HEX Rallies 177% in 30 Days: Can It Delete a Zero This Year?
HEX’s price has been inclining since the beginning of this year. Mid-way, it did halt for a brief while to consolidate. However, bulls did not give up and gradually managed to push up the price of the asset to $0.058 today. Thus, from the price at which it was trading 30 days back to the aforementioned high, HEX has rallied by ~177%. HEX/USDT by TradingView Likewise, from its cycle low of $0.02 created on Jan. 4, the cryptocurrency ’s price is up by 198.37%. As a result, the asset’s sharpe ratio has been hovering around its six month peak of 6.42. As such, this ratio measures the risk-adjusted returns. So basically, the higher the ratio, the better the performance of the portfolio. Given the steep inclination of the curve over the past few days, it can be contended that HEX HODLers are being fetched with fairly high returns for the risk borne by them. Source: Messari Until recently, the HEX market was devoid of volatility. Towards the end of January, it ...