Convert Sommelier SOMM to United States Dollar USD

SOMM to USD: 1 Sommelier converts to $0.0004159 USD as of March 31 at 6:48 AM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is $0.0004159 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of $155,189.00. The amount of Sommelier traded has risen by $78.16 in the last 24 hours, which is a 80.72% increase. Additionally, in the last day, $96.83 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is $0.0004159 USD. In other words, to buy 5 Sommelier, it would cost you $0.0020797 USD. Inversely, $1.00 USD would allow you to trade for 2,404.15 SOMM while $50.00 USD would convert to 120,207.61 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 2.83%. Meanwhile, in the last 24 hours, the rate has changed by 0.79%, and that the highest exchange rate of 1 SOMM to USD was $0.0004224 USD and the lowest 24 hour value was 1 SOMM for $0.0003808 USD. Last month, 1 SOMM was worth $0.0003808 USD. Today, it's up 9.23%. Looking back a year, Sommelier has changed by $0.005386 USD. That means that in a single year, the value of Sommelier has shrank by 92.28%.

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.

$0.0004159Price
$155.19KMarket cap
$96.83Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to USD values from Today at 6:48 am

0.5 SOMM = $0.000208 USD
1 SOMM = $0.0004159 USD
5 SOMM = $0.00208 USD
10 SOMM = $0.004159 USD
50 SOMM = $0.0208 USD
100 SOMM = $0.04159 USD
500 SOMM = $0.208 USD
1,000 SOMM = $0.4159 USD

USD to SOMM values from Today at

$0.50 USD = 1,202.08 SOMM
$1.00 USD = 2,404.15 SOMM
$5.00 USD = 12,020.76 SOMM
$10.00 USD = 24,041.52 SOMM
$50.00 USD = 120,207.61 SOMM
$100.00 USD = 240,415.23 SOMM
$500.00 USD = 1,202,076.15 SOMM
$1,000.00 USD = 2,404,152.29 SOMM

SOMM to USD over time

SOMM
Today
24H
-0.80%
1M
8.45%
1Y
-1,194.79%
0.5 SOMM
$0.000208 USD
$0.0002096 USD
$0.0001904 USD
$0.002693 USD
1 SOMM
$0.0004159 USD
$0.0004193 USD
$0.0003808 USD
$0.005386 USD
5 SOMM
$0.00208 USD
$0.002096 USD
$0.001904 USD
$0.02693 USD
10 SOMM
$0.004159 USD
$0.004193 USD
$0.003808 USD
$0.05386 USD
50 SOMM
$0.0208 USD
$0.02096 USD
$0.01904 USD
$0.2693 USD
100 SOMM
$0.04159 USD
$0.04193 USD
$0.03808 USD
$0.5386 USD
500 SOMM
$0.208 USD
$0.2096 USD
$0.1904 USD
$2.69 USD
1,000 SOMM
$0.4159 USD
$0.4193 USD
$0.3808 USD
$5.39 USD

Frequently asked questions

Right now, 1 Sommelier is worth about $0.0004159.

Based on the current rate, you could get 2,404.15 SOMM for 1 USD.

Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. Since last month, the exchange rate of Sommelier has increased. Since this time last year, the price of Sommelier has decreased.

You can use our SOMM to USD calculator at the top of this page to convert any amount of SOMM to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 12,020.76 SOMM. Inversely, 5 SOMM will cost about $0.00208

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 Bullit, MetaSwap, and Metan Evolutions. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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