SNM Price Prediction 2023, 2025, and 2030. Will SNM coin all time high last long?
SNM Price Prediction: The data indicates that the need for cloud services will further increase in the near future and hence, SONM can find a good place for itself.
SNM Price Predictions: What is SNM used for?
SNM is the native currency of the SONM platform which is primarily used as a mode of payment for computational resources. The maximum supply of SNM tokens is 444 million.
Note that SNM cannot be directly mined i.e., you can first mine either BTC or ETH and then trade them for SNM. Another way to earn SNM is by renting your computational power on the SONM marketplace.
Let’s briefly discuss three main use cases of SNM:
- Users can purchase computational power (when in need) with the help of SNM tokens.
- SNM holders can access various resources available on the SONM network, including Video rendering and video streaming.
- SNM tokens are used to settle orders and transactions on the SONM platform.
SNM tokens are ERC20 tokens which means that these can be stored in any wallet supporting Ethereum, such as MyEtherWallet and Exodus.
SNM Price Prediction
The current market price of the SNM token at the time of writing is $0.926 and is down by nearly 7.8% in the past 24 hours.
Before predicting whether SNM is expected to go up or down in the coming future, let us first overview its price history for the past few months. Its performance in the past months can help us gain the required context for the future. Let’s discuss:
SNM’s 3-month graph depicts that its price has increased by more than 81% in three months, though the increase was not consistent. Its market price three months ago was $0.17 and then peaked at $8.2 three days ago. Since then, the price is again declining.
If we look at its 1-month graph, we can easily say that the pattern is almost similar to its 3-months graph. One month ago, SNM was priced at $0.25 and is increased by more than 73% since then.
As we can see that SNM crypto is performing quite well for a few days, let’s also analyze other factors to predict its future price.
Is SONM really needed?
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 upon 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.
Why is SNM going up already?
As we can already see (through the graphs attached above) that SNM’s price saw a sudden hike. Its price was $0.17 at the time of its launch and now it has grown up by 81%.
Not only this, the price reached its all-time high value of $2.23 (just a few days ago). The noteworthy point here is that the price was very much consistent since the last week; it saw a sudden increase and then the price started to drop again.
So, why was it rising suddenly? There are speculations that the sudden increase can be an indication of a pump and dump because the price started to fall soon after the hike. It is because the SNM coin wasn’t much active among the traders and hence, could be the easy target of the pump and dump activities.
On the other hand, we can certainly not deny the use cases of the SONM platform. Also, SNM is listed on five exchanges and Binance is one of them. Its listing on Binance is another reason that can make this popular among traders.
SNM Price Prediction: 2023, 2025 and 2030
Although Price predictions are never cent per cent accurate, proper research and analysis can predict a lot about the movement in prices.
SNM’s all-time high price is $2.23 which it achieved three days ago and is currently down by more than 140% from its all-time high value.
Note that the past movements of any token can predict a lot about its future trend. Hence, let’s find out its price prediction for the coming years based on analyzing its price movements and other factors:
SNM Price Prediction 2023
As per the Price Prediction, in 2023 the SNM price is expected to go above an average price level of $2.29, and the expected minimum price value of SNM by the end of the current year should be $2.21. It can reach a maximum price level of $2.73.
SNM Price Prediction 2025
As per the Price Prediction, in 2025 the SNM price is expected to go above an average price level of $5.12. The expected minimum price value of SNM by the end of the current year should be $4.95. It can reach a maximum price level of $5.82.
SNM Price Prediction 2030
As per the Price Prediction, in 2030 the SNM price is expected to go above an average price level of $32.5, the expected minimum price value of SNM by the end of the current year should be $31.6. It can reach a maximum price level of $37.6.
SNM Price Predictions: About SONM
SONM (Supercomputer Organized by Network Mining) is a decentralization-based fog computing platform. In other words, SONM aims to be a supercomputer which 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).
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.