HEX (HEX) Trading 21.6% Lower This Week

HEX (HEX) traded up 1.4% against the US dollar during the 1 day period ending at 14:00 PM E.T. on November 5th. HEX has a market capitalization of $954.64 million and $242,089.61 worth of HEX was traded on exchanges in the last day. In the last seven days, HEX has traded 21.6% lower against the US dollar. One HEX token can currently be bought for about $0.0017 or 0.00000002 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 2.9% against the dollar and now trades at $69,867.80 or 0.99751067 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2% higher against the dollar and now trades at $69,673.06 or 0.99473029 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About HEX

HEX launched on December 2nd, 2019. HEX’s total supply is 633,542,658,973 tokens and its circulating supply is 572,170,573,415 tokens. HEX’s official Twitter account is @hexcrypto and its Facebook page is accessible here. The official website for HEX is hex.com. The Reddit community for HEX is https://reddit.com/r/hexcrypto and the currency’s Github account can be viewed here.

According to CryptoCompare, “## What is HEX?

HEX is a cryptocurrency that was launched in December 2019. It is based on the Ethereum blockchain and uses a proof-of-stake consensus algorithm. HEX is designed to be a high-interest blockchain-based savings account, where users can earn interest by staking their HEX tokens for a set period of time. It has a fixed supply of 687,540,000 HEX tokens, which were distributed through a “free claim” process for Bitcoin holders and through direct purchase on cryptocurrency exchanges.

## Who created HEX?

HEX was created by Richard Heart, a well-known figure in the cryptocurrency community. Heart is a serial entrepreneur, author, and self-proclaimed “Bitcoin maximalist” who has been involved in the cryptocurrency industry since its early days.

## What is it used for?

HEX is primarily used as a high-yield savings account where users can earn interest on their holdings by staking their tokens for a set period of time. The longer a user stakes their tokens, the higher the interest rate they can earn. HEX is also traded on various cryptocurrency exchanges, where users can buy and sell the token for other cryptocurrencies or fiat currencies. However, it’s important to note that investing in HEX or any other cryptocurrency carries significant risks, and users should always conduct their own research and due diligence before investing.”

Buying and Selling HEX

It is usually not presently possible to buy alternative cryptocurrencies such as HEX directly using U.S. dollars. Investors seeking to trade HEX should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy HEX using one of the exchanges listed above.

HEX/USD price chart by TradingView