Tuesday, March 01, 2022 11:28:14 AM
HEX’s primary design intention is price appreciation that overperforms as much and as fast as possible. The idea was to create a cryptocurrency that appreciates faster than Ethereum (ETH), whose price made a 10,000x in 2.5 years. HEX already has done a 10,000x in under 2 years and that's before Staking. Bitcoin (BTC) went up 10x from $6500 to $65k in the same timeframe while ETH did a 30x from $140 to $4400. HEX outperforms almost every other cryptocurrency, because it is a superior product. HEX outperformed and outpaced the growth of both Bitcoin & Ethereum in their first 2 years. If HEX continues to grow faster, it might beat Bitcoin's record 6,500,000x in 12 years, which would put HEX at $367.
HEX’s price is uncorrelated from the performance of other cryptocurrencies because most of HEX’s liquidity is against USD. Heart's Law states that the prices of most cryptocurrencies are correlated as a result of having most of their liquidity against BTC. This means if Bitcoin has a drawdown, most other cryptocurrencies will drop even more, while HEX does its own thing. HEX holders are safe from potentially negative BTC scenarios, such as another exploit, Mt. Gox selling, FUD, Tether imploding, etc.
So far, HEX’s price went up 1421x against Bitcoin and 361x against Ethereum.
HEX.COM
all posts are my opinion/entertainment.
Recent HEXUSD News
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