The blockchain world is not falling short of innovations. Hex combines the power of decentralized finance and smart contracts to create a unique Hex product. Hex has an easy-to-understand concept that was launched as a complete product. Users can stake their Hex cryptocurrency for a high annual interest rate using Certificate of Deposits (CDs), a standard investment tool managed by banks.
Take a stroll into Reddit, and you’ll see mixed reactions like Hex is a scam, spam, rug pull, etc.
Amazing that some people have this undying desire to claim Hex is a scam when it’s just a “boring” yield generator that was modeled off of the legacy banking world’s Certificate of Deposit. As far as the code base, it’s literally the Bitcoin code translated to run on the Ethereum blockchain but with “Proof of Work” swapped out for “Proof of Wait.”
And yes, thousands of early holders wound up turning into millionaires, deca-millionaires, and even a few who may have hit the $100,000,000 range. It’s all on the blockchain, publicly verifiable. 🤷♂️
I’m not interested in converting anyone; I think it’s amazing how anyone still puts their energy into trying to crap on Hex while it’s been running flawlessly for 2.5 years. No downtime. No drama. Lots of new millionaires.
Today’s live HEX price is $0.035737, with a 24-hour trading volume of $7,922,572 USD. HEX is down 3.24% in the last 24 hours. The current CoinMarketCap ranking is #202, with a live market cap of $6,197,247,181. It has a circulating supply of 173,411,074,413 HEX coins, and the max. supply is not available.
What is Hex?
Hex is an ERC20 token native to the Hex platform. The Hex token is fully automated as a smart contract on the Ethereum blockchain. HEX is a project to recreate a standard banking product called a Time Deposit. Other than just trading the Hex token, staking Hex provides a high interest coded into its tokenomics. While banks offer an average 2% return on CDs, the Hex platform CDs average 38% per annum on a trustless peer-to-peer platform.
Hex Tokenomics
According to data from the Hex platform, 581B Hex tokens are in circulation. There are 62 B-staked Hex tokens from 108,710 stakers and counting, with a total locked value of $2B. To understand how Hex works, we will explore how sating works and how the share price plays an integral part in the final payout.
Staking
Staking refers to initiating a function on the smart contract to commit your Hex for some time, for instance, staking 10,000 Hex for 5 days. During this staking period, users cannot access the Hex tokens, but at the end of 5 days, users can redeem the stake for 10,000 and interest. The product is called Certificate of Deposit (CDs) functionality. Payouts are drawn from a pool based on your share of total Shares. For instance, if you stake 10 Hex and qualify for 40% bonuses, the 10 Hex becomes 14 Shares. My payout is calculated as your shares divided by the total number of Shares, not Hex divided by the total number of Hex. This formula is essential because higher bonuses mean higher payouts, perhaps even more economical than starting with more Hex. It’s much easier to get a 40% bonus than to buy 40% more Hex coins.
A pricing mechanism is built into the contract to ensure that longer and larger stakes pay better over time. Every time a stake ends, its gains are calculated as a share price, which all future stakers will pay to convert their Hex into shares. The Hex base unit is the Heart. Hearts are to Hex as Satoshis is to Bitcoin. 100,000,000 Hearts make one HEX. The share price at launch will be 1 share per Heart. How the price moves are related to the return on investment for a stake. For instance, if, on day 5, someone ends their stake and has a 20% gain, it translates into a share price of 1.2 Hearts per share. If that user wishes to stake again, their Hearts will be divided by 1.2 to determine their shares.
Certificates of Deposit (CDs) are common investment tools banks use with a market valued in trillions of dollars. HEX took the concept of CDs, added significantly higher average return rates, removed banking fees, and turned it into a decentralized cryptocurrency.
Hex tokens can be staked and locked for up to 5555 days. The Stake accrues daily rewards, and the yield is proportionate to the length of your Stake.
Hex Utility
- Hex is an ERC20 token; blockchain technology allows users to use it for cross-border payments easily.
- As a store of value, Hex is protected from inflation from its inbuilt tokenomics and burn mechanism.
- The Hex token has a great staking mechanism. Hex has an average a.p.y. of 38%, which can go higher depending on the lock period.
Hex Price History
Hex is up about 9,481x from its first trading price. Coinmarketcap listed the first Hex price at $0.000127 on December 2019; Hex set its all-time high price on 13 November 2021 at $0.5561.
Hex has been on a continuous downward trend from this year’s opening price of $0.28. It has lost 80% of its value this year.
Hex Technical Analysis
Hex has been on a sharp drop this year and traded in oversold territory in May. It opened at $0.16 in January and has so far lost 90% of its value; Hex has traded sideways for the last month, accumulating as the bear market slows down. The William Alligator trend lines suggest the trend will continue short-term; the MACD histograms show little price momentum. A further price drop will put Hex in oversold territory.
Hex Price Predictions by Authority Sites
Walletinvestor
The site uses machine learning and artificial intelligence (AI) to provide the Hex price forecast. The AI rates Hex’s historical data index B+ and comments that it would make a bad one-year investment. The Hex price will drop by 92.93% to a future price of $0.00262 in September 2023. The site indicates a bearish market price prediction for the coming two weeks, and Hex will drop to $0.0290 at the end of the period. The negative trend will continue in 2024 at -92.13% ROI and drop to -94.36% in 2025. The ROI will be -92.13% in 2026 and -89.04% in 2027.
