Cryptocurrency Price Prediction

HEX (HEX) Price Prediction 2022, 2023, 2024, 2025: Will It Break The $1 Price Target?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Aug 17, 2022

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Since it is anticipated that global investments in cryptocurrencies will increase over the coming years. Let’s explore how much these trends can affect the HEX price for 2022. The key distinctive aspect of the HEX project, which portrays itself as one of the future of investments. Is that it holds a staking function that compensates stakers rather than miners.

Quant

$120.90

green-dropdown 4.857%

Zcash

$58.00

green-dropdown 3.943%

Cosmos

$14.23

green-dropdown 3.027%

Compound

$63.13

green-dropdown 1.626%

UMA Voting Token v1

$2.39

green-dropdown 1.271%

Maker

$694.00

green-dropdown 0.872%

$4.60

red-dropdown 0.087 %

Filecoin

$5.67

red-dropdown 0.71 %

Maker

$694.00

red-dropdown 0.872 %

UMA Voting Token v1

$2.39

red-dropdown 1.271 %

Compound

$63.13

red-dropdown 1.626 %

Cosmos

$14.23

red-dropdown 3.027 %

Zcash

$58.00

red-dropdown 3.943 %

Quant

$120.90

red-dropdown 4.857 %

Traders who would like to make better investment choices must monitor the price development of a particular digital coin. Therefore, if you’re thinking about investing in HEX, check out this article on HEX cryptocurrency price prediction. Which includes important targets and information about the coin’s performance for years to come.

Overview

CryptocurrencyHex
TokenHEX
USD Price$0.05744
Market Cap$9,960,787,316
Trading Volume$15,772,109
Circulating Supply173.14B HEX
All-time high$0.5561 (Dec 22, 2019)
All-time low$0.00001451 (Dec 22, 2019)

*The statistics are from press time. 

HEX (HEX) Price Prediction

YearPotential LowAverage PricePotential High
2022$0.0654$0.0791$0.0979
2023$0.0849$0.1196$0.1711
2024$0.1403$0.2036$0.2791
2025$0.2035$0.2739$0.372

HEX (HEX) Price Prediction For 2022

The altcoin had a bullish beginning in the year 2022, it was trading for $0.2 on the 1st of January. However, the coin could not retain its bullish momentum for a long stretch of time. As its price rallied down and struck the bottom at $0.12 on the 19th of February. 

Furthermore, the token did not encounter any major fluctuations and was selling at around $0.1 until the 4th of May when it saw a shuttle rebound. It was trading at $0.2 on the very same day. But the coin soon lost pace as the tension in the business was caught by the bearish takeover. The price quickly rolled down to $0.05 on the 25th of June. At the time of writing HEX token was selling for about $0.057.

HEX Price Prediction For Q3

The most unique aspect of the HEX platform is its staking function, which compensates stakeholders rather than miners. More incentive interests are earned the lengthier the investor stakes. As a result of which more and more stakes could turn their heads towards the coin. Which eventually can escalate its maximum price to touch $0.0741.

On the negative side, the absence of exciting events can exacerbate its dissipating position and cause the prices to decline to $0.0525. The average price, though, might wind up around $0.0613 due to the sideways tendency.

HEX Coin Price Prediction For Q4

The HEX crew will be working on delivering Testnet Release 2 with the key updates. Namely, branded blocks out (block explorer), enhanced validator rotation, and beginning distributions. These updates could increase the utility of the token peaking its price at $0.0979.

In contrast, elements like unfavourable commentary or a bearish trend might cause the price to fall as low as $0.0654. If the bullish and bearish targets are taken into account, the average price may be $0.0791.

HEX Crypto Price Prediction For 2023

If the HEX price closes 2022’s trading on a positive note and extends its history. With additional encouragement from initiatives like the announced PulseChain upgrade. HEX might surpass the price target of $0.1711. At the same time, usual buying and selling pressures could take the price to $0.1196. That being said, bearish trends could leave the price at $0.0849.

HEX Price Forecast For 2024

The central design of the coin promotes revenue growth and deters price falls. This doesn’t imply that HEX is completely devoid of volatility, but it strives to lessen price fluctuations. And claims that investors receive competitive rates for their money. This could create the required FOMO for the coin to touch the maximum price of $0.2791.

However, the dwindling supply of HEX and low volumes could bring the price as low as $0.1403. The average price may find its foundation at $0.2036 when taking into account the bullish and bearish targets.

HEX Coin Price Prediction For 2025

On an optimistic note, more updates rolling in can improve the coin’s stance and make it stand out from its rivalry. That being said, it could experience a possible price hike to $0.372 by the end of 2025. 

In contrast, HEX may trade at an average cost of $0.2739, if the market determines the price through normal buying and selling pressures. Negative criticism and unfavourable sentiments might then bring down the cost to $0.2035.

What Does the Market Say?

