What is SONM? Why is it trending in the crypto world?

Highlights

• SONM (SNM) crypto offers cloud services based on dispersed customer-level hardware such as PCs, servers and mining equipment.
• SNM is a Sony computing power marketplace internal currency that enables users to access SONM resources.
• Those with an inquisitive mind should explore SNM since it has the potential to offer a good investment return due to its innovative technology.

In the crypto realm, Bitcoin, Ethereum, Dogecoin, and Shiba Inu are the hottest coins. However, the crypto world is mysterious; therefore, it is only natural to be more inquisitive regarding profitable cryptos that may offer a higher return on investment than market leaders.

So, do you ever feel like branching out to other cryptos. If yes, then why you should put off the urge to learn more about emerging ones. For example, SONM cryptocurrency is now soaring in value, giving good returns to its holders.

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So, what is SONM?

SONM (SNM) offers cloud services based on dispersed customer-level hardware such as PCs, servers and mining equipment. Renting out hardware or utilising someone's computing power are also other options available.

SNM is a Sony computing power marketplace internal currency that enables users to access SONM resources. SNM has tremendous growth potential due to its advanced technology. According to Coingecko, SNM has risen by 120% in 24 hours on 9 November 2021. In addition, it has soared by 9,236.1 % in one year. SONM is now trading at US$0.693250, with a 24-hour volume of US$ 28,763,169 on 10 November at the time of writing.

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What are the driving forces behind SNM's meteoric rise?

SONM provides a global compute platform and real-world applications. It can do a wide range of tasks, including scientific calculations, CGI rendering, and gaming. It is also operated as a global, decentralised marketplace. It connects suppliers who are ready to share their idle computer capacities, such as laptops, PCs, and servers, with people looking to rent that power for their projects.

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However, by utilising a fog computing structure, SONM provides a viable and cost-effective alternative to cloud products and services. This shared resource pool enables us to offer on-demand, infinite, and efficient processing power.

All of these factors have propelled SONM's ascent and grown its value, making SNM more valuable.

What are SONM’s goals?

The following is a list of the goals that SONM is pursuing.

• Building a global decentralised marketplace for computing power that is ownership-free, open-source and less expensive than centralised cloud providers.
• To make decentralised computer resources available to corporations and individuals in any quantity they need.
• Empower hardware owners to earn from the rental of computing power.
• Establish a credible alternative to the cloud computing behemoths that currently control the planet.
• Build a platform for future-oriented applications. These are decentralised applications with a microservices-like design that can scale horizontally and endure the loss of individual nodes.

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Where and how can you buy SNM?

Users cannot buy SONM directly, but they may purchase Bitcoin or Ethereum and then swap it for SONM.

Wallets accepting SNM

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• Ledger crypto wallet - Hackers target phones and laptops. To steal passwords, websites use malicious code. Scammers dupe people by making them click the link that steals information from their computers. Hence, Ledger hardware wallets are a vital line of defence to keep SONM from being stolen.
• Trust crypto wallet - Trust is a cryptocurrency wallet for mobile phones and enables users to transmit, receive and store a variety of cryptos, notably SONM.
• BRD crypto wallet - BRD is a type of mobile wallet. It permits users to create a variety of crypto wallets, including SONM-compatible wallets.
• MyEtherWallet - It is a web service for creating Ethereum wallets. SONM operates on the Ethereum blockchain.

The road ahead

Emerging crypto coins like SNM are gaining traction in the market because of people who, with an inquisitive mind, are ready to take a bit of a risk. For those who enjoy taking a bit of risk, the crypto market is the most excellent place to go. Everything is on the table, from the granddaddy of all cryptos (Bitcoin) to the favourite crypto of the younger generation, Shiba Inu, to emerging altcoins, ready to embark on a growth journey.

The idea is to keep triggering the inquisitive mind to explore anything new in the market

since it has the potential to offer a good investment return due to its innovative technology.

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