SNM Price Prediction 2023-2030

Latest SNM Price

SNM Price Prediction Today

UTC: Dec 10th, 2023 12:06 PM
Overall OutlookNeutral
1. Market's WisdomPartially Bearish
1a. Market DataPartially Bearish
1b. Technical RecommendationNeutral
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentSteady

SNM Price Prediction: Is SNM a Good Investment?

SONM (Supercomputer Organized by Network Mining) is a decentralization-based fog computing platform. In other words, SONM crypto aims to be a supercomputer that can be used for any task such as scientific calculations, video rendering, hosting game servers, web hosting etc.

This Network makes use of traditional fog computing systems and enhances them with the use of blockchain. For instance, people with extra computational power & resources can rent their resources to the SONM marketplace and generate revenue. On the other hand, people in need of computational power can rent those resources by paying for them. The notable point is that the Ethereum Smart Contracts 7 automated mechanisms enforce the terms between the supplier and the customer (unlike traditional cases).

SONM provides a platform for real-world application (as we have already discussed). The network can potentially perform multiple jobs including mathematical calculations, machine learning, large-scale deployment, web hosting, etc.SONM can easily utilize any hardware on the Supplier’s machine, such as memory, disks, CPU and GPU. Also, the users can select the desired amount of computing resources based on their requirements.

Now, the crucial question here is, is there actually a demand for such services? Let’s find out.

Cloud computing was always there since the early 2000s through which users can rent access to computing infrastructure rather than owning their own resources. These services have grown a lot since then and offer a wide range of options from storage to processing power.

Here, cloud computing has become an important part of various industries where users can simply move their workloads to the cloud.  Various companies (including IT companies), instead of spending across infrastructure and application software, are shifting to the cloud.

Reports suggest that this shift by these companies will be up by nearly 40% in the next three years. It is estimated that 2/3rd of the spending on application software will be through cloud computing only, by the end of 2025.

The data indicates that the need for such services will further increase in the near future and hence, SONM can find a good place for itself.

SNM coin Price Prediction: 2023, 2025 and 2030

SNM coin Price Prediction 2023 is $2.73.

SNM coin Price Prediction 2025 is $5.82.

SNM coin Price Prediction 2030 is $37.6.

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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