News

$HONEY Achieves Record Surge Following Coinbase Listing Announcement

In a remarkable turn of events, Hivemapper ($HONEY), the decentralized global mapping network launched in November 2022, has witnessed an impressive surge in its value after the recent announcement by Coinbase.

The mapping platform, known for its innovative Drive-to-Earn model, rewards contributors for collecting high-quality 4K street-level imagery with dashcams.

Despite having a market valuation below $57 million, $HONEY is considered a relatively minor altcoin and has yet to be listed on major cryptocurrency exchanges. However, the landscape changed significantly after Coinbase, the leading US cryptocurrency exchange, revealed its plans to potentially list Hivemapper ($HONEY) on its platform.

$HONEY Price Action To Watch

Following this announcement, the price of $HONEY experienced an extraordinary increase of over 100%, soaring from $0.119 to a high of $0.27. This surge translated into a remarkable 1163% gain in 24-hour trading volume and a 100% increase in market capitalization. Notably, over the past three months, $HONEY has exhibited an astonishing growth of 1609%.

Hivemapper itself achieved a noteworthy milestone recently by successfully mapping 10% of the world’s roads, covering a total distance of 100 million kilometers in just a year. The platform incentivizes users with $HONEY rewards for contributing the latest map data, including capturing high-quality road imagery and uploading it to the mapping network.

Related Post

This surge in both value and recognition is indicative of Hivemapper’s growing significance in the decentralized mapping space. The Coinbase listing announcement serves as a significant catalyst.

This propels $HONEY into the spotlight and underscoring the platform’s unique approach to mapping technology. Also, its drive to incentivize contributors through the innovative Drive-to-Earn model.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: fellowneko/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

3 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

4 hours ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

4 hours ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

9 hours ago

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

15 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

21 hours ago