Understanding Coin Market Cap Hex and Its Value

Author

Reads 939

Gold Round Coins on Black Surface
Credit: pexels.com, Gold Round Coins on Black Surface

Coin Market Cap Hex is a way to represent the market capitalization of a cryptocurrency using a six-digit hexadecimal code. This code is a unique identifier for each cryptocurrency.

The first two digits of the code represent the market capitalization in billions of US dollars. For example, a code starting with "01" represents a market capitalization of $1 billion.

Each subsequent digit represents a further decrease in market capitalization, with the sixth digit representing a value of $1 million. This system allows for a quick and easy way to compare the market capitalization of different cryptocurrencies.

Founders and History

Richard Heart is the founder of HEX, a serial entrepreneur and high-profile crypto personality. He's also the founder of the PulseChain network, which raised over $27m for medical research.

HEX was initially called "Bitcoin Hex" and aimed to redistribute the wealth of the Bitcoin ecosystem. It launched in December 2019.

The first exchange rate of HEX was $0.00456, and it went on to reach a high of $0.4834 in September 2021.

You might enjoy: Why Are Bitcoins so High

Who Founded?

Close Up of Bitcoin and Etheroum Crypto Currency Coin
Credit: pexels.com, Close Up of Bitcoin and Etheroum Crypto Currency Coin

Richard Heart is the founder of the HEX blockchain. He's also known as Richard Schueler, a serial entrepreneur with a background in crypto and philanthropy.

Richard Heart is a high-profile crypto personality on Twitter and YouTube. He's also the founder of the PulseChain network, which raised over $27m for medical research.

The HEX project was initially called "Bitcoin Hex" and aimed to redistribute the wealth of the Bitcoin ecosystem.

History

HEX was launched in December 2019. This marked the beginning of HEX's journey, although data only starts being tracked from June 2020.

The first recorded exchange rate of HEX was $0.00456. This is significant because it sets the stage for the price fluctuations that followed.

HEX's lowest price was $0.000969, recorded in August 2024. This is a stark contrast to its highest price of $0.4834, reached in September 2021.

In the first year for which we have data, the HEX price closed at $0.0142, a 310.62% increase from its opening price. This impressive growth is worth noting.

How It Works

Credit: youtube.com, Why is Market Cap IMPORTANT In Crypto? (BEST Explanation in 3 minutes)

HEX uses the Ethereum network for its transaction layer, and the consensus code and betting mechanism are contained in the HEX smart contract.

The HEX smart contract is designed to follow a proof-of-wait (PoW) protocol, which allows investors to mint new coins for holding HEX during a fixed holding period.

HEX tokens were created and put into circulation through the Adoption Amplifier, and the first tokens were created through the Free Claim at a rate of 10,000 HEX per bitcoin.

Participants can choose to send ETH to an address and get HEX tokens in exchange using the Adoption Amplifier.

Once the holding period ends, the HEX smart contract creates new coins to pay off the holder, who then becomes a "miner" in this ecosystem.

Check this out: New Coin Market Cap

Investing and Buying

To invest in HEX, you can buy it from various crypto exchanges. You can trade HEX on HitBTC, Bitcoin.com Exchange, BitMart, Uniswap (V3), and xt.com.

HEX can be purchased from many crypto exchanges at any time. Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy HEX.

Credit: youtube.com, What's wrong with CoinMarketCap!? (Captain RG3, Clay from nomics.com)

Among the top exchanges for buying and selling HEX, Binance, Kraken, and Kucoin are currently the most active and dominating exchanges. The most popular HEX trading pairs are HEX/USDT.

Here are some of the most similar market capitalization assets to HEX available on CoinStats:

Data and Statistics

The current price of HEX is $0.00230 USD, which is down by -11.01% over the last 24 hours.

HEX's market capitalization is currently 0 USD, ranking it at #3972. The 24-hour trading volume is $136,178.48 USD.

According to the historical data, HEX's price has fluctuated significantly over the past few months, with a high of $0.00494 USD on December 20, 2024, and a low of $0.00225 USD on January 10, 2025.

Here's a breakdown of HEX's daily trading volume for the past few months:

The total supply of HEX is 633.54B, with a maximum supply of 0.

Statistics

The HEX price has fluctuated significantly over the past few weeks, with a current price of $0.00230 USD. This is a 11.01% decrease from the previous day's price.

Credit: youtube.com, What is Statistics? A Beginner's Guide to Statistics (Data Analytics)!

