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Hex is ready to shoot past its last All Time High

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Staker Stacker
@ssjsasha
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2 min read

A lot of people who were blindly hating on HEX have started to turn around. There will be many who will never change their viewpoint and will always hate HEX, but since they never bought, they cannot dump the price.

There is a whale who had locked up over a billion coins and his contact was about to expire. HEX is transparent and verifiable, meaning a lot of people were on the sidelines waiting to see if the whale will dump the price and create a great buying opportunity to get a nice stash. Some even went as far as fronting running the whale, selling early hoping for the dip to come.

But the dump never showed up.

Instead, the whale restaked all of his HEX for 3650 days (10 years)

This means he was in it to win it, you cannot emergency unstake such a long stake without taking penalties so once the day turned over you will see on the chart that confidence was built and the price reflected that.

Richard Heart, creator of the HEX contract, is in process of hiring more developers (he has found a few already) to properly fork ethereum and have it run as POS instead of POW. The high fees on ethereum are draining around $15,000 from HEX users on a daily basis, that amount of money would be better off pumping the HEX price instead of being sent to ethereum miners to dump on the market to pay off their electricity bills.

It could be a few weeks, or a few years, but reducing the fees for HEX users will allow the little guy to stake his little $100 instead of being currently priced out of participating in short stakes.

I am sure anyone who built contracts on ethereum are aware that the costs for using business logic on ethereum were raised on the most recent fork and will be raised again by almost 3x next month. (April 2021)

I remain highly bullish on HEX and will be locking up my coins in exchange for T-Shares in order to enjoy the interest (inflation) that I will be getting paid.

Remember, I am not a financial advisor, and neither is anyone telling you to or to not buy into HEX or any other token, do your own research and come to your own conclusions.

Posted Using LeoFinance Beta