On September 19, 2021, HEX fell -60 per cent from its all-time high (ATH) of $0.51. For about two weeks, the coin has been trading in the $0.20 to $0.22 range.
For those that they have promoted to the top, the drop is dramatic. Others who bought it at a lesser price say it is currently trading sideways. HEX has a history of increasing in price every 48 days or thereabouts, and has done so 13 times. This has to be the first time since the coin’s launch in December 2019 that the price hasn’t doubled.
However, financial analyst Dara Gadziala, the co-founder of the crypto and stock market firm The Bomb Hustle, predicted that HEX will soon see a “big downturn” in an exclusive interview with Watcher Guru.
According to a crypto analyst, here’s why HEX has dropped.
HEX coin is indeed a FREE AIRDROP for Bitcoin holders. It is not an ICO, and where they will not require users to pay anything at any point during the process. Users can do the HEX CLAIM procedure safely OFFLINE, and Bitcoin investors will receive 10,000 HEX for each BTC they own.
Within the first year of its existence, HEX was only accessible to Bitcoin holders. They withhold 90% of the collected HEX for a year during this phase. They give all coins not collected by Bitcoin holders before the end of the first year to other HEX players with active stakes.
HEX is based on “stakes,” and the majority of investors’ stakes expired in October. After the stakes came to an end, Gadziala revealed that investors took their winnings, resulting in a price drop.
She suspects some stakes concluded in October, but they may check the site to see when stakes end. They urge persons who possess large parts of land to sell them or to put an end to the stake in an emergency.
What to Expect?
Dara Gadziala believes that now that HEX is down -60% from its all-time high, a price comeback is in the cards. She added that, based on its charts, HEX normally moves in the opposite direction of the crypto market. When Bitcoin and Ethereum are rising, HEX usually falls.
She stated that as the stakes rise, people will undoubtedly take profits, but that in the long run, HEX will surpass most assets. It’s a certificate of deposit, not a meme coin.
Gadziala forecasted that those who bought the dips now will reap the benefits later when the market pulls back. When a wise investor believes in a project, he remarked, he takes earnings and buys the dips.
Examine the charts and patterns, as well as what HEX has done in the past following large pullbacks. The community is robust and eagerly awaiting the debut of PulseChain.
In addition, they might launch Richard Heart’s PulseChain in December 2021. However, an official confirmation of its production and release date will have to wait.
At the time of publication, HEX was trading at $0.22, up 1.75 per cent on the day.
