Hivemapper (HONEY) Price Jumps 100% Instantly After Coinbase Listing

In an announcement on Wednesday, January 3, crypto exchange Coinbase, the leading cryptocurrency exchange in the United States, has included the Hivemapper (HONEY) altcoin in its roadmap for potential listing consideration.

Asset added to the roadmap today: Hivemapper (HONEY)https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️📞 (@CoinbaseAssets) January 3, 2024

HONEY, a relatively small altcoin with a market capitalization of $57 million, currently lacks a listing on any major cryptocurrency exchange. The move by Coinbase suggests an exploration of potential new additions to its trading platform.

HONEY Price Surge

The Hivemapper (HONEY) Price instantly shot up by 100% soon after the Coinbase news. At press time, HONEY is trading 50% up at $0.1901 with a market cap of $86.7 billion. The trading volume of Hivemapper has skyrocketed by a staggering 1000% in the last 24 hours.

Coinbase has added support for new assets on the Solana blockchain, including Hivemapper (HONEY). The decision aligns with Coinbase’s commitment to list assets that meet its standards for legal, compliance, and technical security.

The platform aims to support various networks and ecosystems to provide a diverse inventory of assets for users. Coinbase’s selection criteria prioritize adherence to supported token standards, like Solana SPL, Ethereum ERC20, and Avalanche ARC20. The company emphasizes its continuous efforts to expand its offerings while maintaining high standards for security and compliance.

About Decentralized Network Hivemapper

✓ Share:

Advertisement

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Advertisement