Hivemapper Price Surges 86%
If you traded HONEY tokens, you would have noticed an 86% price surge and record intraday high of $0.281. The trading volume also soared by 1,108%.
The Price Correction
Within a day, HONEY token’s price jumped by 8% to $0.210, but trading volume declined by 42%. The four-hour timeframe indicates a correction after profit booking.
On the Solana blockchain, HONEY is paving the way.
Hivemapper Price Listings on Coinbase
The recent announcement of HONEY token listing on Coinbase propelled the token’s price and trading volume, marking a significant surge.
Forecasting Hivemapper Price After Coinbase Effect
The Coinbase effect drove HONEY token’s prices from $0.129 to $0.232, but a fall in trading volume and profit booking corrected the prices.
The Coinbase Listing Dynamics
The announcement is part of a 2022 roadmap initiative by Coinbase to support new trading assets transparently and inhibit investors from front-running announcements.
HONEY Token Advance in Geo-Mapping
HONEY token leverages the Hivemapper ecosystem, where contributors collect data for decentralized map creation.
Examining Hivemapper Price and Momentum
Hivemapper prices established a trading range between $0.100 and $0.315 with a possible slump aided by the bearish momentum typified by the RSI and AO indicators.
The Bourse Converse
Increased buying pressure might drive HONEY prices past the crucial Fibonacci level of 61.8%. The position of AO suggests the bullish momentum might reestablish.
Exploring an Alternative to Hivemapper
Analysts have chosen Sponge V2 for substantial returns, endorsed by crypto executives like Justin Sun, who holds 108 million SPONGE V1.
Sponge V2: A Superior Alternative
An alternative to HONEY, the upgraded Sponge V2 is a lucrative investment, available through Stake-To-Bridge.
Hot Take
Sponge V2 is gaining traction, emerging as a promising alternative to HONEY after becoming one of the top picks for crypto ICOs in 2024.
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