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HEX Price Prediction: Is HEX a Good Investment?

Ethereum Network issues with scalability and high gas prices encouraged many new crypto projects to try and overperform the most used blockchain network. HEX token is one of the assets designed to beat Ethereum. Since the launch, it has already achieved incredible results and aims to go further. Read our HEX token price prediction to see if the asset has much potential.

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HEX Fundamental Analysis

Project name
HEX
Stock Symbol
HEX
Current Price
0.03334782541991745
Current Supply
581022917138.4005
Official Website

HEX is a certificate of Deposit on the blockchain, meaning its main purpose is to be a store of value replacing the traditional financial products with the ones based on crypto. The other purpose is to leverage DeFi projects on Ethereum Network that is used as a transactions layer (for sending and receiving tokens and also for interacting with HEX smart contracts). 

HEX is an ERC-20 token. It is distributed to the Bitcoin holders through the snapshot of Bitcoin UTXO at a rate of 1 BTC = 10 000 HEX. The users were able to obtain the tokens a year after the network launch, which happened in December 2019. The other way to get the tokens is to exchange them for Ethereum through the HEX smart contract.

By staking HEX tokens users get a chance to get the share of the coins from the new issuance or inflation. It is also designed to push the operations encouraging price appreciation and disincentivize the behaviors causing harm to the price. HEX smart contract fines the users if they end their stake early or rewards them when they stake bigger amounts of HEX for a longer period. The average interest for staking HEX tokens is 40% a year. 

Interestingly, the HEX share price increased more than 10000 times since the launch date. The token also has low inflation — not more than 3,69% after the first year of launch. It is supported by the MetaMask wallet and listed on 202 exchanges. 

According to the official website, HEX is the first crypto in the world with a chart of its future locked supply that shows when the big stakes are set for expiration, so the users can plan the activity accordingly. 

HEX Live Price Chart

From the beginning of the year, the HEX price stayed stable at the level of $0.006- $0.013 and didn’t change significantly till the beginning of May. At the time when the crypto market went up HEX coin also started to steadily gain price. 

The first wave of the uptrend made the token reach $0.064 and then went for price correction falling to $0.04. Shortly after that the price recovered and started to grow again reaching $0.062 by the end of May. 

During the summer the token was following the bullish trend and by the middle of July was trading for $0.17. After this milestone, the token went down and in one month its value decreased to $0.13. From mid-August asset was rising again and went along with the overall crypto market that experienced a surge. HEX token reached $0.046 on September 9 and maintained the same price level till the beginning of October, when the token went bearish and started to decline. 

On November 16 HEX coin reached its all-time high of $0.55, but couldn’t sustain a high price level and went to the support level of $0.22. In the last 7 days, HEX increased 58% in price and according to the graphics it’s preparing for the next bullish run.

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HEX Technical Analysis

Despite the fact that 100% accurate technical analysis for HEX cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated HEX buy-and-sell rating for selected timeframe. The summary for HEX/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

HEX Price Prediction

Below we have collected the most reliable price projections for HEX (HEX) from popular forecast platforms.

HEX Price Prediction for 2022

As for HEX price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects a downturn towards $0.018008, and WalletInvestor echoes with ~$0.011672 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about HEX’s future price, citing upwards of $0.059026 in December.
Potential ROI: -11% Sell

HEX Price Prediction for 2023

In their HEX price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $0.054023 by December. Forecasting HEX's future, TradingBeast expects further growth, too, saying the HEX price will reach ~$0.063694 by that time. On the contrary, WalletInvestor keeps predicting HEX price decline, quoting prices around ~$0.025344 in 2023.
Potential ROI: 43% Buy

HEX Price Prediction for 2024

HEX price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.059693–$0.061027 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $0.013006 in December 2024.
Potential ROI: 34% Buy

HEX Price Prediction for 2025

Both WalletInvestor and PricePrediction.net predict the HEX market to grow in 2025, resulting in $0.034682 and $0.065362 by the end of the year respectively. Other HEX price forecasts support the idea: TradingBeast forecasts HEX to reach $0.040351 by December 2025.
Potential ROI: 40% Buy

HEX Price Prediction for 2030

Speaking of long-term HEX price predictions for 2030, experts present two polar opinions. PricePrediction.net expresses the view that HEX price will grow further and eventually reach $0.05269 by the end of the decade. WalletInvestor’s price prediction for HEX echoes with the projection of an uptrend to $0.065695. Despite this, TradingBeast’s vision remains not so positive, promising a downfall to $0.019342.
Potential ROI: 38% Buy
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Summary

As it can be clear from the analysis cited above, HEX (HEX) projections are rather contradictory. There is no universal consensus either about positive or negative future HEX price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the HEX projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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