One Solana-based (SOL) altcoin is booming, just after US crypto exchange platform Coinbase announced it would officially list it on the market.
Earlier this week, Coinbase announced that it would support Hivemapper (HONEY), a decentralized global mapping network built over the Solana blockchain.
“Hivemapper (HONEY) is now live at http://coinbase.com and on the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”
Hivemapper, which describes itself as a revolutionary mapping tool, works by letting users drive around and collect data using simple dashcams. The data would then be used to compile a global decentralized map and those who participated in collecting the data would earn monetary rewards for their efforts.
The announcement by Coinbase caused the virtual currency to rise to a price of $0.337 on January 17. However, the asset has since pulled back and is trading at $0.30 at the time of writing, down 5% in the last 24 hours but up 22% since earlier this morning when it was trading at $0.240.
Earlier this year, Coinbase announced it would add Hivemapper to its listing roadmap, which the crypto exchange is using to increase transparency with traders and counter the digital assets’ edge.
At that time, HONEY rose by a whopping 85%, from $0.129 to $0.232 in just 24 hours.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on Tweet, Facebook And Telegram
Surf to the Daily Hodl mix
Featured image: Shutterstock/VRstudio/Fotomay