HEX (HEX) Price Prediction: Will HEX Price Hit $0.22 in 2022?

• HEX (HEX) price prediction ranges from $0.02762 to $0.14688.
• Analysis suggests that the HEX price might reach above $0.22 soon.
• The HEX bearish market price prediction for 2022 is $0.02762.

If you want to diversify your holdings and experience with different cryptocurrencies, there are several alternative digital currencies to explore besides Bitcoin (BTC) and Ethereum (ETH). HEX (HEX) is one of them.

Investors that lock their tokens for a certain amount of time receive an interest rate premium comparable to traditional fixed deposits. Users can store any number of HEX tokens in HEX CD anytime, between 1 and 5,555 days.

The HEX platform was created to eliminate investment reliance on third parties and intermediaries. HEX empowers its investors by displaying its future-locked supply chart. An investor may anticipate when huge stakes will expire and arrange investments accordingly. Furthermore, HEX is based on a decentralized Blockchain, resulting in transparent transactions and open user history.

If you are interested in the future of HEX and want to know their predicted value for 2022, 2023, 2024, 2025, and 2030 – keep reading!

What is HEX (HEX)?

HEX is an ERC20 token that was released on the Ethereum network. As the blockchain counterpart to the Certificate of Deposit used in traditional financial markets, HEX intends to be a value store. HEX also wants to capitalize on the Ethereum network’s burgeoning DeFi (Decentralized Finance) ecosystem in cryptocurrency.

The HEX smart contract contains the consensus code and staking mechanism. In contrast, the Ethereum network is used for the transaction layer (sending and receiving HEX tokens and communicating with the HEX smart contract).

HEX allows users to stake their HEX coins in exchange for a part of the new HEX currency supply or inflation. It includes measures designed to reward price appreciation and disincentivize price damage. The HEX smart contract penalizes stakers who cease their stake early and rewards those who stake larger quantities of HEX for longer periods.

Because it employs Ethereum security, HEX cryptocurrency is faster, cheaper, and more secure than Bitcoin. HEX is built on Ethereum, a Proof of Work blockchain with more decentralized hashing power than Bitcoin. BTC devalues its price by providing inflation to miners, who must sell Bitcoins in the market to pay for electricity and equipment they use. 

Unlike BTC, the HEX code is immutable and open source. It is an externally audited token, and Chainsecurity and CoinFabrik have audited Hex’s security and economy. Hardware wallets such as Trezor and Ledger can be utilized with MetaMask for tokens such as HEX and ETH.

Users can convert Ethereum straight into HEX by eliminating intermediaries. Kick-start adoption provides free HEX to Bitcoin owners. This benefits minor market participants while penalizing Bitcoin whales. Early claimants are rewarded, whereas late claimants are penalized. 

HEX (HEX) Current Market Status

HEX (HEX) was ranked 202nd on CoinMarketCap, with a market capitalization of $5,520,371,053.42. This means there are 173,411,074,413 HEX in circulation. The 24-hour trading volume for HEX is $4,168,285, which increased by 64.37% in the past 24 hours. HEX (HEX) has gained 2.47% of its value over the past 24 hours.

Uniswap, SushiSwap, Poloniex, QuickSwap, and Bitget are now the best exchange to buy and trade HEX.

HEX (HEX) Price Analysis 2022

Will HEX’s most recent improvements, additions, and modifications help the HEX price rise? First, let’s focus on the charts in this article’s HEX price forecast.

HEX (HEX) Price Analysis – Keltner Channel

When the price of an asset is displayed between two bands representing its volatility, the Keltner Channel may be used to discover a trend. The HEX/USDT Keltner Channel indications may be used to predict the future trend of the HEX price. Since HEX’s price is in the second half of the Keltner Channel, investors are dumping HEX rather than hodling it. Investors who want to maximize gains with minimal risk should wait for many candlesticks to form before taking your trade.

