Hex added 3% to its value in the last 24 hours. The gains result from a CoinMarketCap error, due to which the token ended up getting listed in the top 10 by market cap by mistake. Its real ranking is #201 with a live market cap of $39.4 billion. This article discusses what Hex is, if it’s worth investing in, and the best places to buy Hex today.
Top places to buy HEX now
As HEX is such a new asset, it's yet to be listed on major exchanges. You can still purchase HEX using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy HEX right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEX
Head to 1Inch, and 'connect' your wallet to it.
4. You can now swap your ETH for HEX
Now that you're connected, you'll be able to swap for 100s of coins including HEX.
What is HEX?
Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain.
HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets.
HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.
HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism is contained in the HEX smart contract.
Should I buy HEX today?
Read a few price predictions before you make the decision to invest in Hex or any other crypto. They are very volatile and subject to unpredictable price swings in either direction.
HEX price prediction
Based on the forecasts of Price Prediction, a long-term increase is expected. They predict 1 HEX will trade for at least $0.33 by the end of 2022. The HEX price can reach a maximum level of $0.38 with the average trading price of $0.34.
In 2023, the price of HEX is predicted to reach at least $0.48 in 2023. The HEX price can reach a maximum level of $0.57 with the average price of $0.49 throughout 2023.
In 2024, the price of HEX will be at least $0.71 and at most $0.85. The following year, 1 HEX will pass $1 and trade for at least $1.05.
HEX on social media
only two lines matter for #hex pic.twitter.com/oa8WY1pOMi
— Pinocchio (@EncryptedDoll) January 7, 2022
