The overall crypto market started on the back foot this year as Bitcoin slipped below the $30,000 mark thrice. Though BTC is now above the $30K mark, fears are ripe that the leading crypto might dip again. Hex is on a downward spiral this year and fell dramatically in May as it slumped 57.3% in the indices. The recent fall made the crypto add an extra ‘zero’ and is now trading at $0.069.
While Hex looked ready to breach the $1 mark during September last year, its performance this year has been lackluster. However, investors are holding on to their portfolios with the hopes that an upcoming bull run will set the road toward $1. The main goal for Hex is to go above $1 and deliver the desired results to all its holders.
Read More: Terra Luna: South Korea to Launch New Crypto Oversight Committee
When Will Hex Reach the $1 Milestone?
Data and metrics website Gov Capital, which calculates prices based on algorithmic predictions, has predicted that Hex might reach $1 much sooner.
According to Gov Capital, Hex will trade around $0.90 to $0.95 next year during December 2023. The data and predictions suggest that Hex might briefly cross the $1 mark during the last few days of 2023. Crossing the $1 milestone could end up being Hex’s all-time high next year.
Predictions from Gov Capital also show that Hex will dip below the $1 in January 2024 but still trade around the same price.
The Highest of Stakes Documentary
Gov Capital has not taken the upcoming documentary The Highest of Stakes into consideration for their price predictions. The movie on Hex is currently being filmed and might see a release by the end of this year.
If the upcoming movie makes its way into Netflix, Amazon Prime, and Hulu as planned, its trading volume could see a dramatic increase. In return, its price could catapult to new heights and could reach $1 faster than Gov Capital’s prediction date.
The Highest of Stakes will showcase how normal day-to-day investors purchased mansions, and luxury cars and made millions of dollars after Hex reached its all-time high of $0.51 last year.
The upcoming movie also holds the keys to Hex breaching $1 as the crypto could reach the mainstream audience directly. At press time, Hex was trading at $0.069 and is down 13.4% in the 24-hours day trade.
Credit: Source link
