Convert Sommelier SOMM to Nigerian Naira NGN
SOMM to NGN: 1 Sommelier converts to NGN 0.62 NGN as of February 13 at 1:04 AM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is NGN 0.62 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of NGN 229,087,841.15. The amount of Sommelier traded has risen by NGN 61,698.79 in the last 24 hours, which is a 23.41% increase. Additionally, in the last day, NGN 263,543.18 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is NGN 0.62 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 3.08 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 1.62 SOMM while NGN 50.00 NGN would convert to 81.12 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 9.81%. Meanwhile, in the last 24 hours, the rate has changed by 17.33%, and that the highest exchange rate of 1 SOMM to NGN was NGN 0.63 NGN and the lowest 24 hour value was 1 SOMM for NGN 0.52 NGN. Last month, 1 SOMM was worth NGN 1.15 NGN. Today, it's down 43.65%. Looking back a year, Sommelier has changed by NGN 10.54 NGN. That means that in a single year, the value of Sommelier has shrank by 93.46%.
Sommelier Market Stats
Sommelier is a non-custodial, cross-chain platform for executing actively-managed DeFi investment strategies. Community members can create Cellars that execute on an investment strategy through smart contracts. Cellars are powered by Strategy Providers (SPs) who develop trading strategies and send the recommended actions to the Sommelier Validators to be executed on the Cellar with the intention of gaining yield. Cellars can be strategies like: A portfolio of BTC and ETH that is rebalanced based on price trends that machine learning algorithms identify An NFT trading strategy that leverages Twitter sentiment around particular collections A strategy that hedges liquidity provision on DEXes Sommelier employs a unique architecture consisting of the Sommelier Cosmos SDK blockchain, an off-chain execution environment that keeps strategies private while allowing them to leverage a wide variety of off-chain data modeling techniques, and one of the best performing ETH bridges. Strategy instructions are passed across this bridge to reposition assets in Cellars. This bridge is also being expanded to allow access to other chains (like Polygon, Avalanche, etc) so strategies are not tied to just high gas ETH markets. Sommelier aggregates and batches transactions, thereby reducing gas fees, providing an attractive alternative to Ethereum’s high transaction costs. As for security, Sommelier uses a decentralized governance mechanism run by validators, ensuring state-of-the-art safety of user funds. Validators pass strategy instructions across the bridge, but users’ assets are never moved across it, instead being deployed directly into Cellars. Further, Cellars are non-custodial, meaning that users can withdraw their assets at any time, while strategy providers never have ownership of those assets.
Conversion tables
SOMM to NGN values from Today at 1:04 am
0.5 SOMM = NGN 0.31 NGN |
1 SOMM = NGN 0.62 NGN |
5 SOMM = NGN 3.08 NGN |
10 SOMM = NGN 6.16 NGN |
50 SOMM = NGN 30.82 NGN |
100 SOMM = NGN 61.64 NGN |
500 SOMM = NGN 308.20 NGN |
1,000 SOMM = NGN 616.39 NGN |
NGN to SOMM values from Today at 1:05 am
NGN 0.50 NGN = 0.81 SOMM |
NGN 1.00 NGN = 1.62 SOMM |
NGN 5.00 NGN = 8.11 SOMM |
NGN 10.00 NGN = 16.22 SOMM |
NGN 50.00 NGN = 81.12 SOMM |
NGN 100.00 NGN = 162.23 SOMM |
NGN 500.00 NGN = 811.17 SOMM |
NGN 1,000.00 NGN = 1,622.35 SOMM |
SOMM to NGN over time
SOMM | Today | 24H 14.86% | 1M -86.81% | 1Y -1,609.92% |
|---|---|---|---|---|
0.5 SOMM | NGN 0.31 NGN | NGN 0.26 NGN | NGN 0.58 NGN | NGN 5.27 NGN |
1 SOMM | NGN 0.62 NGN | NGN 0.52 NGN | NGN 1.15 NGN | NGN 10.54 NGN |
5 SOMM | NGN 3.08 NGN | NGN 2.62 NGN | NGN 5.76 NGN | NGN 52.70 NGN |
10 SOMM | NGN 6.16 NGN | NGN 5.25 NGN | NGN 11.51 NGN | NGN 105.40 NGN |
50 SOMM | NGN 30.82 NGN | NGN 26.24 NGN | NGN 57.57 NGN | NGN 526.99 NGN |
100 SOMM | NGN 61.64 NGN | NGN 52.48 NGN | NGN 115.15 NGN | NGN 1,053.98 NGN |
500 SOMM | NGN 308.20 NGN | NGN 262.40 NGN | NGN 575.73 NGN | NGN 5,269.91 NGN |
1,000 SOMM | NGN 616.39 NGN | NGN 524.80 NGN | NGN 1,151.46 NGN | NGN 10,539.82 NGN |
Frequently asked questions
Right now, 1 Sommelier is worth about NGN 0.62.
Based on the current rate, you could get 1.62 SOMM for 1 NGN.
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
You can use our SOMM to NGN calculator at the top of this page to convert any amount of SOMM to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 8.11 SOMM. Inversely, 5 SOMM will cost about NGN 3.08
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Titi Financial, MetaSwap, and Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.
