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SONM Price Prediction

An up-to-date SONM price prediction for 2021, 2023, 2025. Wondering what is the future of SNM price? Find out SONM price forecast with historical, fundamental and technical analysis.
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SONM Fundamental Analysis

SONM is an innovative system that is building a worldwide network of computing services that run more cost-efficient solutions than regular cloud services. With their fog computing structure, they have managed to store large amounts of data in smaller, more decentralized data centers that would otherwise act as a bridge between devices and cloud storage. Users of the SONM system have now access to general-purpose computing services while hosts can contribute their computing power to the system, as it is the project’s mission to create the first global decentralized marketplace of computing power. By operating in a similar way as a supercomputer would, the Russian platform is trying to create value for customers and suppliers of computing services, as they believe there is an underutilized resource in everyone’s computers that could be of service to someone else in the world. This creates a favorable scenario for scalability, cost reduction, geographical distribution, and open infrastructure that has the potential to create a global pool of computational capacity. In times where the environmental sustainability of the mining market is questioned in the mainstream, SONM has come up with an efficient solution that is trying to act as a buffer to spread computing power across the different mining centers of the world. For suppliers, the project offers rewards with their native token ($SNM) in exchange for the peer-to-peer rental service of computing capacity to begin with. However, the advantages go way beyond what meets the eye, as the SONM market-making service has created a marketplace that acts as an automated mining task selector, which helps suppliers have their outrented hardware moved to a more profitable mining protocol. This means that, for instance, users supplying hardware for Ethereum mining can switch to another cryptocurrency mining when the price of the second one becomes more profitable than the first. By doing so, the project guarantees that suppliers get a consistent source of income with the possibility to rent out computing capacity for cloud services, helping compensate for the times where mining revenues are only making enough money to cover the electricity costs.

Project name
SONM
Stock Symbol
SNM
Curr. Price
0.4143171116
Curr. Supply/Total Supply
444000000
ROI Since Launch
No Data
Launch Date
2017-06-15
Official Website

SONM Live Price Chart

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SONM Technical Analysis

Despite the fact that 100% accurate technical analysis for SONM cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated SNM buy-and-sell rating for selected timeframe. The summary for SNM/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

SONM Price Prediction

Below we have collected the most reliable price projections for SONM (SNM) from popular forecast platforms.

#1. WalletInvestor SNM Price Prediction for 2021 and 2025

According to WalletInvestor, SONM price will grow from $0.4143171116 to $0.492 in one year. That makes SNM a good investment. The long-term earning potential is 18.75%. Predicted price for the end of 2026 is $0.841.

#2. TradingBeasts SNM Price Prediction for 2021-2022

Answering the question about if SONM is a good investment, TradingBeasts say resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.5575383 with a growth to $0.6410707 by the end of 2022.

#3. DigitalCoin SNM Price Forecast for 2021-2025

In DigitalCoin analysis, the price of SONM cryptocurrency will rise in the next 5 years starting from $0.411 as of today’s price to $1.631. It will go up to $0.68 by 2022 and continue its growth in 2023-2024. Based on the forecast, SONM is profitable long-term investment.

Summary

As it can be clear from the analysis cited above, SONM (SNM) projections are rather contradictory. There is no universal consensus either about positive or negative future SNM price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the SONM projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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