Convert Sommelier SOMM to Nigerian Naira NGN

SOMM to NGN: 1 Sommelier converts to NGN 0.83 NGN as of December 29 at 11:35 PM

NGN

About Sommelier

Sommelier is falling this week. The current price of Sommelier is NGN 0.83 per SOMM. With a circulating supply of 372,378,651 SOMM, it means that Sommelier has a total market cap of NGN 311,269,689.44. The amount of Sommelier traded has fallen by NGN 0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, NGN 239,330.86 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is NGN 0.83 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 4.16 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 1.20 SOMM while NGN 50.00 NGN would convert to 60.04 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 NGN was NGN 0.92 NGN and the lowest 24 hour value was 1 SOMM for NGN 0.79 NGN. Last month, 1 SOMM was worth NGN 1.55 NGN. Today, it's down 46.6%. Looking back a year, Sommelier has changed by NGN 19.69 NGN. 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.

NGN 0.83Price
NGN 311.27MMarket cap
NGN 239.33KVolume (24h)
372.4M SOMMCir. Supply

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Conversion tables

SOMM to NGN values from Today at 11:35 pm

0.5 SOMM = NGN 0.42 NGN
1 SOMM = NGN 0.83 NGN
5 SOMM = NGN 4.16 NGN
10 SOMM = NGN 8.33 NGN
50 SOMM = NGN 41.64 NGN
100 SOMM = NGN 83.28 NGN
500 SOMM = NGN 416.38 NGN
1,000 SOMM = NGN 832.76 NGN

NGN to SOMM values from Today at 11:36 pm

NGN 0.50 NGN = 0.60 SOMM
NGN 1.00 NGN = 1.20 SOMM
NGN 5.00 NGN = 6.00 SOMM
NGN 10.00 NGN = 12.01 SOMM
NGN 50.00 NGN = 60.04 SOMM
NGN 100.00 NGN = 120.08 SOMM
NGN 500.00 NGN = 600.41 SOMM
NGN 1,000.00 NGN = 1,200.82 SOMM

SOMM to NGN over time

SOMM
Today
24H
-7.49%
1M
-86.45%
1Y
-2,264.60%
0.5 SOMM
NGN 0.42 NGN
NGN 0.45 NGN
NGN 0.78 NGN
NGN 9.85 NGN
1 SOMM
NGN 0.83 NGN
NGN 0.90 NGN
NGN 1.55 NGN
NGN 19.69 NGN
5 SOMM
NGN 4.16 NGN
NGN 4.48 NGN
NGN 7.76 NGN
NGN 98.46 NGN
10 SOMM
NGN 8.33 NGN
NGN 8.95 NGN
NGN 15.53 NGN
NGN 196.92 NGN
50 SOMM
NGN 41.64 NGN
NGN 44.76 NGN
NGN 77.63 NGN
NGN 984.58 NGN
100 SOMM
NGN 83.28 NGN
NGN 89.51 NGN
NGN 155.27 NGN
NGN 1,969.15 NGN
500 SOMM
NGN 416.38 NGN
NGN 447.56 NGN
NGN 776.34 NGN
NGN 9,845.76 NGN
1,000 SOMM
NGN 832.76 NGN
NGN 895.12 NGN
NGN 1,552.69 NGN
NGN 19,691.53 NGN

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