SONM Easy 5-10x

[jd218]

I want to present my speculation of why SONM will be at least a great medium term investment. I realize that the ICO didn't go as many had planned, but it now is in a very undervalued state based on the following:

1) Extremely active development on their github: https://github.com/sonm-io. I've been watching for the past couple of weeks, and the amount of code being pushed is impressive. I'd like to quickly compare it to their competitor, Elastic (holding a market cap twice as high), on their github: https://github.com/elastic-coin. The difference is pretty astounding to me. This either justifies investing in SNM, or divesting XEL.

2) Upcoming exchanges: a recent reddit thread, https://www.reddit.com/r/SONM/comments/6wdq3n/sonm_first_meeting_of_russian_community/, has testimony of someone saying they received some sort of firsthand information that SONM is in talks with a "big exchange".  Once listed on a major exchange, SONM will receive some organic exposure that it needs to grow. This post also details that the team has hired a PR and marketing team, that there will be "a couple of big news in September" (funny language there), and that SONM is targeting Asian markets.

3) Technicals: looking at the price graph since release, SONM has pretty much bottomed out. Now this isn't a guarantee for growth, but I encourage you to take a look and tell me what your reaction is. Moreover, some supercomputing competitors like Golem and Elastic have much higher market caps, which can speak to the potential room for growth.

Overall, I'm pretty bullish in the medium term. I'm not sure if SONM has what it takes to be a great investment, but I'm pretty confident it has what it takes to be a decent one for the near future.

Thoughts?

[pickleRick]

That is pretty interesting. Amount of code for both projects is vastly different.

XEL: http://imgur.com/iMZIXyf
      - Code for the XEL miner
 

SONM: http://imgur.com/noS8lzI
      - Code for core includes miner and more.
  
           http://imgur.com/TxXlNL3
      - Code for their The-Factory project where all their smart contracts are located.


Circulation is another thing to look at though and:

XEL - has 86,023,008 XEL circulation w/ a max of 100,0000 XEL
SONM - has 331,360,000 SNM w/ a max of 444,000,000 SONM

[asriloni]

It easy for sonm to be 5 - 10x below the ico price. it's not about the code or development of the sonm, but the token of sonm has a purpose to be the security and that was not a good thing in my opinion, And I believe another big exchange site such as bittrex will never add sonm token. Sonm token is a dividend token.

[ahhha]

it's an abandoned joke project. all the way down to 0

[DGulari]

Sonm token is a dividend token.

Such a bullshit from spammer. SONM isn't a dividend token nor will give dividend to their holders. I would like give you a advice to read SONM ANN thread and understand about their token first.

[Weawant]

Sonm token is a dividend token.

Such a bullshit from spammer. SONM isn't a dividend token nor will give dividend to their holders. I would like give you a advice to read SONM ANN thread and understand about their token first.

I'm sure that he didn't read the whitepaper of the SonM nor been following it for a while since he doesn't know on what he is talking onhere. And in My opinion Sonm is been buried and been dump by many of there holders and surely this coin will get a hard way to pump and came back to its highest price.

And to many assumptions scattering that this project is scam.

[pey]

If everything had gone well through ico and after the ico, Sonm might be at $0.3 now but it is going well now and there is really a opportunity of x5.

[Bowtiesarecool]

I'm looking towards SONM for great things if they stick to their roadmap and schedule

[Chefironside]

Sonm is a good project. Even if the course has gone down many investors have not sold their token. The next months the token owners will be rewarded . The updates will shift the course upwards .
@jd218: An excellent report. Really well written  . The hodl will be the winners

[SmartW]

it's an abandoned joke project. all the way down to 0

SONM is probably a scam

[Baiazid]

I cant trust sonm project anymore after the faulty way they managed their ico and after being dumped so much under the ico price...

[Crytocoin]

If a good trader opens up, it can make 5x. I trust . I will not sell my junk.

[followmenot]

There are quite big disinformation about SONM project here on btctalk for sure. I don't think its scam or scammy. And I don't think it will do 5x that easy. It will be better after more updates and these "oh scam!" cries.

