It uses a proof-of-stake mechanism to reward token holders with more HEX tokens in its (DeFi) ecosystem. HEX is the utility token of the HEX ecosystem built on the Ethereum blockchain.
The blockchain is the first to have a deposit certificate. It also executes transactions at fast rates with cheaper fees, giving it an edge over competitors with the same staking capability. With the features of the blockchain, the crypto asset is a good asset for investment.
However, many factors could affect its value in the future. To help investors make informed decisions, we have put up some useful information on the token in this article.
The article contains HEX price predictions for 2023, 2024, 2025, 2030, what HEX Coin is, the token’s price history, among others.
Hex Price Prediction Summary
- Crypto experts believe it could perform well due to its potential.
- HEX price predictions for the following years are based on collaboration with financial institutions, network development, and community funding.
- The HEX Coin price predictions are also based on the anticipation of the approval of Bitcoin ETF by the SEC.
- In 2023, if the SEC approves Bitcoin, the price of HEX is forecasted to boost, reaching a high of $0.0199.
- In 2024, if the network partners with financial institutions, it could gain more adoptions and increase value.
HEX Coin Market History
HEX Coin started gaining traction in the third quarter of 2021 due to market sentiments and recorded impressive value growth. It rose from $0.013 to $0.37 price levels and recorded an all-time high in September 2021 at $0.51.
Considering its all-time low of $0.000057 in the first quarter of 2020, it means the asset had an astonishing 89,373% gain. This was a huge return on investment to investors who bought the dip in 2020.
However, it could not maintain the bullish momentum throughout 2021, dropping to $0.17 in December. In 2022, the downward trajectory continued despite several attempts the bulls made to recover the losses in 2021.
According to TradingView, between August 2022 and January 23, 2023, the token maintained price stability around $0.022 to $0.049. Remarkably, in 2023, HEX also joined other cryptocurrencies that kick-started the first quarter with a bull run.
This lasted a few weeks until March 27, when it started retracing from the bullish trend. On May 8, it recorded a huge loss, falling from $0.066 to $0.028, representing a price loss of 152% in a day.
Since then, the market value has kept depreciating. Its value today, October 02, 2023, is $0.0035 at 06:00 AM EST. This marks a loss of 1.1% in the last 24 hours and a loss of 99% from the token all-time high value in 2021.
HEX Coin Price History Key points
- The token gained traction in the third quarter of 2021 and rose from $0.013 to $0.37, marking a 28% price gain.
- It recorded an all-time high of $0.51 in 2021, which amounted to an enormous gain of 89,373% from its all-time low.
- The price slumped later in 2021 and continued throughout 2022.
- On May 8, 2023, it recorded a drop in market value, resulting in a 152% price loss within 24 hours.
- It is currently at a $0.0035 price level.
HEX Coin Forecast for 2023 – 2030
HEX Coin Forecast for 2023
With the bullish state of the general crypto market and the expected Bitcoin ETF approval, the HEX price prediction is realistic. However, some other price-affecting metrics could alter the forecast in the future.
Until then, HEX is predicted thus: If the SEC approves Bitcoin ETF, it could record a maximum price of $0.0199 following positive market sentiment. But, if some depressing events happen before the end of this year, HEX could record a yearly low of $0.0031 or below.
The table below shows the monthly HEX price forecast for 2023 from October to December.
| Month | Average Price | Possible High | Possible Low |
| October 2023 | $0.0123 | $0.0182 | $0.0082 |
| November 2023 | $0.015 | $0.0199 | $0.0069 |
| December 2023 | $0.0082 | $0.018 | $0.00698 |
HEX Price Prediction for 2024
The price forecast of HEX in 2024 is feasible following the growing interest of financial institutions in crypto assets in 2023 and is expected to increase in 2024. If the network collaborates with financial institutions, it could boost adoption and drive the asset’s value to higher price levels.
Another interesting factor that could make HEX price prediction for this year positive is its potential to revolutionize the payment system.
If it continues to innovate the network, more investors might find the project interesting and invest in it. This could also boost its adoption and…
Read More: HEX Price Prediction 2023 – 2030