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Crypto: HEX, More Market Cap Than Cardano and DOGE?

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HEX (HEX), a cryptocurrency associated with a project that claims to be the first  blockchain certificate of deposit , has skyrocketed in market capitalization to rank ahead of  Cardano (ADA),  Solana (SOL) and  Dogecoin (DOGE), according to CoinMarketCap data.

What happened

At press time, Hex had a market capitalization of nearly $ 79.1 billion, according to CoinMarketCap.

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CoinMarketCap screenshot indicating Hex’s market capitalization and position 201

This would put the coin ahead of ADA, which had a market capitalization of $ 77.7 billion at the time of publishing this article, and would make it the third-largest cryptocurrency by that metric.

It should be noted that other data providers such as Messari Crypto  and  Coingecko  do not provide a market capitalization metric for HEX as of  press time, nor do they include it in their lists of top cryptocurrencies.

On Wednesday night, HEX was considered the fourth largest cryptocurrency by market capitalization on CoinMarketCap. We visited the price tracking website of  crypto  exchange Binance to check for an anomaly, but received no response as of press time . HEX disappeared from the list of the top 100 cryptocurrencies an hour later, but the market capitalization continues to be reflected with an amount that would place it above Cardano.

Because it is important

If the CMC data turns out to be accurate, right now HEX is a bigger coin than ADA and SOL, which has been unstoppable of late (up 427.58% over the course of 30 days and 82.01% in a week).

According to CMC data, HEX has also surpassed DOGE’s market capitalization, which has soared 4,365.1% year-to-date to rank # 8 on the cryptocurrency price tracking website’s list. .

This is a major promotion for a project whose disclaimer page  reads  : “HEX is not a security. In reality, there are no currencies, they are just numbers in a distributed database. In reality, nobody receives anything ”.

The disclaimer concludes with a most somber and direct warning: “You will observe that all the previous text goes on to say that you must have absolutely no expectations of any kind with respect to anything, and if something goes wrong, you should not seek compensation. anywhere, nor should you receive any ”.

An  information  of Cointelegraph dating from May 2020 stated that “true believers” in HEX claimed in social networks that whales had bet a lot and, since the project’s reward was not a scam.

On the other hand, the cryptocurrency media mocked HEX, founded by  Richard-Heart , and claimed it was worthless and an outright scam, Cointelegraph noted at the time.

Critics reportedly include podcast  host PeterMcCormack  and Bitcoin Magazine writer  Vlad Costea .

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