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Convert Sommelier SOMM to Canadian Dollar CAD

SOMM to CAD: 1 Sommelier converts to CA$0.0013 CAD as of July 19 at 6:04 PM

CA$

About Sommelier

Sommelier is falling this week. The current price of Sommelier is CA$0.0013 per SOMM. With a circulating supply of 364,039,569 SOMM, it means that Sommelier has a total market cap of CA$349,061.78. The amount of Sommelier traded has fallen by -CA$1,861.60 in the last 24 hours, which is a 48.58% decrease. Additionally, in the last day, CA$3,832.20 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0013 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0066 CAD. Inversely, CA$1.00 CAD would allow you to trade for 761.12 SOMM while CA$50.00 CAD would convert to 38,055.88 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 30.94%. Meanwhile, in the last 24 hours, the rate has changed by 15.4%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0016 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0012 CAD. Last month, 1 SOMM was worth CA$0.0018 CAD. Today, it's down 25.6%. Looking back a year, Sommelier has changed by CA$0.0404 CAD. That means that in a single year, the value of Sommelier has shrank by 96.74%.

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.

CA$0.0013Price
CA$349.06KMarket cap
CA$3.83KVolume (24h)
364M SOMMCir. Supply

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Conversion tables

SOMM to CAD values from Today at 6:04 pm

0.5 SOMM = CA$0.000657 CAD
1 SOMM = CA$0.0013 CAD
5 SOMM = CA$0.0066 CAD
10 SOMM = CA$0.0131 CAD
50 SOMM = CA$0.0657 CAD
100 SOMM = CA$0.13 CAD
500 SOMM = CA$0.66 CAD
1,000 SOMM = CA$1.31 CAD

CAD to SOMM values from Today at 6:05 pm

CA$0.50 CAD = 380.56 SOMM
CA$1.00 CAD = 761.12 SOMM
CA$5.00 CAD = 3,805.59 SOMM
CA$10.00 CAD = 7,611.18 SOMM
CA$50.00 CAD = 38,055.88 SOMM
CA$100.00 CAD = 76,111.76 SOMM
CA$500.00 CAD = 380,558.82 SOMM
CA$1,000.00 CAD = 761,117.65 SOMM

SOMM to CAD over time

SOMM
Today
24H
-18.47%
1M
-34.72%
1Y
-2,974.32%
0.5 SOMM
CA$0.000657 CAD
CA$0.000778 CAD
CA$0.000885 CAD
CA$0.0202 CAD
1 SOMM
CA$0.0013 CAD
CA$0.0016 CAD
CA$0.0018 CAD
CA$0.0404 CAD
5 SOMM
CA$0.0066 CAD
CA$0.0078 CAD
CA$0.0088 CAD
CA$0.20 CAD
10 SOMM
CA$0.0131 CAD
CA$0.0156 CAD
CA$0.0177 CAD
CA$0.40 CAD
50 SOMM
CA$0.0657 CAD
CA$0.0778 CAD
CA$0.0885 CAD
CA$2.02 CAD
100 SOMM
CA$0.13 CAD
CA$0.16 CAD
CA$0.18 CAD
CA$4.04 CAD
500 SOMM
CA$0.66 CAD
CA$0.78 CAD
CA$0.88 CAD
CA$20.20 CAD
1,000 SOMM
CA$1.31 CAD
CA$1.56 CAD
CA$1.77 CAD
CA$40.39 CAD

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