Richard Heart’s HEX Now Trading For Less Than 1 Satoshi After 52% Drop

Bitcoin’s (BTC) smallest denomination is now worth more than an entire unit of altcoin Hex (HEX) after the controversial token lost over 50% in a day.

Data from Coinmarketcap and other sources confirm that HEX/BTC is now below 1 satoshi — or 0.00000001 BTC.

HEX price too small to measure

Put in different terms, the price of a single HEX token has become so small that many price calculators cannot measure its value. On Jan. 5, Hex traded at 7.745e-9 BTC according to Coinmarketcap, the equivalent of 0.000000007745 BTC.

That number, of course, is far below a single U.S. dollar cent, and roughly translates as $0.000058. Data from Bidesk, an exchange offering the HEX/BTC pair, confirmed the price levels.

HEX/BTC orderbook from Bidesk exchange. Source: Bidesk

Hex’s demise over its short lifetime has been precipitous. Those who bought tokens or claimed them using existing Bitcoin holdings since its Dec. 2 launch have seen their value dive by practically 100%.

Throughout, Richard Heart,…