Wallet Investor:

According to wallet investor projection, by the end of 2022, the HEX price is expected to reach a maximum of $0.0872. The company estimates that the minimum price will be $0.000001 and the average will be $0.03087. By the conclusion of 2025, the HEX coin is expected to trade at the highest price of $0.001076, according to Wallet Investor.

Priceprediction.net:

The website’s analysts have set a $0.061 maximum closing objective for the current year. While a change in trend might drive the price as low as $0.057. The regular cost might be $0.059. The firm also hosts the prediction for the long term. Accordingly, the maximum closing target for 2025 is set at $

Digital Coin Price:

As per the HEX price prediction by Digital Coin Price, HEX is anticipated to close the sale in 2022 at a maximum of $0.0819. The lowest and average closing targets are expected to be at $0.0737 and $0.0781, respectively. By the end of 2025, the company anticipates HEX to reach a high of $0.13

Click here to read our price prediction of Chiliz (CHZ)!

What Is HEX (HEX)?

Richard Heart introduced the Ethereum-based coin HEX in 2019. Due to the truth that it is the first-ever blockchain.com version of a Certificate of Deposit. This ERC coin has since gained popularity as an investment opportunity.

A Certificate of Deposit is a financial product used in centralized finance that guarantees a client a specified rate of interest. As far as they maintain a certain amount of cash in a fixed deposit account. The money may linger in the account, making such little interest, and perhaps even dropping in value owing to inflation because the interest rates are often pitiful.

The platform developed HEX, a blockchain-based certificate of deposit, after realizing its centralized drawbacks. Contrary to centralized Certificates of Deposit, the only purpose of HEX is to help investors profit significantly.

Fundamental Analysis

While the arbitration logic and staking mechanism are housed in the HEX smart contract. HEX leverages the ethereum network for the transaction layer (send or receive HEX tokens in addition to interfacing with the HEX smart contract).

HEX incorporates elements intended to reward actions that support capital growth and prevent conduct that induces harm to the value. It allows an individual to stake their HEX coins for a portion of the new HEX currency issue or inflation. The HEX smart contract penalizes stakers for terminating their stake too soon. And compensates them for holding onto their position for prolonged periods and higher stakes.

Some of the key points worth citing on the project are:

  • Focuses on stakers – The HEX system drills on paying the users with a determination to stake their money for longer periods.
  • Strives for Stability – Rather than other cryptocurrencies like Bitcoin and Ethereum, it derives its valuation on the US dollar. This indicates that while their prices fluctuate, they do so mostly as a result of changes in the value of the dollar.

Coinpedia’s HEX Price Prediction

The project has the potential to be one the biggest game changer for achieving complete decentralization in the financial world. The team is indicating to bring more improvements and better features to the ecosystem as time rolls. This could gather the required attention to the project and may cause its price to peak at $0.1 by the end of 2022.

On the potential downside, if bearish trends drive in significant liquidations. The price may form a bearish claw and descend to its lowest point at $0.065. On average the price could find its support at $0.08.

Historical Price Sentiments

2019-20

  • Hex did not encounter any major fluctuations from its inception in 2019 to the beginning of 2021.
  • Initially, the coin was trading for about $0.00007 and from there it took an impressive bullish trend.
  • Its price rose from $0.0006 to $0.01 on the 28th of October 2020.
  • The coin ended the year 2020 with a price of $0.14.

2021

  • 2021 was quite an optimistic year for the token as for the major part of the year the coin was under the influence of the bulls.
  • Its price kept rising and skyrocketed to reach $0.4 on the 9th of September.
  • However, It dropped to $0.2 at the beginning of December and ended the year with a cost of $0.285.

To read our price prediction of Flux click here!

Wrapping Up

HEX surely has performed better than some of the primitive assets. However, it is important to highlight the pros and cons of the project. As it helps one make an informed decision. Below are some of the major positive and negative aspects of HEX.

Pros

  • A consumer of HEX can stake their existing HEX tokens in exchange for a portion of future HEX coin issuance.
  • Claims to maximize profit while mitigating fluctuations.

Cons

  • Hex is directly tied to the number of traders which can be a hindrance to its long-term growth.
  • The coin has a solid idea but it’s yet to be seen what features it incorporates to take the game to next level.

FAQs

Q: Is HEX a good investment?

A: The protocol has a strong team supporting it and several cutting-edge traits. Which collectively makes it an ideal buy for the long term.

Q: Will HEX be able to cope with its bearish market?

A: The coin has sturdy fundamentals and it might advance against bearish trends if it fetches newer upgrades and practical collaborations hereafter.

Q: What will be the worth of HEX by the end of 2022?

A: The coin is anticipated to trade around an average cost of $0.0791 by the conclusion of 2022.

Q: What will the minimum and maximum price of HEX be by the end of 2023?

A: The coin can strike record levels with a maximum and minimum trading price of $0.1711 and $0.0849 respectively by the end of 2023.

Q: How high can the price of HEX go by the year 2025?

A: The token can break out of its bearish market to reach the highest trading price of $0.372 by 2025.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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