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Seeking Alpha 2023-05-16 21:10:17

Why did HEX rise today? Price corrects after declining amid PulseChain launch

HEX ( HEX-USD ) rose 6% on Tuesday days after the launch of PulseChain, a new Ethereum fork created to ease high transaction fees in the network. The cryptocurrency has dropped ~56% over the last five days as the launch pushed gas fees much higher owing to increased demand. Users have reported facing multiple errors on the launch day (May 14). HEX ( HEX-USD ) currently has a market capitalization of $5.58B, up 7% over the previous day. Earlier, HEX surged on risk-on day for cryptos.

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