Richard Heart’s Revolutionary Cryptocurrency HEX Explained: HEX CRYPTO Price Prediction For 2023, 2027

What Is HEX Crypto? 

Hex is a cryptocurrency. However, it is quite different from other cryptocurrencies, as you might ask! In addition to facilitating the trading of cryptocurrency, Hex crypto also lets users lock their money and earn interest on it. This is, however, not a unique concept. Our traditional banks have been doing this for ages and have called it CDs or Certificate of Deposit. Though the bank gives interest on the money locked, the value of fiat currency continues to decrease. This is where the Hex comes. Hex gives its users high interest in their locked digital money.

An ERC20 token launched on the Ethereum network, HEX is designed by Richard Heart and launched on the Ethereum network in December 2019. HEX claims itself as a Certificate of Deposit on the blockchain. HEX is designed in such a way that it utilizes the DeFi ecosystem in cryptocurrencies within the Ethereum Network.

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HEX uses the Ethereum network for sending and receiving HEX tokens and interacting with the HEX smart contract. Meanwhile, the HEX smart contract contains the consensus code and staking mechanism. 

Users get a share of the new HEX coin issuance or inflation if they decide to stake their coins. HEX contains features such that it incentivizes price appreciation behavior and disincentivizes price depreciation behavior. Users who decide to end their stake early suffer a penalty and gain reward for those who stake large amounts of HEX for a longer time.

HEX is designed in such a way that there is no central authority in HEX. With a private key, you genuinely own your HEX. 

Richard Heart: Owner Of HEX Crypto

Richard Schueler, popularly known as Richard Heart, is an author, Youtuber, philanthropist, and author. Richard is the founder of PulseChain network and Hex. 

Richard is among those investors who are working towards making crypto accessible globally. He eliminates any intermediaries through the HEX system, leaving buyers with more interest. 

As his first job, Richard delivered newspapers for his businessman father. His father was the owner of an air conditioner business. He worked in harsh conditions and imbibed a work ethic.

How Richard came up with the idea of starting HEX is also quite interesting! In his initial days of work, he used to discuss various business ideas with his colleagues. One thing led to another, and he started a mortgage company. He conducted pay per click management (PPC) and worked on SEO or Search Engine Optimization. He reached a point where he was making $60 million per year and could quickly retire and travel the world. Interestingly, he came across Bitcoin for $1. Soon after, he observed the flows within the leading cryptocurrency. It eventually led him to lay the foundation of Hex. 

What Makes HEX Crypto Unique?

HEX Is Pre-viral

HEX is yet to get listed on a big exchange and is still waiting to get listed on cryptocurrencies by Marketcap. 

The PulseChain, Richard Heart’s Ethereum fork that drastically reduces transaction fees, is not even launched yet. At the moment, it is quite complex to buy HEX. 

Even before all of it, HBAR is quite popular, and all these great changes render plenty of space for its growth, especially after the first 10,000x in HEX price. If we look at Bitcoin’s price growth chart, after it increased by 10,000X, it didn’t stop and even increased 650x on top of that, and it is expected to grow even further. 

HEX Renders Unique Tools 

HEX is the first cryptocurrency in the world that provides a chart of its future locked supply. Users can plan for the future by looking at when the big stakes will expire. This boosts the buyers’ confidence in the future value of their investment. HEX also works in improving price discovery and might also decrease the volatility through the incentivization of the market to present better future data. 

HEX Is Inexpensive 

Users prefer buying inexpensive stuff because of unit bias. In a brilliant move, HEX has intentionally included hundreds of billions of units in order to make a single unit (1 HEX) “cheap”. This comes in the range of $0.01 and $10. Meanwhile, Bitcoin has a limited supply of 21,000,000 units, making it expensive. 

Instead of owning a fraction of an “unaffordable” coin whose worth is tens of thousands of USD per unit, Beginners would instead buy a whole coin worth less than $10. 

HEX Has Speculative Stickiness 

Price and hash rate is common in regular cryptocurrencies. On the other hand, HEX compromises of share price, HEX price, and the measurable factors that influence per T-share such as average Stake size, calendar of expiring Stakes, percentage of supply Staked, average Stake length, early & late end Stake penalties.

HEX Price

In the history of the world, cryptocurrencies are the highest growing asset class. As of 2021, the price of Bitcoin, the leading cryptocurrency in the world, has increased by 6,500,000x since its inception in 2009. Meanwhile, surpassing the growth of both Bitcoin and Ethereum, HEX has appreciated by 9481 so far. 

The value of a single hex token got multiplied by more than 80x within the first handful of months it was launched. 

HEX Crypto Price Prediction

At the time of writing, the price of HEX stands at 0.196642 USD with a market cap of $34,082,866,372.Bitget, HitBTC, FMFW.io, Uniswap (V3), and XT.COM are the top cryptocurrency exchanges that allow the trading of HEX. 

Hex is showing an increasing tendency these days. Gov Capital predicted the future price of the asset is predicted to be $0.61761588140049 (211.927%) based on their prediction system.

Another algorithm-based crypto-based prediction service forecasts a possible one-year increase in the price of HEX crypto to $0.62 till the same time next year, and it can reach a price of $4.1 in five years’ time.

As of 8th February, Wallet Investor using an algorithm-based prediction, came up with an optimistic price prediction for 2023, reaching the mark of $0.45 in a year. It also stated that the HEX coin price will reach $1.4 by the start of 2027.