The HEX cryptocurrency exploded 20% on Wednesday, October 18th, trading around $0.004239 on the Ethereum network. HEX has now gained over 40% in the last 7 days amid a renewed hype surrounding the token.
Crypto analyst KatieePCrypto, who has over 32,000 followers on Twitter, commented on the price spike, stating: “HEX on ETH is just letting everyone know you can’t get rid of it that easy! Haters gonna hate.” Other traders are also taking note of HEX’s resurgence, with one commenting “One small pump and we are trending Worldwide. Some people have no idea how HUGE PulseChain will be this cycle! This community is unstoppable!”
HEX became one of the most talked about cryptocurrencies on Twitter following the price surge. Some speculate this renewed interest was driven by the HEX community itself.
In addition to its gains on Ethereum, HEX has seen notable increases on other networks over the past week:
- HEX on PulseChain is up 22% in the last 5 days
- PulseChain is up 16% for the week
- PulseX is up 22% for the week
Richard Heart, the controversial founder of HEX, has long been a polarizing figure in the crypto space. Heart has repeatedly engaged in feuds with other crypto influencers and projects, most notably with Ethereum co-founder Vitalik Buterin. He has also received criticism for HEX’s incentive structure and claims that it is not a pyramid scheme, as well as for his aggressive social media presence.
However, the recent price action shows HEX regaining momentum after a period of stagnation. Speculation around the potential of PulseChain, a fork of Ethereum that HEX will exist on, may be fueling additional interest. The vocal HEX community has likely contributed to the social media buzz surrounding the token’s resurgence. It remains to be seen whether this growth is sustainable long-term or just a short-term spike.
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