Overview of Geodnet (GEOD): price, market capitalization, and what you should know - Cryptocurrency news today

Geodnet (GEOD) — is a unique cryptocurrency that supports a decentralized network of space weather observation stations. It helps correct signals of global navigation satellite systems (GNSS), providing ultra-high accuracy in positioning and timing. As of now, the price of GEOD is approximately $0.20, and its market capitalization exceeds 90 million US dollars.

Price and Market Indicators

| Indicator | Value | | --- | --- | | Price (USD) | $0.201373 | | Market Cap (USD) | $90,160,089 | | Rank by Market Cap | 285 | | 24h Trading Volume (USD) | $4,749,636 | | 24h High | $0.24231 | | 24h Low | $0.164428 | | Price Change over 24h | +22.23% | | Price Change over 7 Days | +30.68% | | Circulating Supply | 447,878,903 GEOD | | Total Supply | 964,901,568 GEOD | | Max Supply | 1B GEOD |

What is Geodnet

Geodnet — is the Global Earth Observation Decentralized Network, a decentralized network consisting of stations engaged in mining space weather. They collect and transmit data on the impact of solar wind on GNSS signals used in global navigation systems such as GPS. This information allows for correction of navigation signals, increasing positioning accuracy to centimeters and improving absolute time precision to nanoseconds.

Such technology is important for various fields: from geodesy and agriculture to autonomous vehicles and telecommunications. Geodnet uses blockchain to ensure transparency, security, and decentralization of the network.

Price Dynamics

Over the last 24 hours, the price of GEOD has increased by over 22%, and over a week — by over 30%. This indicates increased investor interest and market activity. The maximum price in a day was $0.24231, the minimum — $0.164428, demonstrating significant volatility. The trading volume over the past 24 hours exceeds 4.7 million dollars, indicating sufficient liquidity of the coin.

It is worth noting that GEOD ranks 285th by market capitalization among all cryptocurrencies, reflecting an average level of recognition and growth potential.

Key Facts

• Geodnet provides a real impact on increasing GNSS signal accuracy through decentralized collection of space weather data.
• The coin is integrated into the Solana and Polygon ecosystems, expanding its capabilities and compatibility.
• Geodnet belongs to the categories DePIN (decentralized physical infrastructure), Gaming (GameFi), and Play To Earn, opening additional use cases.
• Current market capitalization exceeds 90 million dollars, with a maximum supply limited to 1 billion GEOD.
• The project is supported by the investment fund Pantera Capital, increasing investor confidence.

Risks

Like any cryptocurrency, Geodnet has several risks. Price volatility can lead to significant fluctuations in investment value. Technological risks are related to the accuracy and reliability of collected space weather data, as well as potential network failures.

Additionally, Geodnet depends on the development and adoption of GNSS and decentralized network technologies, as well as the overall regulatory situation in the cryptocurrency sphere. Investors should carefully assess their risks before investing.

FAQ

What is Geodnet and what is it used for?

Geodnet — is a decentralized network of stations collecting space weather data to improve GNSS signal accuracy, which is important for navigation and precise time determination.

How to buy GEOD?

GEOD can be purchased on cryptocurrency exchanges that support this coin. It is recommended to use reliable platforms and store coins in secure wallets.

What are the main risks of investing in GEOD?

The main risks are related to market volatility, technological challenges, and regulatory changes in the cryptocurrency sphere. Investors should consider these factors before investing.

This overview is not financial advice. It is recommended to conduct your own research and consult with professionals before investing.

Source: www.coingecko.com