It has been a year since Hex hit its all-time high of $0.51 and the crypto has only tanked on that. During the May 2022 market crash, Hex added another ‘zero’ to the indices and is now hovering around $0.03. As the cryptocurrency rallied in 2021, leading investors to believe the $1 milestone isn’t hard to reach, markets gave the forecast a reality check. Hex is dwindling and testing the patience of investors who have entered an entry position during the ATH period.
Also read: Hex founder Richard Heart predicts when Ethereum could bottom out
When does Hex reach $1?
Cryptocurrency Algorithmic Prediction Service Gov Capital has predicted that Hex could reach $1 by September 2024. That’s two years from now and has predicted that crypto will largely lag behind in 2023.
Gov Capital has also forecast that Hex could reach the $2 milestone sometime in July 2026.
The platform was largely bullish on Hex, suggesting that the price could move north soon. The forecast suggested that long-term holders could be richly rewarded when the crypto hits some digits in the indices. It is caught in the crossfire of bearish markets in 2022 and cannot recover like it did in 2021.
Also read: Hex Founder Richard Heart Says Bitcoin Will Bottom Out At These Levels
Hex may have been the only asset to double in price roughly every 48 days between 2020 and 2021. Hex doubled in price 13 times during this period, earning early investors enormous wealth. The crypto has a larger-than-life following and investors firmly believe it could repeat its price doubling.
Here’s a timeline of how Hex doubled in price roughly every 48 days, 13 times between 2020 and 2021.
At the time of writing, Hex was trading at $0.03 and was down 3.8% in 24-hour trading. The cryptocurrency is also down 93.6% from its all-time high of $0.51, which it reached in September last year.
Disclaimer: The information in this article should not be construed as financial advice.