Today, we have had something amazing happen. In the future this post will either make us look very smart or very stupid. I will lay out both cases for you to decide if this is one of the best opportunities to buy eHEX or if eHEX will die.
The reason we have seen more than a 50% collapse today is because Richard Heart (founder of eHEX and pHEX) tweeted out why pHEX is so much better than eHEX. His tweet makes a lot of sense and could solidify the death of eHEX. So let's start with the death of eHEX.
If Richard Heart sacrifices the eHEX in the OA address that would be a clear sign of eHEX's death. Also since we have seen the liquidity move from eHEX to pHEX, eHEX could just become so illiquid its untradeable for big players in the HEX/Pulse ecosystem. For example, eHEX is down 60% today while pHEX is up 18%. But this is also where the potential opportunity lies.
Due to the circumstances of today, eHEX has a marketcap of 3B while pHEX has a market cap of $15B! That is over a 5x marketcap of basically the same asset just on different chains, so here is my theory.
I don't have a crystal ball and cannot tell you what will happen to eHEX, but simply from a mathematical standpoint, this should be a tremendous opportunity to pick up cheap HEX.
Let's say pHEX goes to $1. How can eHEX stay under $0.01? Would it not be logical that during that period of FOMO people would flock to the cheaper HEX?
Right now the ratio of pHEX to eHEX is 1 pHEX = 4 eHEX when before this crash the ratio was around 1 pHEX = 1.5 eHEX.
Under the current ratio if pHEX reach $1 (roughly a 45x), eHEX should reach at least $0.25 (roughly a 50X), but if eHEX is able to repair to the first ratio, that means eHEX should reach $0.67 (roughly a 134x).
Therefore, as long as eHEX doesn't die, it is by far the better investment based on monetary gain and game theory.
The reason we have seen more than a 50% collapse today is because Richard Heart (founder of eHEX and pHEX) tweeted out why pHEX is so much better than eHEX. His tweet makes a lot of sense and could solidify the death of eHEX. So let's start with the death of eHEX.
If Richard Heart sacrifices the eHEX in the OA address that would be a clear sign of eHEX's death. Also since we have seen the liquidity move from eHEX to pHEX, eHEX could just become so illiquid its untradeable for big players in the HEX/Pulse ecosystem. For example, eHEX is down 60% today while pHEX is up 18%. But this is also where the potential opportunity lies.
Due to the circumstances of today, eHEX has a marketcap of 3B while pHEX has a market cap of $15B! That is over a 5x marketcap of basically the same asset just on different chains, so here is my theory.
I don't have a crystal ball and cannot tell you what will happen to eHEX, but simply from a mathematical standpoint, this should be a tremendous opportunity to pick up cheap HEX.
Let's say pHEX goes to $1. How can eHEX stay under $0.01? Would it not be logical that during that period of FOMO people would flock to the cheaper HEX?
Right now the ratio of pHEX to eHEX is 1 pHEX = 4 eHEX when before this crash the ratio was around 1 pHEX = 1.5 eHEX.
Under the current ratio if pHEX reach $1 (roughly a 45x), eHEX should reach at least $0.25 (roughly a 50X), but if eHEX is able to repair to the first ratio, that means eHEX should reach $0.67 (roughly a 134x).
Therefore, as long as eHEX doesn't die, it is by far the better investment based on monetary gain and game theory.