Richard

Rally

Show

Coin

<p>The largely abandoned cryptocurrency HEX has seen an odd 46% price surge over the last 24 hours. This is despite many writing off the project as ‘dead’ long ago.</p> 
<p>HEX hit a high of <strong>$0.008576</strong> before pulling back slightly. Up significantly from the recent low of <strong>$0.005543</strong>. Trading volume also jumped over <strong>133%</strong> to $4.1 million.</p> 
<p>This activity seems questionable for a few reasons:</p> 
<ul> 
 <li>HEX has been in a long-term downtrend with waning developer and community activity. Many consider the project essentially abandoned.</li> 
 <li>Founder Richard Heart remains mired in legal troubles with the SEC over alleged securities fraud.</li> 
 <li>Speculation is rampant that Heart or insiders are artificially pumping the price to appear active.</li> 
 <li>Technicals show the price has struggled to break key resistance levels despite the pump. Indicating weak underlying momentum.</li> 
 <li>Trading volume, while up, remains extremely low for a cryptocurrency with a $500 million market cap.</li> 
 <li>Social media and online discussion of HEX remains minimal. Suggesting little real renewed interest.</li> 
</ul> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="636" src="https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-1024x636.png" alt="" class="wp-image-417789" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-1024x636.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-300x186.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-766x476.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-1536x954.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-2048x1272.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-242x150.png 242w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-100x62.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-564x350.png 564w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71-788x489.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-71.png 760w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em><strong>Source: <a class="thirstylink" rel="nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p> 
<p>While occasional pumps are possible even for ‘dead’ coins, HEX’s overall decline remains the overarching story. Traders should be wary of reading too much into this sudden but questionable rally.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>Fundamental improvements would need to materialize for any lasting turnaround. But with its tarnished reputation and inactive development, lasting adoption looks unlikely. The SEC case also hangs over the project ominously. For now, it’s best to remain skeptical of HEX’s supposed revival.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/false-alert-sec-refutes-unauthorized-bitcoin-etf-approval-tweet/" target="_blank" rel="noreferrer noopener">False Alert: SEC Refutes Unauthorized Bitcoin ETF Approval Tweet</a></li> 
 <li><a href="https://captainaltcoin.com/cardano-price-action-echoes-its-2018-2020-pattern-analyst-says-ada-could-consolidate-at-current-levels-till-this-date-if-the-trend-continues/" target="_blank" rel="noreferrer noopener">Cardano Price Action Echoes Its 2018-2020 Pattern, Analyst Says ADA Could Consolidate At Current Levels Till This Date If The Trend Continues</a></li> 
 <li><a href="https://captainaltcoin.com/bonks-bonk-price-correction-begins-nuggetrush-nugx-tipped-for-a-55x-rally-after-launch/" target="_blank" rel="noreferrer noopener">Bonk’s (BONK) Price Correction Begins – NuggetRush (NUGX) Tipped for a 55x Rally After Launch</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-is-dead-hex-coin-pumping-in-price/">Why is ‘Dead’ HEX Coin Pumping in Price?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is ‘Dead’ HEX Coin Pumping in Price?

Table of Contents

CaptainAltcoin

Other articles published on Jan 10, 2024

SEC approves spot Bitcoin ETF on accelerated basis

Top Crypto Alternatives Poised to Outshine the Rise of Bonk

Balancer Crypto: Will BAL Crypto Price Shoot Up or Hover?

Singapore regulator adds imToken crypto wallet to Investor Alert List

Bitcoin Spot ETF: SEC Mishap Triggers $220 Million In Crypto Liquidations

US SEC Posted Fake Spot Bitcoin ETF Approval Tweets, Multiple Applicants Lowered Fee

Join our free newsletter for daily crypto updates!