Note: Article written on 28 February so some prices may have changed I just did something that I thought I’d never do…
I’ve just bet more than half of my crypto money on one dark horse…
It’s
HEXX.
I have never been an analyst or a financial advisor but I think it would be
plain dumb not to do so at the moment. It doesn’t take a crystal ball to realize that investing in this coin right now will be extremely lucrative:
1- HEXX is a zero coin that is focused on privacy. If the devs manage to implement zerocoin technology correctly into HEXX then this means it would allow anybody to transfer money to a recipient
without leaving virtually any trace of the transaction (as claimed by he devs). More info about zero coin here:
https://en.wikipedia.org/wiki/Zerocoin2-
Only 1.5 million coins are currently in existence (28 Feb. 2018) and a rather small amount of these will ever be traded daily (for reasons you will read below) so the
least influx of money into HEXX will reflect
hugely on the individual coin price.
3- It is very probably that thousands of the 1.5 mil HEXX coins are forever
LOST. For those who don’t know, HEXX was first introduced in 2015 and was recently picked by a new team of developers. This means that a lot of HEXX wallets have probably been damaged or abandoned by the owner who died or thought it was forever worthless. Take a look at the top owners here (
https://chainz.cryptoid.info/hxx/#!rich ) and you will notice that most of the big whales haven’t touched their accounts in months or even years. They of course may come back to cash in at any moment. But even if 10% of them are unaware of the revival or have lost/misplaced their coins, then that would mean that
thousands of coins are out of the game and this would constitute a reasonable percentage of the 1.5 mil coins.
4- Mining results in only 576 new coins every day(as far as the devs have told me). That means that the amount of new coins joining the market every year will only be 200k, meaning they will do
very little to dilute the price of existing coins. At this rate, it would take
40 years for all 10 million possible coins to be in circulation.
5- Those who own large amounts of HEXX
will have to keep holding 2000 HEXX coins each if they are to set an Xnode and get rewarded for it. So
if only 100 people in the whole world decided to set xnodes this means that 200.000 coins will be “frozen” in xnodes and not traded in exchanges.
That’s over 13% of all circulating coins at the moment!6- Unlike other Zerocoins like ZOIN, HEXX is not affected by the Zerobug which means that it retains its feature as totally anonymous. (As per the developers)
7- I don’t know code but I have repeatedly heard from people not related to the project (or even opposed to it in one case!) that the code of the project on github is solid, which means that the devs behind the project are competent and know what they are doing.
8- It has a nice, catchy name and cool logo design. HEXX is hexdecimal and it rhymes with sex! So it’s
sexy electronic money and I like it! Take a look at the names of other coins traded today: Canyacoin? ToaCoin? Seriously? Please don’t think my point is ridiculous. Never underestimate
the psychological factor. Big companies pay top dollar to analysts and market consultants to repackage their products into the most appealing form possible and they locate a big budget for it because they know that the presentation is extremely important. I personally think that certain coins like
electroneum would have never got where they are now if it weren’t for their tight names.
9- The coins are so ridiculously and unjustly undervalued at this point. At the time I’m writing this (28/2) the individual HEXX is being sold for
a pathetic $1.6. So if you fork out a miserly $1000 now that should get you 625 HEXX and if the coin reaches a market cap of
ONLY 15 million that means that the coin will go up to $10 and you will make a cool
%625 ROI. And if it goes to 30 mil then that ROI will double. Go ahead and visit coinmarketcap.com and take a look at coins with 30 Mil marketcaps. They are all worthless shitcoins and so easy to beat. I mean come on!
Even BITCONNECT has a current market cap of 28 mil!! You think a privacy coin with 1.5 mil coins can't beat that?
10- Now with the whitepaper coming out on the 1st of March and the forking to the new system taking place the next day I expect the price to
SOAR to stellar heights.
But despite being extremely optimistic of this project I think it’s my ethical duty to also explain all the worrying things about HEXX:
1- It’s not on major exchanges: Currently only on Yobit and cryptopia. I think this is the major reason why this coin is so undervalued, but if it grows to the point that it makes it to a major exchange then you may become a
millionaire depending on how much you’ve invested in it.
2- The current team of developers behind HEXX is anonymous. I told them that putting real names and pictures will help the project but they politely pointed out that privacy is their motto and revealing themselves would run counter to this. But after all, even Mr. Nakamoto himself chose to be anonymous….
3- If HEXX will really manage to make it’s transactions totally untraceable then it will be a matter of time before it becomes the favourite form of payment for hackers and ransomwares. And if the name gets mentioned even once in a high profile criminal story then we will have a media circus and the governments will crackdown on it as an exceptionally dangerous crypto. However as new legislations are pretty slow to pass I don’t expect this to happen for another three years at least.
Conclusion: Buying HEXX at the moment is a
no brainer and
HODL strong as the price
skyrockets more and more because you’re up for a
treat!Disclaimer: I obviously own HEXX but I have no connection whatsoever with the developer(s) apart from interacting very superficially with them here and on discord and I was neither asked nor promised a reward by anybody to write this opinion. I am NOT a financial advisor and my conclusions may be flawed. Trading is a highly risky activity so please do your own research and due diligence before making any financial decision.
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