As the saying goes, ‘when the floor is lava, HEX becomes the shining city on the hill’. HEX spiked by 6.5% today after Bitcoin dipped by 5.5%, and in return dragged the entire market down along with it.
Only a handful of cryptos are trading in the green while the other tokens are bleeding out their profits. This isn’t the first time that HEX spiked while the market dipped. Multiple records show HEX chalking out a path of its own during turbulent times in the market. The crypto has always worked the opposite and investors bet on it while the market heads south.
HEX has also been delivering good returns to day-traders as it regularly spikes between 4% to 7% almost every two days. Day-traders who timed the market during HEX’s dips have mostly enjoyed profits in a short period. The crypto has a history of dramatically shooting up in price days just a few days after its dips.
The crypto has at present toned down in its dramatic price movements and is mostly trading sideways this year. Since its inception in December 2019 and up until September 2021, HEX doubled in price approximately every 48 days. Investors who took early entry positions during its initial days ended up making generational wealth all in a span of fewer than two years. HEX was arguably the only crypto with such a feat as it doubled in price 13 consecutive times.
It traded at less than a Cent during its launch and was a low-hanging fruit up for grabs. However, it touched the 1 Cent milestone in February 2021 and hit an all-time high of $0.51 in September.
Will HEX Reach $1?
The co-founder of stocks, crypto, and forex agency The Bomb Hustle, Dara Gadziala, previously predicted that HEX might reach $1 much faster than the other cryptos out there in a similar price format.
She revealed that HEX has the potential to withstand the whips of the crypto market and forge ahead in price. She stated that a bull run in 2022 could bring back its 2019-2021 glorious feat all over again. ”HEX has the real potential, as it pays people to stake their money and has the functionality and foundation to withstand the whips of the crypto market in the long run,” she said to IB Times.
For the uninitiated, HEX has a staking option that pays investors an interest amount on their holdings. This leads to investors gaining passive income depending on the time frame they choose.