Hivemapper: DePIN Solana Shitcoin Going to ZERO?
One of the UGLIEST charts.
Down 70% and no sign of recovery. Even after FWB:HNT and SEED_DONKEYDAN_MARKET_CAP:MOBILE (#Helium #HeliumMobile #Mobile) did 50-100% over a couple days, this shitcoin, which is closely linked to those coins in terms of industry and blockchain ( CRYPTOCAP:SOL #Solana) did NOTHING....
There is a Strong Long signal for Hivemapper. Based on my understanding and seeing this signal elsewhere, the signal does not cause an immediate reaction and reflect reactionary growth in a speedily fashion. Either way it's a good signal to have for a losing crypto knowing this could mean the coming positive gains is ahead.
The tokenomics of this project is so weird. Many time the price dump but its marketcap increased. It’s not good for a project as lack of transparency.
About technical analysis, you can see the selling is unstoppable. Fake pump with small volume to trap investors then dump it with heavy volume.
Many projects getting listed on Coinbase then dump hard about 80-90%,...
What is Hivemapper (HONEY)?
Launched in November 2022, Hivemapper (HONEY) is a decentralized global mapping network that rewards its contributors for collecting high-volume 4K street-level imagery with dashcams through a Drive-to-Earn model.
Imagery acquisition devices come in the form of 4k Dashcams, which are a combination of a camera that records street-level...
There is not much to go off of with Honey. But we appear to be moving bullish on most timeframes. I set a breakout target of .38. However, if it reaches this. I am not factoring in FOMO.
