NFT News by Thebittimes.Com

The HEX community had an eventful weekend as they celebrated the introduction of PulseChain, along with its native DeFi swap called PulseX. This launch was significant as it led to a remarkable surge in network activity within the HEX market. The addresses within the network recently reached a 16-month high, indicating a substantial increase in user engagement. However, it’s worth noting that this surge in activity encompasses both “panic sells and dip buys”, suggesting a mix of reactions from participants in the market. At the moment selling pressure overpowered buying activity, as HEX was recording a major plummet. At press time, the asset was trading for $0.03007 with an 11.82% daily drop. Source – HEX/USDT Chart on TradingView The above chart pointed out the downward trajectory of the asset over the last couple of days. The Relative Strength Index [RSI] highlighted the fact that there were more sellers as opposed to buyers in the HEX market. Despite the downward movement in...

Community sentiment plays a crucial role in setting the landscape for a price rally. In terms of most searched assets on the cryptocurrency tracking platform CoinMarketCap, Bitcoin, Shiba Inu, has been a part of the top 10 list regularly. Other prominent assets like Dogecoin, Cardano, Fantom, and Floki Inu were a part of the 20-30 range. Nevertheless, one interesting trend stood out. HEX managed to grab a spot higher than Binance’s BNB token. Price-wise, the former registered higher gains than the latter on the daily, weekly, and monthly timeframes. Source: CMC Also Read: FTX Sends “Confidential Letters” Asking Politicians to Return Donations From the beginning of this year, HEX has inclined by a whopping 142.72%, while Binance’s BNB token has risen by only 35.56% in the same period. Nevertheless, HEX registered one red weekly candle, while BNB’s all-green streak record was intact at press time. HEX/USDT, BNB/USDT by TradingView Also Read: HEX up 44% F...