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Convert Sommelier SOMM to Nigerian Naira NGN

SOMM to NGN: 1 Sommelier converts to NGN 1.58 NGN as of June 16 at 9:47 AM

NGN

About Sommelier

Sommelier is climbing this week. The current price of Sommelier is NGN 1.58 per SOMM. With a circulating supply of 340,961,010 SOMM, it means that Sommelier has a total market cap of NGN 538,095,902.62. The amount of Sommelier traded has risen by NGN 148,239.33 in the last 24 hours, which is a 6.52% increase. Additionally, in the last day, NGN 2,275,134.59 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is NGN 1.58 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 7.88 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.63 SOMM while NGN 50.00 NGN would convert to 31.72 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 14%. Meanwhile, in the last 24 hours, the rate has changed by 2.4%, and that the highest exchange rate of 1 SOMM to NGN was NGN 1.61 NGN and the lowest 24 hour value was 1 SOMM for NGN 1.47 NGN. Last month, 1 SOMM was worth NGN 3.25 NGN. Today, it's down 49.38%. Looking back a year, Sommelier has changed by NGN 69.68 NGN. That means that in a single year, the value of Sommelier has shrank by 97.81%.

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 1.58Current price
NGN 538.10MMarket cap
NGN 2.28MVolume (24h)
341M SOMMCir. Supply

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Conversion tables

SOMM to NGN values from Today at 9:47 am

0.5 SOMM = NGN 0.79 NGN
1 SOMM = NGN 1.58 NGN
5 SOMM = NGN 7.88 NGN
10 SOMM = NGN 15.76 NGN
50 SOMM = NGN 78.81 NGN
100 SOMM = NGN 157.62 NGN
500 SOMM = NGN 788.10 NGN
1,000 SOMM = NGN 1,576.20 NGN

NGN to SOMM values from Today at 9:48 am

0.5 NGN = 0.32 SOMM
1 NGN = 0.63 SOMM
5 NGN = 3.17 SOMM
10 NGN = 6.34 SOMM
50 NGN = 31.72 SOMM
100 NGN = 63.44 SOMM
500 NGN = 317.22 SOMM
1,000 NGN = 634.44 SOMM

SOMM to NGN over time

SOMM
Today
24H
1.71%
1M
-106.48%
1Y
-4,320.80%
0.5 SOMM
NGN 0.79 NGN
NGN 0.77 NGN
NGN 1.63 NGN
NGN 34.84 NGN
1 SOMM
NGN 1.58 NGN
NGN 1.55 NGN
NGN 3.25 NGN
NGN 69.68 NGN
5 SOMM
NGN 7.88 NGN
NGN 7.75 NGN
NGN 16.27 NGN
NGN 348.40 NGN
10 SOMM
NGN 15.76 NGN
NGN 15.49 NGN
NGN 32.55 NGN
NGN 696.81 NGN
50 SOMM
NGN 78.81 NGN
NGN 77.46 NGN
NGN 162.73 NGN
NGN 3,484.04 NGN
100 SOMM
NGN 157.62 NGN
NGN 154.93 NGN
NGN 325.45 NGN
NGN 6,968.08 NGN
500 SOMM
NGN 788.10 NGN
NGN 774.64 NGN
NGN 1,627.27 NGN
NGN 34,840.39 NGN
1,000 SOMM
NGN 1,576.20 NGN
NGN 1,549.28 NGN
NGN 3,254.54 NGN
NGN 69,680.79 NGN

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Frequently asked questions

How much is 1 Sommelier in NGN?

Right now, 1 Sommelier is worth about NGN 1.58.

How much SOMM could I buy for 1 NGN?

Based on the current rate, you could get 0.63 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 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 3.17 SOMM. Inversely, 5 SOMM will cost about NGN 7.88

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 Coalculus, GoCharge Tech, and Tag Protocol. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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