, 2023-01-25 07:08:15,
This article examines the middling performance of tokens like Hex Coin (HEX) and Ripple (XRP), which have provided investors with minimal growth rates despite strong fundamentals. On the other hand, Orbeon Protocol (ORBN) has emerged as one of the top coins to look out for this year following predictions it could increase by up to 6000%. Read ahead to know more.
Hex Coin (HEX) is an ERC20 token built on the Ethereum network. As the blockchain equivalent of the Certificate of Deposit used in conventional financial markets, Hex Coin (HEX) is intended to serve as a store of value in lieu of the financial instrument.
The growing DeFi (Decentralised Finance) ecosystem in cryptocurrencies, on the Ethereum network, is another advantage that Hex Coin (HEX) is intended to exploit. The recent market performance of Hex Coin (HEX) has been worrying the investors as the token is decreasing rapidly.
Hex Coin (HEX) is currently trading for $0.21, which is a decline of 1.1% from a day earlier, from the time of writing. While Hex Coin (HEX) was priced at $0.29 last month, it has now slumped by over 27.5% in market value. The current price of Hex Coin (HEX) is also a 96.2% decline from its all-time high of $0.55. It is forecasted that Hex Coin (HEX) could improve and reach $0.4 this year, but it is not a satisfactory growth rate for investors. Thus, it will be best to think twice before investing in Hex Coin (HEX).
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