The HEX decentralized project founder is outspoken entrepreneur and investor Richard Heart. Heart launched HEX in 2019, and followed it up with the creation of the PULSE token a couple of years later. The APY on staked HEX is set at 38%, while its annual inflation rate is published as 3.69%.
Currently, the RSI value is at 47.86, which indicates that the HEX market is in a neutral position. In the last 24 hours, HexCoin was most traded on Uniswap v3 , SuperEx, and Tokpie. The most traded HexCoin pairs in the last 24 hours are HEX/WETH, HEX/USDT, and HEX/USDC. The Relative Strength Index is at 33.78 at the time of writing and has a downward movement. However, a general market retracement could affect the price positively.
Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Comparing HEX against other important technological innovations and trends is one way of predicting where the HEX price could head over hexcoin price the long term. View the total and circulating supply of HEX, including details on how the supplies are calculated. According to the platform’s roadmap, a demo voting platform will be released in the 2nd Quarter, while token staking will go live in the 3rd Quarter.
How is HEX correlated to other assets?
50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the HEX price moves above any of these averages, it is generally seen as a bullish sign for HEX. Conversely, a drop below an important moving average is usually a sign of weakness in the HEX market. HEX traders use a variety of tools to try and determine the direction in which the HEX market is likely to head next. These tools can roughly be divided into indicators and chart patterns. Moving averages are among the most popular HEX price prediction tools.
The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 24 hours ago. Crypto projects and prices are subject to macroeconomic factors, investors’ sentiments, and supply and demand laws.
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You can predict cryptocurrency prices by considering both on-chain and off_chain metrics, as well as technical indicators that take into account HEX’s past price performance. Another tool you can use is to gauge the market sentiment to see whether investors are optimistic or pessimistic about HEX. Keep in mind that there is no way to predict the future with 100% success, and past performance is no guarantee of future results. Some traders use different moving averages than the 50-day and 200-day SMAs to define death crosses and golden crosses.
As the name suggests, a moving average provides the average closing price for HEX over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for HEX is a sum of HEX’s closing prices over the last 12 days which is then divided by 12. Moving averages are a popular indicator in all financial markets. The purpose of a moving average is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average and exponential moving average .
Market cap is calculated by multiplying the asset’s circulating supply with its current price. The percent change in trading volume for this asset compared to 1 hour ago. HEX is the first cryptocurrency with a chart of its future locked supply.
An overview showing the statistics of HEX, such as the base and quote currency, the rank, and trading volume. Use the calculator to convert real-time prices between all available cryptocurrencies and fiat. Note that cryptocurrencies are volatile and can change from predicted price behavior. Thus, adequate risk management strategies and comprehensive analysis must be adopted before investing. May 2023 will likely usher in a further price increase for the asset as it gains more value in the open market.
Since the HEX market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on HEX’s price movements. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the HEX price. Currencies that are positively correlated with HEX indicate that the movement of one has a statistically significant weight to lead the other in the same direction. The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought .
However, the Fear & Greed Index, showing 63 , could signify short-term recovery for the coin in the nearest days. The MACD indicator shows that the MACD is below the signal line, suggesting a potential sell opportunity. The histogram level is high, indicating a strong buy opportunity. The histogram level is also below zero, which indicates a downtrend momentum. At the time of analysis, the RSI is at 50.31, slightly above the neutral zone. Therefore, this shows that $PEPE is not in the overbought zone or the oversold zone.
The market capitalization of HEX can change significantly in a short period of time. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular. Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition.
- HEX was launched in 2019 and is recognized as the first official blockchain certificate of deposit .
- There are currently 0 HexCoin coins circulating out of a max supply of 0.
- Nevertheless, they could experience drastic price gains following positive news in the market.
- HEX traders use a variety of tools to try and determine the direction in which the HEX market is likely to head next.
Nevertheless, they could experience drastic price gains following positive news in the market. HEX is an Ethereum-based cryptocurrency token and is therefore tradeable with other ERC-20 tokens directly on the blockchain network. HEX tokens can be staked for up to several years, with interest rates depending on the length of the approved locked staking periods.
BOBO Token Price Prediction For May
Active Miners get to mint extra rewards for themselves when other miners mint their rewards earlier or later than they committed to. The table above shows the number of days which HEX closed above a certain price level. HEX produces its own wallet software that is available for download on its website, which allows you to store HEX on your computer. It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase.
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However, its price action depends on the strength of its community and general adoption. Hex’s Moving Average Convergence/Divergence is below the signal line, confirming the current bearish state of the coin. The bold red bar on the histogram hints at more price decline for Hex in the coming days.