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SONM Price Prediction

An up-to-date SONM price prediction for 2022, 2023, 2024, 2025, 2030. 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

Project name
SONM
Stock Symbol
SNM
Current Price
0.04906870800000001
Current Supply
444000000
ROI Since Launch
-91.4092671413754
Launch Date
2017
Official Website

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.

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.

SONM Price Prediction for 2022

As of SONM price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $0.051, and TradingBeast echoes with ~$0.069628 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about SONM’s future price, citing numbers downwards of $0.00312 in December.
Potential ROI: -16% Sell

SONM Price Prediction for 2023

In their SONM price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $0.074 by December. Forecasting SONM's future, TradingBeast expects further growth, too, saying the SONM price will reach ~$0.094083 by that time. On the contrary, WalletInvestor keeps predicting SONM price decline, quoting prices around ~$0.00673 in 2023.
Potential ROI: 19% Buy

SONM Price Prediction for 2024

SONM price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.1–$0.105302 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.00311 in December 2024.
Potential ROI: 42% Buy

SONM Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 SONM price prediction, valuing SONM at $0.123 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $0.16 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their SONM price prediction for December of this year is just $0.00196.
Potential ROI: 94% Buy

SONM Price Prediction for 2030

Speaking of long-term SONM price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that SONM price will grow further and eventually reach $0.08733 by the end of the decade. PricePrediction.net’s price prediction for SONM echoes with the projection of an uptrend to $0.96. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.001372.
Potential ROI: 612% Buy
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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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