SONM (SNM)

Market Cap

$19,860,930 USD

Volume (24h)

$263,817 USD

4.1
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    SONM Markets Rank: 6/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    SONM Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    SONM Market Cap Rank: 91/100

  • 24h Change

    Is the price moving up or down?

    SONM 24h Change Rank: 50/100

  • Social Following

    How many users are following this coin?

    SONM Social Following Rank: 93/100

  • Google Trends

    How many users are searching for the coin?

    SONM Google Trends Rank: 13/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    SONM Twitter Citation Rank: 60/100

  • User Voting

    How popular is this coin among Cointobuy community?

    SONM User Voting Rank: 91/100

SONM investment analysis

SONM is a decentralized fog computing project. What's interesting about this particular platform though, is that any device regardless of their computing power can join the network and earn tokens. This even includes mobile phones, which could be attractive to many people looking to put resources into a SONM investment.

This crypto project aims to net miners of other cryptocurrencies who may have dormant computer resources. They hope to build their network into a powerful fog computing behemoth by using lesser utilized components of powerful rigs such as CPUs.

While there are numerous competing blockchain projects in the cloud computing sector, SNM does have an interesting approach. By utilizing fog instead of cloud services they can offer their customers a much more efficient and faster experience. This processing power can be used for any purpose ranging from rendering, streaming, AI learning, game servers, dapps, web hosting and more.

These tasks will also allow a greater number of machines to "mine" as such participation in the SNM ecosystem and the blockchain community as a whole has the power to increase, further decentralizing their proposed network.

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current price
$0.055231
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+596.5%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.384676
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

93/878
by Safety
210/878
by Profit
historical data

How to buy SONM?

The number of exchanges where investors can buy SONM is extensive. There's a good mix of popular and more off beat options which will give investors varying levels of privacy as some do not require any verification. The most viable trading pair here is Bitcoin, but there are additional suitable options such as Ethereum and US Dollar Tether should you desire to use them.

As this is an ERC20 asset, investors will need to utilize a compatible Ethereum wallet to store their tokens in. There's a ton of great options for this, but some popular options include My Ether Wallet, Coinomi for Android and iOS, Ledger's hardware wallet option and Meta Mask for browsers. Make sure that you always back up your wallet to protect your asset in the event of loss, theft or failure of the device that stores your wallet.