Coinbase has added decentralized location infrastructure project GEODNET (GEOD) to its official listing roadmap. Coinbase Markets announced on X on June 16 that the newly added asset was GEODNET and shared the SPL token contract address for GEOD on the Solana network.
The exchange’s listing roadmap is described as a process through which Coinbase publicly shares digital assets it is evaluating for future trading support. However, being added to the roadmap does not mean the token will necessarily be listed on Coinbase. Actual trading support will only be launched if liquidity conditions are met and technical requirements are satisfied. Coinbase said it would announce the trading launch separately once these conditions are fulfilled.
At the time of writing, GEOD was trading around $0.2009, down 7.68% on the day. Over the past 30 days, however, the token has gained 47.87%, while its 24-hour trading range stood between $0.1993 and $0.2248.
GEOD Price Outlook
In the short term, GEOD’s inclusion on Coinbase’s listing roadmap is increasing expectations of fresh buying interest. Still, the fact that the listing has not yet been confirmed remains a factor limiting upside potential. The token is currently trading around $0.209; while the MACD shows a rising structure, the RSI has reached 78, signaling overbought conditions. If GEOD manages to hold above $0.22, the next target could be $0.24. If it fails to stay above this level, $0.19 and then $0.17 could be tested.
In the medium term, the expectation created by Coinbase’s roadmap could act as a catalyst supporting the liquidity premium. The price is trading above the MA20, MA50 and MA200, confirming the upward trend. If the $0.19 support level is preserved, the $0.24-$0.27 range could open up. A breakdown below this level, however, could point to a pullback toward the $0.15-$0.17 zone.
For a long-term assessment, the roadmap alone is not enough. An actual listing, higher liquidity and sustained trading volume will be the key factors. Since the broader market remains driven largely by Bitcoin-centered trends, altcoin dynamics continue to be fragile. If GEOD holds above $0.15, the $0.27-$0.32 band may come into play; otherwise, a decline toward $0.12 remains possible.
What Is GEODNET?
GEODNET, short for Global Earth Observation Decentralized Network, is a decentralized physical infrastructure network, or DePIN, project. Its main goal is to correct standard GPS signals and provide centimeter-level location accuracy. Given that ordinary GPS can deviate by several meters, this level of precision is critically important for autonomous vehicles, agricultural machinery, drones and robotic systems.
The network consists of hardware devices called “Space Weather mining stations.” These stations monitor and report in real time how solar winds from the Sun affect GNSS signals, then feed the correction data into the network. The corrected signals provide nanosecond-level timing accuracy and 1-2 centimeter positional precision.
GEOD is the network’s native utility token. It has three main functions: users can use it as a payment method to access data streams, station operators receive rewards through the token, and token holders can participate in governance voting. In addition, 80% of the network’s revenue is automatically used to buy back and burn GEOD. This deflationary mechanism permanently reduces token supply as the network’s real-world usage grows.
GEODNET primarily operates on the Solana blockchain, while also maintaining a presence on Polygon and IoTeX. The project serves various institutional customers, including the U.S. Department of Agriculture, and has built a global network of more than 7,000 GNSS stations. The token’s total supply is capped at 1 billion GEOD.
