism and tokenomic model.

According to the project’s website, the Hydra chain burns 100% of all transaction fees generated by the network and, at the same time, maintains block rewards which inflate the overall token supply. The inflationary mechanism incentivises validators to support the protocol, while the deflationary mechanism lowers the overall token supply. The blockchain is currently supported by over 500 nodes worldwide. Thanks to the unique architecture of increasing and decreasing supply, the blockchain does not face the issues faced by other layer-1 blockchains such as when to change from an inflationary to a deflationary state.

HYDRA is the native cryptocurrency of the Hydra blockchain. The token is required for all transactions that take place within the ecosystem and are required by all validators that wish to secure and support the network. New HYDRA tokens are released via block rewards which are issued to all supporting validators.

Hydra (HYDRA) is the 440th largest cryptocurrency in the world by market cap, valued at $51,208,684. The current price of Hydra is $6.0632, which is 1.637% higher than yesterday. Prices have ranged between $6.0775 and $5.9059 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 11:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Hydra (HYDRA) price

Use our graph to track the performance of (HYDRA) over time.

Hydra at a glance

Information last updated May 16, 2022 11:05 UTC.
Coin symbol HYDRA
Coin Marketcap AUD$51,208,684
Circulating HYDRA 12,087,419
Current price AUD$6.0632
All time high AUD$106.3205

Hydra price performance over time

Historical prices compared with the price of $6.0632.

1 hour 0.09%
24 hours 1.64%
7 days -27.09%
14 days -37.59%
30 days -48.99%
60 days -53.30%
200 days -75.12%
1 year -91.00%

Disclaimer: Cryptocurrencies, including Hydra, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HYDRA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Hydra or any other cryptocurrency discussed.

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