HEX Crypto Price Jumps 7% After Ben Armstrong Affirms HEX Is Not A Scam Amid SEC Case
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He also frequently shares technical details and performance indicators of ICOs and IDOs. BitBoy Crypto has noted that HEX peaked at an $80 billion market cap during its previous bull run, but lost value along with other cryptocurrencies soon after.
- According to the lawsuit dated July 30, 2023, he is accused of raising over $1 billion through unregistered securities.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
- HEX cryptocurrency has received an endorsement from BitBoy Crypto, resulting in a price surge of over 8.2%.
- Hexx (HXX) is the #1255 largest cryptocurrency by market cap as of January 28, 2024, with a market cap of $780,229.76 USD.
View the total and circulating supply of HEXX, including details on how the supplies are calculated. An overview showing the statistics of HEXX, such as the base and quote currency, the rank, and trading volume. There are several actions that could trigger this block including submitting a certain word or phrase, https://cryptolisting.org/ a SQL command or malformed data. Armstrong noted that Heart’s point was “decent” as he differentiates between scams and Ponzi schemes, believing that not all Ponzi schemes are fraudulent. However, he warned that the SEC Chairman Gary Gensler may view Heart’s statement negatively, considering it a “dirty” remark.
Price performance
You can store coins on exchanges after purchase but we recommend using a dedicated wallet for security and long term storage. They are the best choice for those storing a lot of value or planning to hold long term. Moreover, BitBoy Crypto noted that the HEX “system has never failed” and stakers have always received their tokens at the unlock time they agreed on. HEX cryptocurrency has received an endorsement from BitBoy Crypto, resulting in a price surge of over 8.2%. Despite being sued by the SEC, HEX founder Richard Heart has received praise for his previous successful bull run. The HEX cryptocurrency has seen a price recovery after a recent endorsement from BitBoy Crypto on YouTube.
Heart is charged with engaging in a fraud worth at least $12 million for a lavish lifestyle. Armstrong noted that Heart has a ‘decent’ point here since he draws a line between scams and Ponzis since he believes not all Ponzi schemes are frauds. However, he stated that the SEC Chairman Gary Gensler wouldn’t consider the statement in a positive way and could deem it nothing but a ‘dirty’ remark.
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What Is Hexx’s Price Today?
The reversal could have been spurred due to a strong statement by Ben Armstrong, better known as ‘BitBoy Crypto’. In his latest YouTube video, Armstrong deemed HEX as a legitimate project, marking a positive development for the crypto’s supporters. In the video, he hxx coin price added that HEX is a crypto-based take on Certificate of Deposit (CD), a traditional financial instrument. Armstrong further noted that even though the numbers sound “too good to be true,” HEX stakers have generally profited from staking despite the price slump.
Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges. Hexx (HXX) is the #1255 largest cryptocurrency by market cap as of January 28, 2024, with a market cap of $780,229.76 USD. Whilst, he also mentioned that the HEX crypto lost significant value after that along with other digital currencies. Furthermore, Armstrong stated that HEX staking offers “insane yields” with nearly 50% APY. HEX (HEX), an ERC-20 crypto launched by Richard Heart in 2019, has recently witnessed its price rebound from significant losses incurred this week.
Securities and Exchange Commission (SEC), HEX founder Richard Heart has received praise for his previous successful bull run. HexxCoin is a secure, blockchain-based system and decentralized network with a proof-of-stake consensus and all of the functionality of competing payment coins. The HEX Founder is currently facing an SEC lawsuit for alleged fraud in his crypto projects Hex, PulseChain, and PulseX. According to the lawsuit dated July 30, 2023, he is accused of raising over $1 billion through unregistered securities.
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss. BitBoy Crypto also emphasized that the HEX system has never failed and stakers have always received their tokens at the agreed-upon unlock time. However, the staking model has recently generated controversy, partly due to Heart’s high-profile personality. Armstrong also spoke of the “insane yields” offered by HEX staking, which provides nearly 50% APY. HEX is like a crypto-based Certificate of Deposit that has generally been profitable for stakers, despite accusations of being a Ponzi scheme.