A Solana-Based Altcoin Surges as Coinbase Includes It in Listing Roadmap
Coinbase has announced that it will be adding the decentralized global mapping network Hivemapper (HONEY) to its listing roadmap. This means that Coinbase may soon provide support for the altcoin. As a result of this news, HONEY’s value surged by 85%, going from $0.129 to $0.232 within just 24 hours.
The listing roadmap was introduced by Coinbase in 2022 to enhance transparency and reduce the potential for investors to anticipate new trading support announcements. Hivemapper is a geo-mapping tool that operates on the Solana blockchain. Its unique approach involves contributors collecting mapping data using dashcams and earning rewards for their footage, which ultimately leads to the creation of a decentralized map.
HONEY Retraces After Initial Surge
Following its initial surge, HONEY has retraced and is currently trading at $0.229.
Hot Take: Coinbase’s Support Boosts HONEY’s Value
The recent announcement by Coinbase to add Hivemapper (HONEY) to its listing roadmap has propelled the altcoin’s value by 85%. This move signifies increased support and exposure for HONEY, which operates as a decentralized global mapping network. By allowing contributors to earn rewards for collecting mapping data using dashcams, Hivemapper creates a decentralized map that benefits various industries and individuals. The surge in value demonstrates the impact of major crypto exchanges on altcoins and highlights the growing interest in Solana-based projects.
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