The cryptocurrency called SNM, which is also on Binance, has increased more than 50 times in the last 24 hours. So why is this token so high? What is the SONM project? Let’s see.
Cryptocurrencies, which are thought to be an important part of our lives in the future, are getting more and more popular day by day. However, recently, there has been a big drop in the market, especially after what happened on the FTX stock market. This caused Bitcoin to regress to 16 thousand levels.
Even so, there are still emerging cryptocurrencies. Perhaps the most striking of these is SNM, which has gained high value in the last 24 hours. SNM, the token of the SONM platform, in the last 24 hours to 5000% experienced a recent increase. The cryptocurrency, which is traded at $0.20 at night, is hovering around $10.01 at the time of writing this news. Of course, it should be emphasized that it is necessary to be careful about such fast-rising cryptocurrencies.
What is SNM Coin? Why is it rising?
SNM, which is also traded on Binance, belongs to the SONM platform as we mentioned. SNM was launched in 2017 by Alexei Antonov and Sergei Ponomarev. According to Uzmancoin providing decentralized cloud service and users in the project, which raised $42 million from token sales in its first year, Possibility to rent or use equipment is offered. It is also reported that the platform is very active and used by many people.
So why has SNM increased so much in the last hours? This is because unknown for now. We see that no announcement has been made about the project in recent days. So there is no information about why it has risen so much. In addition, the market value of SNM $444 million levels, the total supply and the circulating supply 44 million 400 thousand SNM Let’s add that.
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