HEX (HEX) Price Analysis – Relative Strength Index

The 1-day chart shows an RSI value of 28.83. Currently, the RSI value is below 50, indicating buyers are unloading HEX rather than buying it. However, for a better risk-to-reward ratio, investors should consider a few confirmation candlesticks or patterns before taking your trade or buying to hodl it. 

HEX (HEX) Price Analysis – Moving Average

The 1-day chart above shows 200-day and 50-day Moving Averages (MA). At the time of writing, the chart above shows that HEX has been trading below the 50-day moving average and 200-day moving average since May 7, 2022.

There is a gradual approach to the 50-day moving average in the candlesticks’ behavior. This suggests that HEX attempts to recoup its big bearish trend by having a few retraces. We cannot foresee when the price will go bullish but investors should strive to get in after a few confirmation candles and patterns for a better risk-to-reward ratio.

HEX (HEX) Price Prediction 2022

The HEX/USDT daily chart indicates that HEX is now trading inside a bear flag. Nonetheless, it broke out of the previous structure and went lower. HEX might go as low as $0.0283660808, which is its current support. However, there is another possibility that HEX might reach its previous resistance of $0.0411714468. Nevertheless, the forecast for HEX’s price in 2022 remains positive.

HEX (HEX) Price Prediction – Resistance and Support Levels 

The chart above shows that the price of HEX has decreased in the past few months since September 2021. HEX has fluctuated between $0.02948 and $0.03527 over the past 30 days. It could break its $0.0171256459 support by 1 level and drop to a lower low of $0.0295830219.

If HEX cannot break the $0.0171256459 support level, the bulls may seize control and lift HEX higher. In simple terms, the price of HEX might reach $0.0411714468, indicating a bullish signal from the previous resistance level.

HEX (HEX) Price Prediction 2023

There is a chance that HEX’s RSI will be above 70 by 2022, indicating a strong bullish trend that should see prices over $0.0534864683 by 2022. Therefore, we should anticipate a minimum HEX price increase of $0.14688 by the end of 2023.

HEX (HEX) Price Prediction 2024

In 2024, the Bitcoin supply will be cut in half. As a result, we should predict a bullish market trend due to user emotion and investors’ desire to accumulate more of the coin. With Bitcoin’s price fluctuations influencing the value of other cryptocurrencies, we may assume that HEX will be valued at least $0.22066 by the year 2024.

HEX (HEX) Price Prediction 2025

It’s possible to expect HEX to trade at a premium to its price in 2024 if most cryptocurrencies can overcome psychological difficulties after Bitcoin’s price halving that year. As a result, some estimate that by the end of 2025, HEX might be worth about $0.3399.

HEX (HEX) Price Prediction 2026

As more and more institutional investors flock to the HEX platform, the cryptocurrency price will likely fall after a prolonged bull run ends in 2026. It would be a significant reversal of the trend, suggesting that the price of HEX may reach $0.4248 by 2026, even though the coin has generally depreciated during the same period.

HEX (HEX) Price Prediction 2027

Bitcoin’s halving in 2028 is expected to spark a bull market. As a result, if investors are optimistic, the price of HEX might continue rising and perhaps break over certain previously established psychological limits. The price of HEX (HEX) could reach $0.5329. It can break its current ATH.

HEX (HEX) Price Prediction 2028

Bitcoin will be halved in 2028. So, a bullish run could happen before the market settles down in 2027. As a result, HEX’s potential value of $0.67041 by 2028’s end is not out of the question.

HEX (HEX) Price Prediction 2029

By 2029, the value of most cryptocurrencies may have remained stable for over a decade due to the application of lessons learned to secure the ongoing trust of investors in the project. Because of this impact and the subsequent price increase that happens a year after Bitcoin’s price halves, HEX might reach $0.7421 by 2029.

HEX (HEX) Price Prediction 2030

Early investors wisely hung onto their cryptocurrencies to avoid missing out on future price increases, ensuring a steady market. Despite the weak market that followed an initial market bubble, the HEX (HEX) price may reach $1.038 by 2030.

Conclusion

HEX might reach $0.0534864683 in 2022 and $1.038 by 2030 if investors decide that HEX is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.