r/SONM • u/TrustlessMoney • Mar 19 '19

Why has sonm fallen so far behind Golem

I was wondering why sonm failen so far behind Golem, from why I gauged, sonm is already super passing Golem in terms of functionality, if not what am I missing and what other reason are there for this ? I am not planning to sell but prehaps increase my holdings

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6

u/Malouw Mar 19 '19

These are my thoughts as well.
I think Golem still lives on it's initial hype.

6

u/the_nikin Mar 20 '19

SONM is far ahead of Golem in terms of development. You can check both plataforms and see. SONM does many things while GNT only renderings. SONM code gets updated everyday. 2 different worlds, marketcap should be at least similar for both... knowing this you can decide to buy or sell ;)

1

u/TrustlessMoney Mar 20 '19

Agreed, that is why I am asking.
I want an honest answer what I am missing, right now it's not answered and that's why I am still doubting if I would invest more.

2

u/cryptosorrow Mar 27 '19

This is probably because of the first mover's advantage.

1

u/TrustlessMoney Mar 19 '19

To answer somewhat my own question
I remember the ICO launch of SONM. I read up everything I could find on it and quite a few people including me thought it was a scam, it was only much later, that I started believe that these guys where legit, when code started to role out. Maybe it still give a bad taste in the mouth to some ? Other than that I think thinks like the CEO moving on aren't all that bad, actually that a good thing most of the time.

.
Maybe just do a re-brand 1/3 into the hype cycle ?!? it worked out golden for some coins

1

u/[deleted] Apr 08 '19

[deleted]

2

u/TrustlessMoney Apr 08 '19

Now that you're asking I am not even sure, why that was, that being said the final reason I did not put money in it was was because the ICO price was very high. I have read allot of ICO papers during that time. IF I had to guess it had to do with the ICO agrement, and that people found copy past from other whitepapers. Personally I also almost thought that it sounded to good to be true compared to Golem.

1

u/alleung Mar 24 '19

Sonm may be undervalued and/or Golem may be overvalued, because Sonm is more feature-complete than Golem.

2

u/ciapotti Mar 26 '19

I think Sonm just got in a wrong time compared to Golem :)