I don't see good reasons for HEX to be a long term investment. First, its certainly one of those pyramid schemes that you should never want to hold for long term and end up losing. They may be profitable but only for temporary reasons. Other than that, there's no long term utility case that keeps you wanting it, so better stick to bitcoin and established altcoins, they are more stable than HEX. Just keep doing DYOR so you'll never be misled.
A lot of new coins appear that is why it is necessary to monitor of the market to find new projects and evaluate their potential. It is necessary to carefully study the projects to evaluate its opportunities like this
https://twitter.com/FibSwap/status/1515262917976936450Research is literally necessary in the case that many projects are scammy and worthless. And that much more if it was been played hype and influence in social media like Twitter as many project developers use this platform to gain attention from the project that encourages people to invest but later on, they were gone.
That is more advisable to invest coins among the top 10 coins in the CMC with this current condition as they have such potential. We have to be aware of the huge risk accompanied by investing in new projects.