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

Bitcoin's smallest denomination is now worth more than an entire unit of altcoin 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'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, the coin's vocal creator, has continued to promise vast returns for those who hold HEX for certain periods via a staking scheme.

Criticism has nonetheless come from multiple sources, with a popular theory naturally centering around Hex being run similar to a pyramid scheme.

The drop below 1 satoshi meanwhile fielded a fresh wave of satisfaction from social media users, many of whom had long warned that investing in Hex was a decision which amounted to little more than plain foolishness.

Domingo Guerra, co-founder of enterprise mobile security company Appthority, noted that on Saturday, there were no buyers for HEX at 1 satoshi, "It's dead! Essentially at zero," he summarized.