in

This cryptocurrency is up over 8000% in 24 hours

This Cryptocurrency Shot Up More Than 8,000% in 24 Hours

In the middle of a bear market Currently, SONM (SNM) has experienced a meteoric rise in prices of over 8000% in 24 hours.

SONM (SNM) quotes on Binance are above $13, up over 8,000% in 24 hours, according to TradingView.

In the same time, SNM price increased by more than 8000% through November 20. On Nov. 14, SNM was trading at $0.15 and hit an all-time high of $13 on Sunday.

Source: TradingView SNM/USD, Binance.

After hitting its all-time high, SONM’s price has dropped over 90% and is trading at $1.12 at press time.

SONM has recorded impressive numbers, but what is SNM?

In addition to the all-time high reached by the price of SNM, SONM trading volume has also increased significantly. exceeded $657 million.

SONM was ranked 88th by market capitalization. However, after a 90% crash, it is in 344th place in the ranking of cryptocurrencies.

The SNM ICO was launched in 2017, the development team quotes the project:

“Provides cloud services based on distributed client-level hardware, including PCs, mining hardware, and servers. You can rent your equipment or use someone else’s computing power for your needs.

Always exercise caution

Despite the exorbitant growth that SONM has experienced, it is important that investors are not blinded by the numbers recorded by this type of token.. After a collapse of more than 90%, this is not necessary, the coin will return to its historical highs again.

The reason for the rise in price of SNM is not exactly known, nor is the dump. Therefore, it is always vital to analyze the fundamentals and evaluate the clarity and seriousness of the project..

In this way, you can avoid any type of scam, scams or other activities that can lead to the loss of money, as happened a year ago with the infamous SQUID token.

Have something to say about SNM or something else? Write to us or join the discussion in our Telegram channel. You can also follow us on Tik Tok, Facebook or Twitter.

Latest BeInCrypto news bitcoin (BTC) analysis, Click here

All information contained on our website is published in good faith and for general informational purposes only. Any action a reader takes in relation to information found on our website is done entirely at your own risk.

Denial of responsibility

All information contained on our website is published in good faith and for general informational purposes only. Any action that the reader takes in relation to information found on our website is done strictly at his own risk.

Written by khirou

Leave a Reply

Your email address will not be published. Required fields are marked *

Mattel launches NFT platform through "Mattel Creations" and moves from WAX to Flow Blockchain

Mattel launches NFT platform through “Mattel Creations” and moves from WAX to Flow Blockchain

Gareth Bale penalty saves Wales in World Cup opener against USA | World Cup 2022