I want to congrats all who are holding HeX, 20B$ market cap and still sitting at 201 position ? what's the reason ?
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I want to congrats all who are holding HeX, 20B$ market cap and still sitting at 201 position ? what's the reason ?
CoinMarketCap has always showed HEX at position 201 even though they clearly show its Market Cap puts it at number 7 or so. People say they do that because HEX is not listed on a lot of centralized exchanges. HEX is not meant to be a trading token, it is made for buy and hold. But you can buy or sell it on a defi site like Uniswap.
I hear that CoinMarketCap is owned by Binance, which is a centralized exchange, so they may have something against HEX which is way more defi friendly and anti-centralization. The HEX founder will never pay the fee to be listed on a centralized exchange. And very soon, PulseX will launch which is a decentralized exchange made by the HEX/PulseChain team. So HEX people really do not care much about where CoinMarketCap shows it.
You will find HEX in its correct position on https://nomics.com/ or https://finance.yahoo.com/crypto/ or several other sites.
Yes, that could be reason, Glad to know they are thinking to launch their own decentralized exchange. It will take them to all new heights.