CryptoPredictions
This site uses linear and polynomial regressions to predict future values of Hex. The Hex token will sell at an average of $0.07134055803097 in October; the price will fall gradually to $0.069769476373986 at the end of the year. In 2023 Hex will sell at an average price of $0.068631167083366 in January and $0.074087248110876 in December. The site provides a bullish Hex price prediction from 2024 to 2025. In 2024, Hex’s average trading price will be $0.077198968301972 in January and $0.10178190627333 in December. In 2025, Hex’s average forecast price will be $0.10354583026618 in January and $0.10518901155259 in December.
Digital coin price
According to the Digital coin price forecast system, Hex’s current price is down over 90% this year and will trade sideways for the second half of 2022. The average Hex forecast price for October is $0.0549, reaching the lowest in November at $0.0495. In 2023, Hex will sell at an average price of $0.0822. It will reach a maximum price of $0.0882 and a minimum value of $0.0784. In 2025, Hex will sell at an average price of $0.15. It will reach a maximum price of $0.16 and a minimum value of $0.14. In 2030, Hex will sell at a mean price of $0.51. It will reach a maximum price of $0.52 and a minimum price of $0.51.
Cryptopolitan
Hex Price Prediction 2022
The Hex tokens price prediction for 2022 is $0.059. Hex has performed poorly this year, losing over 90% of its value; many virtual coins have shared the sentiment in the crypto markets.
Hex digital coins will be bullish in the next run and trade between $0.057 and $0.061.
Hex COIN Price Prediction 2023
The Hex price prediction for 2023 is $0.088. Many crypto analysts suggest the crypto market will recover in 2023. Hex will recoup some of its losses with an estimated return on investment of 50%.
Hex value will reach a minimum price value of $0.086 and a maximum of $0.097.
Hex Price Prediction 2024
The Hex price prediction for 2024 is $0.12. HEX is an excellent product with no central entity, no bureaucracy, and no overhead. As a simple-to-use, high-yield investment product, no bonuses are awarded to anyone outside the users who Stake HEX.
HEX makes you the bank. The current value for the year will reach the highest price at $0.15 and the lowest at $0.12.
Hex Price Prediction 2025
Hex crypto price prediction for 2025 is $0.15. Certificates of Deposit have a market worth trillions of dollars and are used by hundreds of millions worldwide. CDs are worth more than credit card companies and cash. HEX is a superior Certificate of Deposit on the Blockchain.
The Hex forecast indicates that future prices will range from a minimum price value of $0.14 to a maximum price of $0.16.
Hex Price Prediction 2026
Hex price prediction for 2026 is $0.13. Hex has undergone several rebrands, each better than the last. All future upgrades will continue to increase the value of the Emblem ecosystem. Hex’s price will reach a maximum value of $0.14 and a minimum of $0.12 in the crypto market.
Hex Price Prediction 2027
Hex price prediction for 2027 is $0.18. Hex’s strategic partnerships in Defi increase earning opportunities for the users. Richard Heart, the CEO of Hex, bought the world’s largest cut diamond, “The Enigma.” It’s billions of years old, weighs 555.55 carats,s and has 55 facets. The CEO renamed it “The HEX.COM Diamond.”
Hex coin price will range from a minimum of $0.17 to a maximum of $0.19.
Hex Price Prediction 2028
Hex price prediction for 2028 is $0.25. Emblem vaults provide opportunities for decentralized finance. Hedge fund managers will use vaults with multiple coins that managers can transfer to users openly and transparently.
The Hex price is expected to range from $0.25 to $0.26.
Hex Price Prediction 2029
Hex price prediction for 2029 is $0.37. Hex has a burn mechanism in its economics. All shares that are redeemed in the system are burnt. Burning shares reduces their number in circulation, increasing the value of the ecosystem.
The Hex price is expected to range from $0.36 to $0.37.
Hex Price Prediction 2030
Hex price prediction for 2030 is $0.51. Hex’s future is bright, driven by mass adoption from many investors who bring considerable gain to the platform. The future of WEB 3 is coming, and the crypto world is set to earn extensive—the Hex price range from $0.51 to $0.52.
Hex Price Prediction 2031
Hex price prediction for 2031 is $0.70. Hex market capitalization will continue to rise past 2030. Partnerships in defi and traditional finance will increase the value of the Hex ecosystem. Hex has a low market cap and therefore has the potential for considerable gains in the short term. Hex price will range from $0.69 to $0.71.
Hex Price Predictions by Industry Influencers
Daily Crypto provides Hex price prediction on their Youtube channel. The presenter explains the Hex protocol and its shortcomings. He also analyses the coin’s performance and predicts future growth. However, he also notes that the coin’s past performance does not indicate that it will perform superbly well in the future.
Conclusion
Hex is a unique product with real utility for its community. Mass adoption of the Hex product is central to Hex’s future performance. To enjoy the high returns, stake the token on their platform. Early investors have reaped massive returns from Hex. However, Hex critics are doubtful about the high percentage return with the high loss of value of the Hex token this year.
Hex has a low market cap, and therefore its performance has been dramatically affected by the volatility of the crypto market. Hex will begin recovering once the bear market ends. It will be highly profitable in the following market bull run.
The analysis is not investment advice; thoroughly research before buying Hex.
Source: https://www.cryptopolitan.com/hex-price-prediction/