2019: Which ICOs Are Now Thriving Firms? (Part 1 of 3) | Hacked: Hacking Finance
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2019: Which ICOs Are Now Thriving Firms? (Part 1 of 3)

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2019: Which ICOs Are Now Thriving Firms? (Part 1 of 3)

Introduction

This article was posted on Wednesday, 22:07, UTC.

Writing about ICOs and cryptocurrencies, due to the fast-paced nature of the markets and how we can see literally insane levels of growth or depression, it’s easy to become solely focused on short-term strategies and probabilities.

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Just like every romantic encounter can produce a child who grows into a billionaire or a janitor, every ICO is creating a company or product which must now navigate its way into the world. In this three-part series, the author makes predictions on a few ICOs he believes will stand the test of time.

Often during this series, you will notice that the author is an active investor or participant in the thing he is writing about. We hope you keep this in mind when reviewing all forward-looking statements from the author, who is not a registered financial advisor nor wishes you to strictly follow his advice instead of your own intuition.

SONM

Looking at the SONM charts this morning, the author was surprised to learn it was trading at just about 8 cents each. Had to pick up a few, but not so many that he is locked into a position, or potentially misses out on cheaper buys in coming turbulence. Since purchase, price has risen about .0001 Eth, and it’s hard to see where it will go from here. Price is not the reason the author is mostly interested in SONM, however, at least not while it is in Alpha stage. The author thinks that long-term, SONM tokens will have an extremely high value for industry players that require them. Their model threatens the likes of Amazon AWS, Digital Ocean, and even Google Cloud Compute. As the author wrote in his initial analysis of SONM:

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These corporations are able to offer affordable rates through scaling. But what if the scale was market-driven, infinitely expandable and downsizable, and could be contributed to by most devices in the world? And what if you, the daily user, could sell your unused computing resources to a massive decentralized network in order to offset your broadband and other costs, or even to profit? That’s the idea behind the Supercomputer Organized by Network Mining (SONM): a global, decentralized, incentivized cluster of computing power, and one of a few promising plays in the distributed computing market.

The goal is to have around 100,000 SNM out of the total 444 billion. The author is still in the acquisition phase, so there is a profit-taking order placed at .001 Eth per SONM. In the event of a spike, a 400% return is acceptable, and the author can simply retain 25% of the tokens for later use. Because on the long scale, this is the sort of thing that will actually have value. SNM tokens may be trading cheaply now, but so were NEO shares not long ago.

Before SONM will start to snowball in value, it will need to launch an actual product. Their alpha launch is said to be a bit messy, requiring a Docker installation for miners, which is unusual but probably worth the excess hassle.

Disclaimer: This author has invested a small amount in SNM tokens. Do your own due diligence on any information received from Hacked.com.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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P. H. Madore

P. H. Madore

http://phm.link

P. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link

Comments
  • user

    AUTHOR Erikbigelow

    Posted on 10:17 pm August 16, 2017.

    They just gotta beat Siacoin who has a big head start, but Siacoin needs better marketing. Looking forward to the rest of this series.

    • user

      AUTHOR NoHomeJerome

      Posted on 10:29 pm August 16, 2017.

      Actually, if I understand correctly, Siacoin is for storage, while SONM is for computing power, so they are not competing with each other.

      • user

        AUTHOR Erikbigelow

        Posted on 11:25 pm August 16, 2017.

        Doh! I meant Golem. Although siacoin kinda has the same issue.

  • user

    AUTHOR ekencu

    Posted on 11:41 pm August 16, 2017.

    444 million, not billion!
    Regards.

  • user

    AUTHOR godishere

    Posted on 5:34 am August 17, 2017.

    that’s it? Dude write more posts, this frequency is not enough for the subscription.

  • user

    AUTHOR JBGregory

    Posted on 9:31 am August 17, 2017.

    Which exchange are you using to buy the coin?

  • user

    AUTHOR bens

    Posted on 4:16 am August 18, 2017.

    if we didnt make the ICO do you recommend picking some up now while it is still cheap? if so where / which exchange can we buy?

  • user

    AUTHOR harrybrar77

    Posted on 4:29 am August 18, 2017.

    I think Somn will do good. Golem doesn’t even alpha out yet.

  • View Comments (9) ...
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