HEX token: Is low Volatility Ideal or Irrelevant?
ALT HD – HEX volatility around YTD lows: More consolidation? Just as the recovery stars were aligning in the crypto market, the BNB Chain underwent a hack worth millions a few hours back. The said event, single-handedly, managed to re-stir in the bearish sentiment. At press time on Friday, the collective crypto market cap was 1.5% down on the daily to $957 billion. Leaving aside top cryptos Bitcoin and Ethereum, small-cap tokens like HEX were also affected. Also Read: Binance: Here’s How Attackers Siphoned $100M worth of BNB Gauging the sentiment of HEX investors The crypto community has been the “most positive” towards HEX this week since early May [5 months ago]. As illustrated below, the weighted sentiment climbed from the negative territory to the positive territory recently and has been hovering around 0.639 of late. Usually, The environment becomes favorable for trend reversals when there’s FUD in minds of market participants . So, the weighted ...