The market capitalization of HEX is currently ranked at #3972, with a market cap of 0 USD. This is a notable position in the market.

HEX has a total supply of 633.54B, with no maximum supply. This is an interesting dynamic in the market.

The hourly rise in HEX price has been 1.41% over the past 24 hours. This is a significant increase in a short period of time.

Here are the top 5 highest market capitalizations for HEX:

The HEX price has fluctuated between $0.00320 and $0.00494 over the past few weeks. This is a significant range in price.

The highest market capitalization for HEX was $1.1 bn on December 16, 2024.

Check this out: 1 Inch Coin Market Cap

Lowest Value

The lowest value of HEX was $0.0000145, an all-time low.

This is a significant drop from the cryptocurrency's peak, highlighting the volatility of the market.

HEX's all-time low is a stark reminder of the risks involved in investing in cryptocurrencies.

Credit: youtube.com, Quantitative Data Made Simple Using Descriptive Statistics to Summarize Your Finding

The price of HEX has fluctuated over time, but $0.0000145 remains the lowest recorded value.

It's essential to keep in mind that cryptocurrency prices can change rapidly, making it crucial to stay informed.

HEX's all-time low is a specific data point that can be used to understand the cryptocurrency's performance over time.

Returns and Performance

In 2021, HEX had its best year, with a significant price increase. The highest price recorded for HEX was $0.4834 in September 2021.

HEX's monthly returns chart shows that the best month for the coin was July 2020, with a 33.82% increase in price. On the other hand, the worst month was August 2022, with a -53.95% decrease.

Here's a breakdown of HEX's best and worst years:

Note that the best and worst months vary from year to year, indicating a volatile market for HEX.

Yearly Returns

The best year for HEX was 2021, with a significant increase in value.

Credit: youtube.com, Your 'Average Annual Return' is a Lie

In contrast, the worst year was 2022, which saw a decline in the token's value.

HEX's performance varied greatly from year to year, with 2023 showing a notable increase in value.

Here's a brief summary of HEX's yearly returns:

The HEX token's performance was highly volatile, with significant fluctuations in value from year to year.

Prediction

The current price of HEX is $0.00230, which is a significant drop of -11.01% in the last 24 hours.

The cryptocurrency market is known for its volatility, making it difficult to predict price movements.

HEX's price has fluctuated rapidly, and predicting its future price requires expertise and knowledge.

In the last 24 hours, HEX's price has decreased by -11.01%, showing the market's unpredictability.

The cryptocurrency market is a complex system, and even experts can't accurately predict price movements.

HEX's price is subject to change at any moment, making it essential to stay informed about market trends.

Risk and Safety

HEX's price has decreased by -20.42% in the last 1 year, which may be a concern for investors.

Credit: youtube.com, Binance.US & CoinMarketCap Face Class-Action Lawsuit Over Alleged HEX Manipulation

The 200-Day Simple Moving Average (SMA) is at $0.00239, and HEX is currently trading -3.73% below it.

The 14-Day Relative Strength Index (RSI) is at 29.87, indicating that the cryptocurrency is currently in a buy zone and may trade sideways.

The number of green days in the last 30 days is 9, which is 30% of the total days, showing some stability in the market.

For safe storage of HEX, consider using Ledger or Trezor hardware wallets, which are considered some of the safest options.

Risk Analysis

In the world of cryptocurrency, it's essential to understand the risks involved. The price of HEX has decreased by -20.42% in the last 1 year.

One indicator of a cryptocurrency's risk level is its trading performance relative to its 200-Day Simple Moving Average (SMA). HEX is currently trading -3.73% below its 200-Day SMA, which is $0.00239.

The Relative Strength Index (RSI) is another crucial metric for assessing risk. The 14-Day RSI for HEX is at 29.87, indicating that the cryptocurrency is currently in a buy zone and may trade sideways.

A cryptocurrency's trading history can also provide valuable insights into its risk level. In the last 30 days, HEX has had 9 green days, which is 30% of the total.

Safest Hardware Wallets for Keeping

Credit: youtube.com, 5 Things NO ONE KNOWS About Hardware Wallets

If you're looking for a safe way to store your HEX, I'd recommend checking out Ledger and Trezor, two of the most popular and safest hardware wallet options on the market.

According to an in-depth review process and testing, these wallets are top-notch for keeping your HEX secure.

Ledger and Trezor have been thoroughly tested and reviewed, and they're widely regarded as some of the safest hardware wallets available.

For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.