Convert Sommelier SOMM to Indian Rupee INR
SOMM to INR: 1 Sommelier converts to ₹0.0933 INR as of June 13 at 3:35 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is ₹0.0933 per SOMM. With a circulating supply of 340,928,307 SOMM, it means that Sommelier has a total market cap of ₹31,935,154.67. The amount of Sommelier traded has fallen by -₹37,012.53 in the last 24 hours, which is a 67.61% decrease. Additionally, in the last day, ₹54,741.72 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is ₹0.0933 INR. In other words, to buy 5 Sommelier, it would cost you ₹0.4667 INR. Inversely, ₹1.00 INR would allow you to trade for 10.71 SOMM while ₹50.00 INR would convert to 535.68 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 24.03%. Meanwhile, in the last 24 hours, the rate has changed by 12.99%, and that the highest exchange rate of 1 SOMM to was ₹0.11 and the lowest 24 hour value was 1 SOMM for ₹0.0867 . Last month, 1 SOMM was worth ₹0.20 . Today, it's down 53.03%. Looking back a year, Sommelier has changed by ₹3.98 . That means that in a single year, the value of Sommelier has shrank by 97.72%.
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.
Buy Sommelier with Coinbase Wallet
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Buy Sommelier with Coinbase Wallet
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Frequently asked questions
How much is 1 Sommelier in INR?
Right now, 1 Sommelier is worth about ₹0.0933.
How much SOMM could I buy for 1 INR?
Based on the current rate, you could get 10.71 SOMM for 1 INR.
How much has the price of Sommelier changed?
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
How do I calculate or convert SOMM to INR?
You can use our SOMM to INR calculator at the top of this page to convert any amount of SOMM to INR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 INR is equivalent to 53.57 SOMM. Inversely, 5 SOMM will cost about ₹0.47
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 Suiman, Bumper, and ScapesMania. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
Buy Sommelier with Coinbase Wallet
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
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