< Back

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.
Swap Tracker

SONM Fundamental Analysis

Project name
SONM
Stock Symbol
SNM
Curr. Price
0.159650692
Curr. Supply/Total Supply
444000000
ROI Since Launch
No Data
Launch Date
2017-06-15
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 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.

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.

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.


Exchange SONM

This pair is not available for exchange

More About SONM