Why HEX Price is Rising & Discouraging Dips
People are excited about Bitcoin and other cryptocurrencies but ignorant of the fact that they are other things far more exciting going on in crypto than that.
NOT A FINANCIAL ADVICE
Hex is an ERC-20 that was launched by Richard Heart in 2019. This platform is assumed to work on the system of blockchain certificate of deposit. That is, Hex rewards Stakers instead of Miners which encourages investors to hold and get amazing interest. For as long as investors hold their stake and Lock them away, they will keep getting more interest. This makes selling difficult and makes the token more scarce thereby driving the price up. This means that your stake and holdings increase in quantity and in value while you hold them.
During the crypto wild dip it is interesting to know that HEX was hitting a new All Time High while other cryptos were dipping profusely. When you observe the Hex Price history and chart you will see that Hex hasn’t gone six months without making a new all time high price. This is because, more buyers keep buying and piling and not selling.
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There are penalties when people withdraw early so Pump and Dump is not encouraged on Hex. 50% of all penalties gotten from Hex early selling get returned as interest to Stakers. The penalties for early unstaking:
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