SNM Crypto
| SNM Crypto | USD 0 0.000007 0.23% |
Performance0 of 100
| Risk Of DevaluationLess than 44
|
SNM is trading at 0.003017 as of the 5th of May 2024, a -0.23 percent down since the beginning of the trading day. SNM has about a 44 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Cryptocurrency ratings for SNM are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2024 and ending today, the 5th of May 2024. Click here to learn more.
SNM is peer-to-peer digital currency powered by the Blockchain technology. More on SNM
Moving against SNM Crypto Coin
| 0.74 | TONCOIN | Open Network | PairCorr |
| 0.73 | ONDO | Ondo | PairCorr |
| 0.67 | NEAR | Near | PairCorr |
| 0.6 | WBTC | Wrapped Bitcoin | PairCorr |
| 0.57 | SOL | Solana | PairCorr |
SNM is an internet market maker for peer-to-peer digital currency indicated as Cryptocurrency. SNM has been active in the last 3 months, and it is now trading with a bearish sentiment. Cryptocurrencies such as SNM are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as SNM are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
SNM Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. SNM's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding SNM or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
| Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
SNM is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on few exchanges in multiple currencies. SONM is a decentralized supercomputer that allows users to monetize their idle hardware and provides various services from hosting to scientific calculations. It operates on a fog computing structure to reduce middlemen fees and provides cloud services based on distributed customer-level hardware. Users can either rent out their hardware or use someone else's computing power for their needs. The SNM token is used to buy and sell computational power within the SONM network. | |
| Other Smart Contract Address | View |
| Industry | Information and Communication |
| FINMA | Asset |
| FCA | Asset |
| Access | Permissionless |
| Collateralized Asset | No |
| Symbol | SNM |
| Name | SNM |
| Sponsored | false |
| Built On | BNB |
| Decimal Points | 18.0 |
| Is Trading | true |
| Asset Launch Date | 2017-06-15 |
| Full Name | SONM (SNM) |
| Asset Website Url | https://sonm.io/ |
| Asset Token Status | Finished |
| Platform Type | token |
| Coin Name | SONM |
| Total Coins Mined | 44.4 Million |
| Smart Contract Address | View |
SNM (SNM) is traded on CRYPTO Exchanges. SNM is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Nano-Cap' category with a current market capitalization of 16.52 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SNM's market, we take the total number of its shares issued and multiply it by SNM's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
SNM's Exchanges and Markets
SNM Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. SNM market risk premium is the additional return an investor will receive from holding SNM long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in SNM. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although SNM's alpha and beta are two of the key measurements used to evaluate SNM's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 4.39 | |||
| Standard Deviation | 6.21 | |||
| Variance | 38.62 | |||
| Risk Adjusted Performance | (0.01) |
SNM Technical Analysis
When it comes to investing in cryptocurrency, such as SNM, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of SNM, which is currently traded at 0.003017, shows everything you need to know about SNM market value. You don't have to consider the fundamental factors that affect a crypto asset, such as SNM, to determine its price movements. However, the SNM's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so SNM's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project SNM's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. SNM Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe SNM price patterns.
SNM Against Markets
Picking the right benchmark for SNM crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in SNM crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for SNM is critical whether you are bullish or bearish towards SNM at a given time. Please also check how SNM's historical prices are related to one of the top price index indicators.
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in SNM without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
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| All Next | Launch Module |
How to invest in SNM
You need to understand the risk of getting into digital currencies such as SNM before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in SNM in four ways:Buy SNM through an exchange
Get yourself a crypto wallet before embarking on your SNM journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase SNM. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of SNM through an exchange
You don't have to buy a full token when starting out since SNM is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade SNM through a broker
If you don't want to store your SNM Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in SNM through an exchange-traded fund (ETF)
You can also invest in SNM through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having SNM in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SNM. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.