Richard Heart’s HEX Now Trading For Less Than 1 Satoshi After 52% Drop

[sirty143]

Bitcoin’s (BTC) smallest denomination is now worth more than an entire unit of altcoin Hex (HEX) after the controversial token lost over 50% in a day.

Data from Coinmarketcap and other sources confirm that HEX/BTC is now below 1 satoshi — or 0.00000001 BTC.

HEX price too small to measure

Put in different terms, the price of a single HEX token has become so small that many price calculators cannot measure its value. On Jan. 5, Hex traded at 7.745e-9 BTC according to Coinmarketcap, the equivalent of 0.000000007745 BTC.

That number, of course, is far below a single U.S. dollar cent, and roughly translates as $0.000058. Data from Bidesk, an exchange offering the HEX/BTC pair, confirmed the price levels. See more for yourself here.

[Fenix]

Perhaps this is not surprising now. In the current state of the market, almost all new tokens invariably fall in price by 70-90 percent, and sometimes up to 98 percent. On the other hand, it is now very profitable to invest in promising projects of altcoins that will be developed. The main thing now is to correctly identify such promising projects.

[Zed0X]

So much for this "promising token" or "project with potential" lol

Well, this is to be expected when the token was shit from the very start with plenty of scam accusations. This is another proof that no weak projects will have plenty of community support. I guess that's a good sign that we, as a crypto community, is learning from the past.