Convert Sommelier SOMM to Nigerian Naira NGN
SOMM to NGN: 1 Sommelier converts to NGN 1.69 NGN as of June 13 at 3:21 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is NGN 1.69 per SOMM. With a circulating supply of 340,928,307 SOMM, it means that Sommelier has a total market cap of NGN 574,957,385.21. The amount of Sommelier traded has fallen by -NGN 666,374.80 in the last 24 hours, which is a 67.61% decrease. Additionally, in the last day, NGN 985,564.49 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is NGN 1.69 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 8.43 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.59 SOMM while NGN 50.00 NGN would convert to 29.67 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 23.98%. Meanwhile, in the last 24 hours, the rate has changed by 13.2%, and that the highest exchange rate of 1 SOMM to NGN was NGN 1.92 NGN and the lowest 24 hour value was 1 SOMM for NGN 1.56 NGN. Last month, 1 SOMM was worth NGN 3.69 NGN. Today, it's down 53.05%. Looking back a year, Sommelier has changed by NGN 70.98 NGN. 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.
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Conversion tables
SOMM to NGN values from Today at 3:21 pm
0.5 SOMM = NGN 0.84 NGN |
1 SOMM = NGN 1.69 NGN |
5 SOMM = NGN 8.43 NGN |
10 SOMM = NGN 16.85 NGN |
50 SOMM = NGN 84.26 NGN |
100 SOMM = NGN 168.52 NGN |
500 SOMM = NGN 842.62 NGN |
1,000 SOMM = NGN 1,685.24 NGN |
NGN to SOMM values from Today at 3:22 pm
0.5 NGN = 0.30 SOMM |
1 NGN = 0.59 SOMM |
5 NGN = 2.97 SOMM |
10 NGN = 5.93 SOMM |
50 NGN = 29.67 SOMM |
100 NGN = 59.34 SOMM |
500 NGN = 296.69 SOMM |
1,000 NGN = 593.39 SOMM |
SOMM to NGN over time
SOMM | Today | 24H | 1M | 1Y |
---|---|---|---|---|
0.5 SOMM | NGN 0.84 NGN | NGN 0.96 NGN | NGN 1.85 NGN | NGN 35.49 NGN |
1 SOMM | NGN 1.69 NGN | NGN 1.92 NGN | NGN 3.69 NGN | NGN 70.98 NGN |
5 SOMM | NGN 8.43 NGN | NGN 9.59 NGN | NGN 18.46 NGN | NGN 354.89 NGN |
10 SOMM | NGN 16.85 NGN | NGN 19.18 NGN | NGN 36.92 NGN | NGN 709.79 NGN |
50 SOMM | NGN 84.26 NGN | NGN 95.91 NGN | NGN 184.59 NGN | NGN 3,548.95 NGN |
100 SOMM | NGN 168.52 NGN | NGN 191.81 NGN | NGN 369.19 NGN | NGN 7,097.90 NGN |
500 SOMM | NGN 842.62 NGN | NGN 959.06 NGN | NGN 1,845.94 NGN | NGN 35,489.50 NGN |
1,000 SOMM | NGN 1,685.24 NGN | NGN 1,918.12 NGN | NGN 3,691.89 NGN | NGN 70,978.99 NGN |
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Frequently asked questions
How much is 1 Sommelier in NGN?
Right now, 1 Sommelier is worth about NGN 1.69.
How much SOMM could I buy for 1 NGN?
Based on the current rate, you could get 0.59 SOMM for 1 NGN.
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 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 2.97 SOMM. Inversely, 5 SOMM will cost about NGN 8.43
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.
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