#HEX Total Value locked on the path down to sub $50 millionand before haters start doing a dance on the coffin of Richard Heart.
This is HEX on Ethereum
HEX on #Pulsechain is 2X more valuable
But even Hex on pulsechain I do believe will continue to struggle for a while.
Most value from these two different HEX's should in theory migrate to the superior product and disinflationary token of $Pulsechain
This is only makes sense as Ethereum enables more value creation than a simple store of value (bitcoin is a unicorn and nothing has comeclose to toppling it )
The market more easily understands the value proposition of smart contract platforms.
So Even thous Pulse is still down massively off its high's
It has better chance to recover going forwards than either of the HEX's
Wpls
PULSECHAIN Can 2.6X versus #ETH - W PatternWow #PLS got destroyed.
Retail investors got dunked on.
Richard Heart conducted a crowd raise to the retail public
with no cap.
It was heavily hyped.
So it was heavily oversubscribed.
there was no vesting period
usually 1-2 year period after a launch is the norm for VC/ accredited investors.
Expectations were not aligned with realities for normal people.
This allowed for a free for all of heavy selling
during which the network was just getting started & bootstrapped.
So I feel the pain of people who waited for 2 years only to have PLS drop 90% against #Ethereum
whilst ETH found it's bear market bottom at 880 dollars.
A double kicking to your private parts.
Max pain also brings Max reward.
Crypto profits are harvested from the tears of people who buy and sell at the wrong time.
I believe we can start seeing a recovery in this ratio going forward
and Also I still believe ETH will kick on to $3400 very soon.
