Hivemapper Information

Hivemapper is rapidly gaining attention for its innovative approach to mapping the world using decentralized networks. By allowing users to contribute to a shared map through driving, it creates a constantly updated and highly accurate representation of geographic data. This unique model not only enhances the mapping experience but also fosters a sense of community among contributors, setting Hivemapper apart in the crypto landscape.

Hivemapper

$0.06

Title : Hivemapper
Symbol : honey
Current Price $ : 0.062502 $
High 24h : 0.072728 $
Low 24h : 0.060111 $
Price Change 24h : 0.00049799 $
Price Change % 24h : 0.80316 %
Market Cap : 195043193
Website : https://hivemapper.com/
Community : https://www.facebook.com/hivemappernetwork
Total Volume : 2663897
Market Cap Change 24h : 1789347
Market Cap Change % 24h : 0.92591 %
Circulating Supply : 3121668626.092
Total Supply : 6402646866.1924
Max Supply : 10000000000
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 0.376287
ATH Change % : -83.39829 %
ATH Date : 2023-12-12 13:44
All Time Low (ATL) : 0.00849617
ATL Change % : 635.27234 %
ATL Date : 2023-07-17 12:11

more information

Introduction to Hivemapper: A Decentralized Mapping Solution

Hivemapper is an innovative project that leverages blockchain technology to create a decentralized mapping platform. By utilizing the Hivemapper network, users can contribute to the creation of a global map by collecting and uploading geospatial data through mobile devices. The project operates primarily with its native token, Honey (HONEY), which serves as a medium for transactions and rewards within the ecosystem.

Historical Price Performance

Since its inception, Hivemapper's price has experienced significant fluctuations. The coin reached its all-time high (ATH) of $0.376287 on December 12, 2023. However, it has since dipped markedly, reflecting a decline of over 85% from its peak, with its current price hovering around $0.05378. On the other hand, it has seen substantial growth since its all-time low (ATL) of $0.00849617 recorded on July 17, 2023, showcasing an impressive increase of more than 535%. This volatile price history is indicative of the growing interest in decentralized mapping solutions and the fluctuating nature of the cryptocurrency market.

Advantages of Hivemapper

One of the most compelling features of Hivemapper is its decentralization. Unlike traditional mapping services, which rely heavily on centralized data, Hivemapper empowers individual users to contribute data, thus democratizing the mapping process. This model not only enhances the accuracy of maps but also encourages community engagement and participation.

Another advantage is the potential for real-world applications. As cities and regions increasingly adopt smart technologies, having up-to-date geospatial data available can significantly benefit sectors such as urban planning, logistics, and even self-driving cars. The monetization aspect of the Honey token allows contributors to earn rewards for their data, creating economic incentives for participation.

Disadvantages of Hivemapper

Despite its potential, Hivemapper faces several challenges. One significant drawback is the competition from established companies like Google Maps, which have extensive resources and advanced technology. This competitive landscape may hinder Hivemapper's ability to gain substantial market share and recognition in the mapping sector.

Additionally, the reliance on user-generated data can raise concerns regarding data quality and accuracy. Ensuring that the data collected is reliable and adheres to certain standards is crucial for the project’s credibility and effectiveness. Moreover, as with many cryptocurrencies, the volatility of the Honey token might deter potential investors and users.

Future Outlook for Hivemapper

The future of Hivemapper appears promising, especially as the demand for decentralized solutions continues to grow. If the project can successfully navigate the challenges posed by established competitors and maintain its community-driven approach, it could carve out a significant niche in the mapping industry. Ongoing technological advancements and collaborations with other blockchain projects may further enhance its capabilities.

Furthermore, increased awareness and adoption of cryptocurrencies could elevate the use of Honey tokens, particularly if the economic incentives for data contribution remain attractive. The potential integration of Hivemapper into smart city initiatives could also provide a boost to its relevance and usage.

Conclusion

In conclusion, Hivemapper represents a unique opportunity at the intersection of blockchain technology and geospatial data. While it faces notable challenges in a competitive environment, its decentralized model and community engagement approach could lead to significant advancements in how we understand and navigate our physical world. Investors and users alike will be watching closely to see how Hivemapper evolves and adapits over the coming years.

General Information
from price $0
Title Hivemapper
Symbol honey
Whitepaper -
Website https://hivemapper.com/
Community https://www.facebook.com/hivemappernetwork
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.062502 $
High 24h 0.072728 $
Low 24h 0.060111 $
Price Change 24h 0.00049799 $
Price Change % 24h 0.80316 %

Market Data
Market Cap 195043193
Total Volume 2663897
Market Cap Change 24h 1789347
Market Cap Change % 24h 0.92591 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 3121668626.092
Total Supply 6402646866.1924
Max Supply 10000000000

Historical Data
All Time High (ATH) 0.376287
ATH Change % -83.39829 %
ATH Date 2023-12-12 13:44
All Time Low (ATL) 0.00849617
ATL Change % 635.27234 %
ATL Date 2023-07-17 12:11