Hex Price Prediction 2022 – 2031: Is HEX a Good Investment?
HEX Price Prediction 2022-2031
- Hex Price Prediction 2022-up to $0.042
- Hex Price Prediction 2025-up to $0.14
- Hex Price Prediction 2028-up to $0.45
- Hex Price Prediction 2031-up to $1.49
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. Let’s see if our Hex price predictions can help you make a life-changing decision.
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 note that the coin is reportedly up 948,000% since its launch. And yes, the website has a dedicated page to prove that they are not a scam. The official website claims they are a “Nobel-price” worthy economic breakthrough. But the value of the coin is down 90% from its ATH since its launching.
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.
Redditor
Today’s HEX price is $0.039284 with a 24-hour trading volume of $9,390,837. HEX is up 6.79% in the last 24 hours. The current CoinMarketCap ranking is #201, with a live market cap of $6,812,295,292. It has a circulating supply of 173,411,074,413 HEX coins and the max. supply is not available.
Also Read:
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 Founder
The HEX was founded by Richard Schueler, aka Richard Heart. He gained notoriety through his previous blog posts on spamming and looks like he gained attention that way. According to SocialBlade.com, Richard Heart gets between $1,100 and $17,500 each year from YouTube ad income. But what about Hex? If the product doesn’t generate revenue but is paying out interest, realized returns can only come from other investors, which is still “Ponzinomics.” That’s a warning there, but some people with cash to spare seem to enjoy the aggressive marketing of flaunting their HEX gains.
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.
Those who stake HEX tokens are given an average of 38% returns. The figure is lucrative because most US banks do not provide more than 2% annual interest.
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.
Hex Share Price and Certificate of Deposits
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
Recent Hex technical analysis reveals HEX cryptocurrency surged in price over the last few days and is currently trading at a price point of $0.03866, an uptrend of 10 percent.
Looking at the HEX/BTC 1-day chart on Tradingview, we can see that HEX has broken out from an ascending triangle and is currently testing resistance at $0.0400.
The RSI is indicating overbought conditions, suggesting that there may be some profit-taking in the near term. However, the MACD histogram shows increasing bullish momentum and potential for further price growth.
Support levels can be found at $0.0350 and $0.0300, while resistance levels are at $0.0390 and $0.0400. If it breaks through this level of resistance, the next level of resistance can be found at $0.0500.
The moving average lines on the chart appear to be converging, indicating that HEX could potentially enter into a longer-term uptrend. The HEX/USD price is currently above the 200-day and 50-day moving averages, indicating a bullish long-term trend.
On the weekly HEX price analysis, we can see that the coin has been on a steady uptrend, whereby it has moved from a monthly low of $0.03256 to the current high of 0.03854. The recent price change represents an uptrend of 18.29 percent gain over the last week and 14.39 percent over the last 30 days.
HEX is set to target a resistance level of $0.0400 in the short term and may continue to see growth in the coming weeks. However, on the downside, HEX might retrace to support levels at $0.0350 and $0.0300 if there is profit-taking or a pullback in the market. Overall, HEX appears to have strong bullish momentum and may continue to see growth in the short term.
Hex Price Predictions by Cryptopolitan
Hex price prediction for the year 2031 indicates a potential maximum price of $1.49 and an average forecast price of $1.28.
Hex Price Prediction 2022
According to HEX price prediction for 2022, a maximum price of $0.042 and an average forecast price of $0.040.The digital currency is expected to trade at $0.038 as the lowest price.
Hex Price Prediction 2023
Our HEX price forecast for 2023 is a maximum value of $0.066 and an average of $0.60.HEX is projected to attain a minimum price of $0.058.
Hex Price Prediction 2024
Hex price prediction for 2024 suggests that the digital currency might potentially surge in prices and reach $0.097 as the highest price. Hex is projected to trade at an average price of $0.083 and a minimum price of $0.081.
Hex Price Prediction 2025
According to our Hex price prediction for 2025, HEX is expected to hit a maximum value of $0.14 and an average forecast price of $0.12. The digital currency is projected to attain a minimum price of $0.12 in 2025.
Hex Price Prediction 2026
Our Hex price forecast for 2026 is a maximum price of $0.021 and an average value of $0.8, which is also the minimum forecast price.
Hex Price Prediction 2027
Our Hex price prediction suggests In 2027, HEX may reach a maximum forecast price of $0.31 and an average value of $0.27 with a minimum forecast price of $0.26.
Hex Price Prediction 2028
According to our Hex price prediction for 2028, Hex could potentially achieve a maximum price of $0.45 and a minimum value of $0.39.HEX is expected to have an average trading price of $0.40.
Hex Price Prediction 2029
In our Hex price prediction for 2029, the digital currency may attain a maximum value of $0.68 and an average price of $0.60. HEX could also potentially hit a minimum forecast price of $0.58 in 2029.
Hex Price Prediction 2030
Our Hex price forecast for 2030 suggests the price of HEX could reach a maximum level of $0.99 and an average price of $0.87, with a minimum predicted price of $0.84 in 2030.
Hex Price Prediction 2031
Hex price prediction for the year 2031 indicates a potential maximum price of $1.49 and an average forecast price of $1.28. HEX could also potentially hit a minimum forecast price of $1.25 in 2031.
Hex Price Predictions by Wallet Investor
Wallet Investor uses a technical analysis-based approach to forecast the price of HEX. According to their Hex price prediction, HEX will reach $0.00259 by the end of 2022. Moreover, their forecast suggests that HEX may drop to $0.088 by 2025 and might crash to $0.00017 by the end of 2026.
Hex Price Predictions by DigitalCoinPrice
Digitalcoinprice also forecasts HEX prices using technical analysis. Their Hex price prediction suggests that HEX may reach a maximum value of $0.0473 in 2022 and $0.11 in 2025. Digitalcoinprice predicts that HEX may continue surging in prices and, by 2027, a maximum price of $0.31; by 2030, HEX might reach $0.99.
Hex Price Predictions by PricePrediction.net
Price Prediction net is another site that has given a quite conservative Hex price prediction. They forecast that HEX may reach a maximum value of $0.042 in 2022 and $0.14 by 2025, with an average price of $0.18 in 2026. By 2028, the digital asset is predicted to trade at a minimum value of $0.39; in 2031, the digital asset might reach an all-time high of $1.49.
HEX Price Predictions by Industry Influencers
Trader University believes Hex is a scam. View the video to have your own conclusion.
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.
Maxim Broadcast believes that Hex has the potential for growth and if you’re thinking about investing, you should do it on a bear market. You need to understand it for yourself. Hexicans will push for the project because most are staking for 15 years. They have an interest to make it better. Risk is actually lower in Hex than in other blockchains, Maxim stresses. There’s a good sign in the way staking is being played out. Potential returns are meaningful for Hex and you should consider Hex for your portfolio, Maxim concludes.
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.
Hex ecosystem offers a unique deflationary model that rewards those who hold HEX, giving it potential for growth in the future. With the development and adoption of the crypto market, more investors may consider HEX as a viable investment option.
Overall, HEX is expected to continue growing in value over the next few years, with some potential ups and downs throughout the forecast period. The current price fluctuations, however, pose uncertainty to long-term predictions, and it is important to do personal research before making investment decisions.
The analysis is not investment advice; thoroughly research before buying Hex tokens.
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