Are you curious about the future of HEX coin and its potential to skyrocket to unprecedented heights? Well, you're not alone. Many investors are wondering whether HEX can really achieve its lofty goals, and today we're going to delve deep into this topic. Some people have accused HEX of being a scam, while others believe it has the potential to go 1,000X from its current price. In this video, we'll be taking a close look at the facts and figures to determine whether HEX's price prediction is just hype or if it has the potential to become a reality. So, sit back, relax, and get ready to uncover the HEX price prediction.
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Now, let's get started.
We are not going to base our prediction solely on technical analysis or charting. Instead, we will look at the fundamentals and how other tokens have performed in relation to BTC and Ethereum. We will also consider the application of Metcalf's law in cryptocurrency networks to inform our prediction.
Metcalf's law states that the value of a network is proportional to the square of the number of users on the network. For example, if there is only one user on a network, the network is not very valuable, even if the product or technology is excellent. However, as more users join the network, the value and utility of the network increase. This applies not only to telephone networks but also to cryptocurrency blockchains and the internet.
Therefore, the more participants there are in a cryptocurrency network, the more valuable it becomes. As more people use the network to transact, the more valuable and useful it becomes. In contrast, a network with only a few users is less valuable because it lacks the network effects that make it attractive to users.
Let's discuss how we can apply Metcalf's law to cryptocurrency. If we observe day one HEX holders, there were around 7000 holders. However, during the all-time high period, there were around 350,000 plus 370,000 holders. We can use a Metcalf calculator to estimate approximate percent gains based on the increase in the number of users on the network. We can take the day one HEX prices off of HEX model and calculate the fair value of HEX. Starting from less than a penny, if we move 3000% up, we get the Metcalf's fair value at around ten cents.
All the euphoria surrounding the PulseChain release pumped up the HEX price, whether it was people buying because they thought the snapshot was coming soon or buying HEX to sacrifice. However, that extra pump wasn't really linked to the number of users but more to the excitement around the users. Currently, the HEX price seems to be undervalued, with the fair value being around $0.058. This is not financial advice, but it is likely that once Richard announces the PulseChain release, we will see the HEX price surge above the Metcalf's fair value.
Let's take a closer look at the potential upside and downside of purchasing HEX at the current moment. If you were to buy now, you could potentially see a 4X increase to the upside and a 65% to 75% decrease to the downside. It's important to note that we're not suggesting going all in, but it could be a good time to consider taking a long position. Additionally, despite being down more than 75% from its all-time high price, buying HEX at its current price could be a good investment opportunity. Moving onto our prediction, let's take a look at the number of ETH holders.
At less than 2000 days in, there were 100 million Ether token holders. If we apply this to our Metcalf calculator, we can estimate that there are currently around 525,000 HEX holders.
So, we currently have around 525,000 users, which might be slightly inaccurate. Let's assume we gain 100,000,000 users by day 5,555, which is 15 years from now. This growth rate is not very likely when compared to Ethereum, which had 100 million holders in less than 2000 days. However, if we assume this growth rate, we're looking at a 40,000% increase from our current HEX price. That would put us at around $10 to $12 per HEX. This price seems reasonable because if we measure from the all-time lows, 56 cents was a 10,000 X. A hundred thousand X would be $5, and a million X would be $50, or $56 to be exact. Bitcoin has done a 6.9 million X in about ten years. Even if HEX completely flops and doesn't gain much adoption or mainstream traction, worst-case scenario, in 15 years, we might still see an $11 HEX. This is not a bad outcome at all.
Even if we witness the launch of PulseChain, it has the potential to bring more holders into the HEX ecosystem, thus raising the Metcalf's Fair value of the token. However, the adoption of HEX has only just begun, and Ether has almost 200 million users in just about 2500 days. Hence, if we imagine Ether at 5000 days, we can only fathom the potential for HEX.
Once PulseChain is launched, it will be a massive value proposition for the ecosystem. A comparison of the PulseChain Telegram versus the HEX telegram shows that there are more users in the PulseChain Telegram than in the HEX telegram. If people perceive the value of PulseChain and like it, they may be more inclined to onboard a wallet address onto HEX.
Even though the current holder's change is not significant every day, we should be seeing around 1000 holders every day. Considering all these factors, HEX's potential price could be much higher than the current price. We might even witness more significant price appreciation once PulseChain is launched.
On average, we are seeing around 100 new users a day, and sometimes even negative users. This is not good for the Metcalf's Law and adoption of HEX. We should be seeing more than 1000 users a day to keep up with the pace of growth that we need. For those who are in HEX or new to HEX, we encourage you to do more research and learn more about it. As we showed earlier, if you're currently looking at a price of $0.058 and you match Ethereum's user growth after 2000 days, then you're looking at a potential 40,000% increase in value, which could be life-changing for many people.
However, we believe that once PulseChain is launched and Coin Market Cap stops gatekeeping us, we could see significant changes in the number of HEX holders. This is not just a price prediction for HEX, but a call for more adoption and increased awareness of the benefits of HEX. We need more people to join the HEX ecosystem to fully realize its potential.
Basically, we need to focus on increasing adoption and bringing in more users to the HEX ecosystem. Matching Ethereum's growth would be a great start, and with the launch of PulseChain, we could see even greater adoption.
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