Saturday, December 4, 2021
HomeNewsHEX Token Crashes Over 50% To Trade For Less Than 1 Satoshi

HEX Token Crashes Over 50% To Trade For Less Than 1 Satoshi

A satoshi is the smallest monetary unit of Bitcoin (BTC). It is currently the smallest level to which a Bitcoin can be divided to, and is equal to one hundred millionth of a Bitcoin or 0.00000001 BTC. On the 5th of January, 1 HEX was worth 7.745e-9 BTC according to CoinMarketCap. This, converted to BTC, is 0.000000007745 BTC, much lower than 1 satoshi.

The token is quite infamous and has been controversial since it was issued. Hex was advertised to investors with the promise it would surge more than 10,000 times in two and a half years. The bold and ridiculous claim made many people quite wary of the token.

In December, HEX lost 64% of its value after Bitcoin.com listed it.

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