HEX is having a phenomenal start this month as the crypto is shooting up in double digits in the indices. Since the last 7-trading days, HEX is up +40% and is displaying extreme bullish sentiments. The dramatic rise in price comes at a time when the entire cryptocurrency market is down. HEX is always known to go the opposite direction of Bitcoin and is staying true to its identity. BTC is down close to -3% today and the overall crypto market is trading in red.
HEX also reclaimed its territory on Crypto Bubbles and is the only crypto standing in green amidst the sea of red. Just a year ago, HEX took the top spot of the website for close to six months straight between February to August. Even the heatmap on Crypto Whale Bot shows HEX dominating the crypto-sphere this week.
Read More: Here’s How Many ‘Zeroes’ Shiba Inu Deleted From May 2021 to 2022
Should You Invest In HEX Now?
HEX is known to have wild swings in the indices and is capable of going both directions quite dramatically. The crypto is not for the faint-hearted and only those prepared to ride the wild swings are advised to put their money in it. At one moment, it could be -10% down and at another it could be +20% up. There is no middle ground to the crypto but it is known to reward those who like to take risks.
It is arguably the only crypto that doubled in price 13 consecutive times from its inception in December 2019 to September 2021. However, there’s no guarantee it could repeat the same feat again as the string of doubling in price has stopped.
Read More: Exclusive: Shiba Inu’s LEASH to be Listed on Vivid Money Soon
Nonetheless, HEX can be considered a long-term investment as it is capable of going parabolic during bull runs. When the overall crypto market recovers and moves ahead in price, HEX could do well and reach new highs. Its current price is still a low hanging fruit and could shoot up further when the next bull run starts.
At press time, HEX was trading at $0.17 and is up +1.17% in the 24-hours day trade. It is up +40% since the last 7-trading days and is also up +772.5% in the last 365-days.