Hivemapper (HONEY) Price Surges By 100% After Coinbase Listing

On Wednesday, January 3, Coinbase, the foremost cryptocurrency exchange in the United States, made an announcement confirming the inclusion of the Hivemapper (HONEY) altcoin in its roadmap for potential listing consideration.

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.

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