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 ostend that HEX/BTC is now below ane satoshi — or 0.00000001 BTC.

HEX toll too small to mensurate

Put in different terms, the price of a single HEX token has become so minor that many toll calculators cannot measure out its value. On January. five, Hex traded at 7.745e-ix BTC co-ordinate to Coinmarketcap, the equivalent of 0.000000007745 BTC.

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

HEX/BTC orderbook from Bidesk exchange

HEX/BTC orderbook from Bidesk exchange. Source: Bidesk

Hex'due south demise over its curt lifetime has been precipitous. Those who bought tokens or claimed them using existing Bitcoin holdings since its Dec. 2 launch have seen their value swoop by practically 100%.

Throughout, Richard Heart, the money's song creator, has continued to hope vast returns for those who hold HEX for sure periods via a staking scheme.

Speaking to Cointelegraph in an interview last month, Heart was unrelenting in his promotion of what he claims is a "truly unique system" in the cryptocurrency earth.

Investors would rather buy satoshis

Criticism has nonetheless come from multiple sources, with a popular theory naturally centering around Hex being run similar to a pyramid scheme. A study released shortly afterwards the launch highlighted what its writer described equally the "perpetual self-enrichment" of Heart at the expense of other investors.

A farther gaffe saw HEX/BTC plunge threescore% overnight later cryptocurrency exchange Bitcoin.com chose to list information technology.

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 evidently foolishness.

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