Topic: SONM is the most undervalued coin of 2018, here's why (Read 184 times)

I agree SONM is a sleeping giant... with livenet release I expect more big partnerships

I find no evidence of a coin called xdm being in existence. What's the full name?

Also, what i mean with undervalued is the ratio between how much sonm is worth now, and how much it'll be worth once the mainnets are live. There's coins that are undervalued at 500$, and coins that are overvalued at 0.005$. If this xdm doesn't add any value to the market (project has heavy competition and no USP's, project adds blockchain where it isn't needed, project tries something that's impossible), then it's not undervalued.

For mi the most undervalued is XDM.Only 1 Satoshi. Should be 40 or 50.

I invested in this project on ico. The price since then has even fallen slightly relative to Ethereum, but I also think that this is a long-term project that will bring us good results in 2018-2019, so I keep the coins of this project for a long time

I agree,SONM is good  coin.But the space is crowded with similar copy cat coins.I think by end of 2019 SONM should be above $5 atleast

Definitely agree with you, SONM are one of my favourite projects in the whole crypto space.  They have a very dedicated, hard-working team and have been working away solidly on delivering a working product.  I've been invested in them for about 6 months now & may well get some more shortly.

The lack of media attention is a valid point, but perhaps that is partly because the team are not prioritising things like that.  Similar projects like Golem may have suffered from that as well.  Overall though, this is a good thing - let the project build and mature quietly, then when it is ready, the media attention will come.

I'll tell you why it shouldn't rise higher first. Sonm is a utility token, which means it's primarely bought to use, unlike for example bitcoin which is bought way more to store and hodl. Because it's bought to use, we're seeing something that's called the velocity principle, which means assets don't rise in value because it's constantly being bought and sold, bought and sold, keeping prices relatively stable. Now, the reason why sonm will still rise despite the velocity principle, is because the number of tokens is limited. Both users and investors will buy the tokens either to keep as an investment, or to keep and spend later, and when inevitably more and more buyers will enter the network (because it's 5x cheaper than traditional sources), the price of the token will also rise, and to my estimations it'll probably be worth over 10$ a piece in less than 2 years from now.

To answer your concern that the tokens shouldn't be too expensive; the tokens can be worth 100$ each, but the fiat price of the network will remain the same. When a deal is agreed upon between two parties, for example buying x amount of computing power during 1 year, the buyer pays the seller whatever the price in dollar of that amount of computing power is at that time. This way, when in a year or two lots of companies are using the network, the token price can rise upwards of 20$ a piece, the price for computing power will remain the same in dollar.

Very well unknown coin this id is mate. Do not worry about thid coin at all. I see many projects came to market and not reached to people even they have the good potential content on their project. First we need to check the project white paper which go boom after the coin has been launched.

SONM is not have the big potential mate. There are many coins which is top rank in the market for long time but not reaching expected value for the each coins rate.

Very interesting topic which was pleasant to read. I agree with you that SONM is good project with great team, as you mentioned with great partners also.
But can you tell me please why the price should rise and reach x20?
Can you tell me please the economic of this project? In my opinion it is bad for SONM project when the price on token is too high. This will mean that mining(I mean fog calculating, mining is not correct but simple) will become too expensive. How will calculate this perfect balance when customers will get cheap calculation of their data and also workers will get profit higher than from usual mining?

I have bought sonm when the price was 4000 satoshi.. it's been 8 month but so far Sonm is not doing good.. I don't know what is making them so slow while many more projects who started their ICO later but stilll crossed sonm in marketcap and  value.
I just hope SONM won't disappoint us.

many have lot of expectations for Sonm coin this year the coin should pump for sure market is expected to raise and sonm is expected to stay in coinmarketcap top 100 coins

I strongly believe SONM is going to go x20 this year, x50 before 2019 is over. Here's why:

Crypto mining is extremely expensive and energy consuming. Also, there are tons of companies outside the cryptoworld as well that need a lot of computing power to function, for example game servers, movie studios, research and development centers, scientific institutions, ... If SONM could power those markets through the network, it would save the world hundreds of billions a year.

Their whitepaper is the greatest one I've ever read, very detailed and clear.

The team is very skilled, active and transparant.

They've got a few great partnerships (dbrain, selectel, strorj, Aion, hacken, ...) and they're part of the open fog consortium and cloud28+ program.

My biggest argument however is the sheer lack of exposure and following this coin currently has, which is about to change; they're going to be speaking at the coindesk consensus event this may 17th. Last years consensus event sparked the december 2017 bull rally. As you know, some companies like IOTA spoke at the event, resulting in massive gains.That time, about 2000 people were in attendance. This year, Sonm will be among giants like VeChain, speaking to about 4500 people. The good thing about the consensus event is that it's barely a few weeks before Sonm crypto mainnet goes live in June. This will show non-crypto companies what sonm can do, which will get them excited to join the general mainnet going live in august. I believe this also will trigger incredible gains.

My estimates are that we'll see Sonm go x10 from here on out before june is over, and x20 before this year is over. What do you guys think?

Also, always DYOR, I've spent a lot of time reading about sonm and following them on all possible media, but that doesn't mean you should blindly follow my reasoning.