[jd218]

it's an abandoned joke project. all the way down to 0

SONM is probably a scam

I can't take these comments seriously because the team is hiring members, committing code to github, and planning on releasing news & milestones in the near future. Do you have any evidence to back up your claims?

[dadonn]

I appreciate OP's mention of their activity which does speak positively. However, there is nothing to suggest that the SONM should grow as a result.

Consider the super computing space, which actively existed before the blockchain, how large is the market? What's to suggest that SONM deserves the same or similar share XEL or GNT? I wouldn't try to sell someone on my soft drink company by telling them how much of the market coke and pepsi own. To then try to convince them that I deserve to have X percent of the market share because I'm also in the soft drink business makes even less sense.

GNT and XEL have a head start, no ICO screw ups which effectively makes them the existing coke and pepsi. Moreover, they has been no major mismanagement and XEL is a different model that I won't get into. How large of a market is the super computer in the first place? Does anyone know? Why would SONM gain penetration in this market? Because they've been active on Github?

This type of thin speculation is how people lose big, sorry to say. In a phenomenally bull market you can get lucky which is why sectors get hot and cold. Credit card coins have been big but I would not have wanted to buy TenX when it was 70% higher than it is now and it just pumped. I wouldn't want to have bought Monaco at 27USD etc. Anonymity coins- Monero is the monster, lots of coins have anonymity potential- XVG, Zen, Dash etc. What happens when the space cools off? It's only a short run. Advertising got hot too-

Super computing has already had a run. That's how GNT got to be a quarter billion project. Is the sector going to come back and get hot again? Why? Credit cards are big business and Stripe, Paypal and the rest have grown immensely. You can see why someone thinks one or more these has potential and would place a bet. Still, most people don't realize that the successful credit cards have their own network and collect all the fees. It goes on from there. I have nothing against SONM nor GNT nor XEL but let's get real about what would make a coin go up 500%-1000%.

And of course you say, "Easy 5-10X." That's embarrassing. You don't have the authority nor the information to make this claim or even speculate.

[artmen007]

That is pretty interesting. Amount of code for both projects is vastly different.

XEL: http://imgur.com/iMZIXyf
      - Code for the XEL miner
 

SONM: http://imgur.com/noS8lzI
      - Code for core includes miner and more.
   
           http://imgur.com/TxXlNL3
      - Code for their The-Factory project where all their smart contracts are located.


Circulation is another thing to look at though and:

XEL - has 86,023,008 XEL circulation w/ a max of 100,0000 XEL
SONM - has 331,360,000 SNM w/ a max of 444,000,000 SONM

I think Xel has much more potential than the sonm. They have almost finished product in contrast to the sonm. In Just not yet promoted in marketing. They can very powerfully shoot.

[r0bb0]

There are quite big disinformation about SONM project here on btctalk for sure. I don't think its scam or scammy. And I don't think it will do 5x that easy. It will be better after more updates and these "oh scam!" cries.

I've seen a lot of fud but can't seem to get any real answers, maybe its competitiors or people trying to keep the price down to accumulate, can't figure it out.

[ArdiPrabowo]

sonm price is very dificult incraese very high
until now sonm price still under ico, ico price 5k satoshi, this now still under 2k satoshi

[Chefironside]

There are quite big disinformation about SONM project here on btctalk for sure. I don't think its scam or scammy. And I don't think it will do 5x that easy. It will be better after more updates and these "oh scam!" cries.

I've seen a lot of fud but can't seem to get any real answers, maybe its competitiors or people trying to keep the price down to accumulate, can't figure it out.

The problem is that here is not much communication is made by the devs.
Little info means little interest from investors . They want to read news here and not on slack or somewhere else
But they only wrote a lot when they needed money. Now they have money and do not write anymore.
People say the developers have no time to write! This is silly. Everyone has an hour time on the day here the news

[sezyumx]

It's got potential . Than not but needs a little more time.