Solana-Based Altcoin Rockets 22% in Hours After Coinbase Announces Official Listing
One Solana-based (SOL) altcoin is surging simply after the highest US crypto trade platform Coinbase introduced it might be formally itemizing it.
Earlier this week, Coinbase announced that it might be supporting Hivemapper (HONEY), a decentralized international mapping community constructed over the Solana blockchain.
“Hivemapper (HONEY) is now dwell on http://coinbase.com and within the Coinbase iOS and Android apps. Coinbase prospects can log in to purchase, promote, convert, ship, obtain or retailer these property.”
Hivemapper, which describes itself as a revolutionary map-building device, works by having customers drive round and accumulate knowledge utilizing easy dashcams. The information would then be used to assemble a world decentralized map and those that participated in gathering the information would earn financial rewards for his or her efforts.
The announcement by Coinbase triggered the digital forex to surge to a worth of $0.337 on January seventeenth. Nevertheless, the asset has since retracted and is buying and selling for $0.30 at time of writing, a 5% lower over the past 24 hours however a 22% improve since earlier this morning when it was buying and selling for $0.240.
Earlier this 12 months, Coinbase introduced that it might be including Hivemapper to its itemizing roadmap, which the crypto trade makes use of to extend transparency with merchants and to counter the front-running of digital property.
At the moment, HONEY jumped a staggering 85%, going from $0.129 to $0.232 in simply 24 hours.
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