HEX has been in a long-term downtrend with waning developer and community activity. Many consider the project essentially abandoned.
Founder Richard Heart remains mired in legal troubles with the SEC over alleged securities fraud.
Speculation is rampant that Heart or insiders are artificially pumping the price to appear active.
Technicals show the price has struggled to break key resistance levels despite the pump. Indicating weak underlying momentum.
Trading volume, while up, remains extremely low for a cryptocurrency with a $500 million market cap.
Social media and online discussion of HEX remains minimal. Suggesting little real renewed interest.
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