Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.000784 CAD as of December 29 at 11:35 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is CA$0.000784 per SOMM. With a circulating supply of 372,378,651 SOMM, it means that Sommelier has a total market cap of CA$293,168.29. The amount of Sommelier traded has fallen by CA$0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, CA$225.41 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.000784 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.003922 CAD. Inversely, CA$1.00 CAD would allow you to trade for 1,274.96 SOMM while CA$50.00 CAD would convert to 63,748.23 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 7.21%. Meanwhile, in the last 24 hours, the rate has changed by 7.12%, which means that the highest exchange rate of 1 SOMM to CAD was CA$0.000872 CAD and the lowest 24 hour value was 1 SOMM for CA$0.000749 CAD. Last month, 1 SOMM was worth CA$0.0015 CAD. Today, it's down 46.6%. Looking back a year, Sommelier has changed by CA$0.0183 CAD. That means that in a single year, the value of Sommelier has shrank by 95.5%.
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 CAD values from Today at 11:35 pm
0.5 SOMM = CA$0.000392 CAD |
1 SOMM = CA$0.000784 CAD |
5 SOMM = CA$0.0039 CAD |
10 SOMM = CA$0.0078 CAD |
50 SOMM = CA$0.0392 CAD |
100 SOMM = CA$0.0784 CAD |
500 SOMM = CA$0.39 CAD |
1,000 SOMM = CA$0.78 CAD |
CAD to SOMM values from Today at 11:36 pm
CA$0.50 CAD = 637.48 SOMM |
CA$1.00 CAD = 1,274.96 SOMM |
CA$5.00 CAD = 6,374.82 SOMM |
CA$10.00 CAD = 12,749.65 SOMM |
CA$50.00 CAD = 63,748.23 SOMM |
CA$100.00 CAD = 127,496.45 SOMM |
CA$500.00 CAD = 637,482.26 SOMM |
CA$1,000.00 CAD = 1,274,964.52 SOMM |
SOMM to CAD over time
SOMM | Today | 24H -7.50% | 1M -91.34% | 1Y -2,230.90% |
|---|---|---|---|---|
0.5 SOMM | CA$0.000392 CAD | CA$0.000422 CAD | CA$0.000750 CAD | CA$0.0091 CAD |
1 SOMM | CA$0.000784 CAD | CA$0.000843 CAD | CA$0.0015 CAD | CA$0.0183 CAD |
5 SOMM | CA$0.0039 CAD | CA$0.0042 CAD | CA$0.0075 CAD | CA$0.0914 CAD |
10 SOMM | CA$0.0078 CAD | CA$0.0084 CAD | CA$0.0150 CAD | CA$0.18 CAD |
50 SOMM | CA$0.0392 CAD | CA$0.0422 CAD | CA$0.0750 CAD | CA$0.91 CAD |
100 SOMM | CA$0.0784 CAD | CA$0.0843 CAD | CA$0.15 CAD | CA$1.83 CAD |
500 SOMM | CA$0.39 CAD | CA$0.42 CAD | CA$0.75 CAD | CA$9.14 CAD |
1,000 SOMM | CA$0.78 CAD | CA$0.84 CAD | CA$1.50 CAD | CA$18.28 CAD |
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Buy Sommelier with Coinbase Wallet
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