Topic: SONM is the most undervalued coin of 2018, here's why (Read 605 times)

I don't like this project. I hold it but do not watch. Why? I don't trust after some events in 2017. I understand that team work hard and make own product but I don't trust. Today I hold for speculation only and not for idea

Sonm is attending Consensus meeting so in the respect to a meeting happening sonm may come out with some existing tieups and news we can see price hike thereafter

Sonm is attending Consensus meeting so in the respect to a meeting happening sonm may come out with some existing tieups and news we can see price hike thereafter

I am still a big supporter of this coin, I am holding for a long while now and I will not sell because I am very bullish in 2018. I would recommend you to accumulate some more while it is cheap. The profits will be nice! 

Sonm is solid project and can't say the most undervalued but undervalued coin with $124.803.495 USD market cap. If you also consider about sonm's use cases, then you get better sense of how it is undervalued.

https://docs.sonm.com/home/use-cases

Hope you bought it on may 13th, today the price just reach 4900 sat and around 42 cents in USD. SONM is good for both short term profit and long term hold. THey will announce the detail on Masternode pretty soon

Could it be worthwhile thinking about buying SONM for a short-term investment? It should not fall below, and if there is good news, then it will be possible to get a quick profit.

I don't recommend buying sonm for a quick profit. I'm sure you could, I think 1$ will be here before august, but I've made some mistakes selling coins far to quickly (bought a ton of litecoin at 4$, sold it at 12$, if I had held on to them for just a few months longer I could've sold them for 20 times more) so I'm not selling my bag for less than 5$ a coin

Could it be worthwhile thinking about buying SONM for a short-term investment? It should not fall below, and if there is good news, then it will be possible to get a quick profit.

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.

edit: I posted this in the wrong thread a few hours ago so you might see it twice.