Sumokoin, a fork of the very popular Monero, has undergone a significant re-branding and boy am I excited by the upside of this coin. I wrote last month on how undervalued I believe Sumokoin to be, and with the recent re-branding, I am doubling down on our excitement.

As it stands today (October 23rd, 2017), Sumokoin has a market cap of ~$820K (compared to Monero’s $1,292,140,266) and was recently picked up by LiveCoin. While the volume simply is not there yet (ranges from a mere $7K to ~$20K daily), I am predicting a significant volume spike in the coming months as more and more exchanges begin listing SUMO. With today’s volume, the price is pretty easily manipulated, so it is best not to look day to day.

Additionally, other reviewers have begun to mention the coin’s potential for returns. While many share our sentiment that the upside is there, it is clear that there is skepticism around the necessity of another anonymous coin (see video). However, I trust that the first big fork of Monero will solve some of originator’s issues, and could garner at least a 10x market cap from current prices.

Here, I will quickly highlight a few new brand features that I believe will pave the way for more significant coin adoption.

New Logo/Website

Previous Logo/Branding

Current Logo/Brand

As you can clearly see, the difference is night and day. The new, sleek blue and white logo provides a more technology-focused feel to the coin, while sticking to their Japanese roots with the logo design. I am excited by the color scheme, as cool blue is perceived as trustworthy, dependable, fiscally responsible and secure.

In addition to the overall brand, Sumokoin has updated their roadmap and honed in on the features they want to build on-top of the Monero structure.

The updated roadmap is looking pretty attractive, and the dedicated SUMO team (~3 developers) have shown that they are solid when it comes to deadlines. I am most excited by the mobile wallets slated to release in the second half of 2018. Reducing the barrier to entry for the average crypto investor is a key factor for coins, and as you can see by anything that is added to Coinbase, mobile wallets go a long way to improve adoption, increase trading volume, and pump coin prices.

A cool feature of Sumokoin (like Monero) is that it is truly fungible, meaning that all coins are equal and that it is unlikely any single coin will be blacklisted due to previous illicit transactions. This is actually a huge deal in the world of crypto.

Sumokoin Easy Miner

The final feature I have to mention is the Sumokoin Easy Miner. This has to be one of the most intuitive GUI miners I have come across, and the small (but building) mining community is beginning to establish some solid pools. What’s more is that Sumokoin frequents the top of the list of whattomine as one of the most profitable coins on the market. Even though crypto mining is becoming less lucrative seemingly each day, it is always good to find undervalued coins that can compound your return on mining investment.

So, while Sumokoin’s market cap continues to hover below $1M, I have only one thing to say:

Disclaimer: The author of this article may have a position in one or more of the securities mentioned above. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.