SNM Suddenly Surged Nearly 20x On Binance

A dead shitcoin that had an ICO in 2017, SNM, suddenly surged nearly 20x on Binance today.

SONM is a powerful distributed worldwide system for general-purpose computing, implemented as a fog computing structure. It is a viable alternative to cloud solutions and services because of using a fog computing structure.

Consumers of computing power in SONM get more cost-efficient solutions than cloud services. SNM is a native token of SONM.

SONM reached its all-time high price on November 20, 2022, when the price of SNM peaked at $ 4.29. SNM has been displaying high volatility recently. SONM recorded 16 green days in the last 30 days. At the time of writing, the token is trading at

SNM price chart. Source: CoinMarketCap

It has been a while since the company’s official website was updated. Although Binance and Bitget are the only places to trade the currency, the two exchanges did not delist it. Unsure if the issue is a contra-trade involving stolen coins or a lack of liquidity brought on by market makers leaving.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.