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
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.
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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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Buy Sommelier with Coinbase Wallet
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