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Convert Sommelier SOMM to Nigerian Naira NGN

SOMM to NGN: 1 Sommelier converts to NGN 3.63 NGN as of September 21 at 8:17 AM

NGN

About Sommelier

Sommelier is climbing this week. The current price of Sommelier is NGN 3.63 per SOMM. With a circulating supply of 368,112,578 SOMM, it means that Sommelier has a total market cap of NGN 1,334,728,148.31. The amount of Sommelier traded has risen by NGN 941,442.22 in the last 24 hours, which is a 36.93% increase. Additionally, in the last day, NGN 2,549,255.50 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is NGN 3.63 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 18.15 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.28 SOMM while NGN 50.00 NGN would convert to 13.78 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 22.22%. Meanwhile, in the last 24 hours, the rate has changed by 13.85%, which means that the highest exchange rate of 1 SOMM to NGN was NGN 4.15 NGN and the lowest 24 hour value was 1 SOMM for NGN 3.17 NGN. Last month, 1 SOMM was worth NGN 1.66 NGN. Today, it's up 124.87%. Looking back a year, Sommelier has changed by NGN 47.77 NGN. That means that in a single year, the value of Sommelier has shrank by 91.8%.

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.

NGN 3.63Price
NGN 1.33BMarket cap
NGN 2.55MVolume (24h)
368.1M SOMMCir. Supply

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Conversion tables

SOMM to NGN values from Today at 8:17 am

0.5 SOMM = NGN 1.81 NGN
1 SOMM = NGN 3.63 NGN
5 SOMM = NGN 18.15 NGN
10 SOMM = NGN 36.29 NGN
50 SOMM = NGN 181.47 NGN
100 SOMM = NGN 362.95 NGN
500 SOMM = NGN 1,814.74 NGN
1,000 SOMM = NGN 3,629.49 NGN

NGN to SOMM values from Today at 8:18 am

NGN 0.50 NGN = 0.14 SOMM
NGN 1.00 NGN = 0.28 SOMM
NGN 5.00 NGN = 1.38 SOMM
NGN 10.00 NGN = 2.76 SOMM
NGN 50.00 NGN = 13.78 SOMM
NGN 100.00 NGN = 27.55 SOMM
NGN 500.00 NGN = 137.76 SOMM
NGN 1,000.00 NGN = 275.52 SOMM

SOMM to NGN over time

SOMM
Today
24H
12.17%
1M
54.27%
1Y
-1,216.05%
0.5 SOMM
NGN 1.81 NGN
NGN 1.59 NGN
NGN 0.83 NGN
NGN 23.88 NGN
1 SOMM
NGN 3.63 NGN
NGN 3.19 NGN
NGN 1.66 NGN
NGN 47.77 NGN
5 SOMM
NGN 18.15 NGN
NGN 15.94 NGN
NGN 8.30 NGN
NGN 238.83 NGN
10 SOMM
NGN 36.29 NGN
NGN 31.88 NGN
NGN 16.60 NGN
NGN 477.66 NGN
50 SOMM
NGN 181.47 NGN
NGN 159.38 NGN
NGN 82.99 NGN
NGN 2,388.29 NGN
100 SOMM
NGN 362.95 NGN
NGN 318.77 NGN
NGN 165.99 NGN
NGN 4,776.58 NGN
500 SOMM
NGN 1,814.74 NGN
NGN 1,593.85 NGN
NGN 829.94 NGN
NGN 23,882.90 NGN
1,000 SOMM
NGN 3,629.49 NGN
NGN 3,187.70 NGN
NGN 1,659.88 NGN
NGN 47,765.79 NGN

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Frequently asked questions

How much is 1 Sommelier in NGN?

Right now, 1 Sommelier is worth about NGN 3.63.

How much SOMM could I buy for 1 NGN?

Based on the current rate, you could get 0.28 SOMM for 1 NGN.

How much has the price of Sommelier changed?

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 increased. Since this time last year, the price of Sommelier has decreased.

How do I calculate or convert SOMM to NGN?

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 1.38 SOMM. Inversely, 5 SOMM will cost about NGN 18.15

How can I buy 1 Sommelier on Coinbase?

Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.

What are assets similar to Sommelier that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including ecoterra, ALIAS, and Marvin Inu (ETH). 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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