HEX crypto is crashing, what's going on?
Actually, a whale sold 10 million HEX crypto, which greatly affected its price and it is currently falling.
But then, will HEX go up? What's going on with PulseX and PulseChain? We're going to talk about all of that in today's video.
So, watch this video all the way through because we have a special announcement to make at the end of this video. And with this, you can easily turn your $100 into $100,000.
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Now without further ado, let's get straight to the point.
HEX crashing? Will Pulsechain finally launch and save the plummeting value of the infamous HEX token?
We want to share our thoughts about this cryptocurrency phenomenon that rose to prominence with a 10,000x increase in value over the last year.
People have been calling it a scam and a Ponzi scheme for almost 2 years, but why does the value suddenly seem to be crashing now.
Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain.
HEX is an ERC20 token launched on the Ethereum network. HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage the emerging DeFi ecosystem in cryptocurrencies within the Ethereum network.
HEX uses the Ethereum network for the transaction layer (sending and receiving HEX tokens, as well as interacting with the HEX smart contract), whilst the consensus code and staking mechanism are contained in the HEX smart contract.
As you may have noticed, HEX has been in the red for some time. This is due to the massive sell-off that has been going on lately. It may be a great opportunity to get it really cheap, but it could also go lower. One thing is for sure, HEX is still strong.
On May 17, Richard Heart posted on his Twitter giving us a status update from PulseChain.com. He talked about auditing, finding things that need to be fixed, getting them in order, and seeing what can happen after the mainnet, and what should happen before. In the next few days, we hope to have a better schedule. And right now, they're dealing with the bits, mainly the rotation fees and the validator registration limits. And according to Richard Heart, PulseChain is close to launching.
But then, will it emulate the success of Hex? That's the question everyone wants to know. And if you still don't know what Hex is, who Richard Heart is or who these new coins are, know that Richard Heart is the flamboyant founder of Hex and he will be launching his new crypto-currency project named PulseChain very soon. Now, Hex has been extremely lucrative for a lot of people, even though many have called Hex a scam. The project seemed to have done very well for its users. But now, Richard Heart's new project, PulseChain, and the Pls token have not yet had a release date. However, in his latest tweets, he said that the PulseChain test network is in its second version and he will continue to keep us updated as we are at the end of May. He also said, "I'm also waiting for time estimates. When I get it, you will get it too.
In fact, a few weeks ago, there was a rumor circulating about the launch date of PulseChain. The rumor was that PulseChain would launch on May 24th. But of course, it didn't happen. And we are already almost at the end of May. So, all these estimates on the release date are not sure. Especially since the sharp drop of Hex complicates things. Even if it doesn't impact the system yet, we think it has affected the release date. It's not now, a lot of things have to be started up first before that. But rest assured, we believe in the future of PulseChain. This does not change our price forecast. PulseChain is on track to make 1000 or 10,000X. It is the biggest crypto project to come.
People who missed the Hex train are lining up for PulseChain in hopes of similar wins. If you don't know what PulseChain is, it's an Ethereum fork that attempts to dramatically reduce the exorbitant transaction fees that the Ethereum network generates. It will be the new blockchain ecosystem that, according to its website, will be more energy-efficient, faster and cheaper than Ethereum.
Gas fees are so ridiculous on Ethereum.
For a small transaction of $1000, you pay close to $125 as a gas fee. This is absolutely ridiculous. PulseChain must be launched. PulseChain can't wait. It's time to launch. But the date is still to come.
Meanwhile, PulseX will have a 0.29% fee that users will pay on each trade. This is less than Sushiswap, Quickswap, and Uniswap. 76% of all trading fees could be distributed to liquidity providers. 21% could be used to buy and burn PLSX, reducing its supply over time. 0.01% of the value of trade goes to an address you shouldn't expect. PulseX has lower fees, the highest liquidity on the PulseChain, and is becoming increasingly scarce.
Pulse Token is an ERC-20 token meant to provide its holders with control over the governance, and thus future, of Pulse Markets, an open-source, community-driven prediction market platform that is built on NEAR Protocol and utilizes Flux Protocol's Data Oracle for market resolution.
If you want to know more about PulseChain and its ecosystem, don't hesitate to visit our channel to discover the hundreds of videos we have made about it.
We also want to take this opportunity to remind you about the MOVEZ project that will soon be launched with a ridiculously low market cap.
His market cap is $55,000. So, it doesn't take much to make it 1000X.
It just needs his market cap to go from $55,000 to $55,000,000, and that's a very realistic amount, especially since Move-To-Earn is one of the new trends.
The project is already supported by a crazy community and is incubated by BlueZilla. So, it will benefit from the hype behind BlueZilla exploding.
Its IDO has already passed. But the launch will be at the beginning of May. We will keep you informed, and for that, you have to subscribe and activate the notifications to always be informed when we publish new videos.
We hope we were able to provide some value and helped you to move a step ahead in your crypto journey Be sure to check out our Crypto Brand called Cryptopreneur, get yourself the highest quality Crypto Merch available right now on the market, and make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.