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Convert Sommelier SOMM to United States Dollar USD

SOMM to USD: 1 Sommelier converts to $0.000844 USD as of July 20 at 2:01 AM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is $0.000844 per SOMM. With a circulating supply of 364,042,710 SOMM, it means that Sommelier has a total market cap of $307,751.17. The amount of Sommelier traded has fallen by -$423.12 in the last 24 hours, which is a 13.75% decrease. Additionally, in the last day, $3,077.50 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is $0.000844 USD. In other words, to buy 5 Sommelier, it would cost you $0.004221 USD. Inversely, $1.00 USD would allow you to trade for 1,184.58 SOMM while $50.00 USD would convert to 59,228.92 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 42.06%. Meanwhile, in the last 24 hours, the rate has changed by 12.12%, and that the highest exchange rate of 1 SOMM to USD was $0.0010 USD and the lowest 24 hour value was 1 SOMM for $0.000806 USD. Last month, 1 SOMM was worth $0.0013 USD. Today, it's down 35.29%. Looking back a year, Sommelier has changed by $0.0309 USD. That means that in a single year, the value of Sommelier has shrank by 97.27%.

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.

$0.000844Price
$307.75KMarket cap
$3.08KVolume (24h)
364M SOMMCir. Supply

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Conversion tables

SOMM to USD values from Today at 2:01 am

0.5 SOMM = $0.000422 USD
1 SOMM = $0.000844 USD
5 SOMM = $0.0042 USD
10 SOMM = $0.0084 USD
50 SOMM = $0.0422 USD
100 SOMM = $0.0844 USD
500 SOMM = $0.42 USD
1,000 SOMM = $0.84 USD

USD to SOMM values from Today at 2:01 am

$0.50 USD = 592.29 SOMM
$1.00 USD = 1,184.58 SOMM
$5.00 USD = 5,922.89 SOMM
$10.00 USD = 11,845.78 SOMM
$50.00 USD = 59,228.92 SOMM
$100.00 USD = 118,457.83 SOMM
$500.00 USD = 592,289.15 SOMM
$1,000.00 USD = 1,184,578.30 SOMM

SOMM to USD over time

SOMM
Today
24H
-14.49%
1M
-54.65%
1Y
-3,561.35%
0.5 SOMM
$0.000422 USD
$0.000483 USD
$0.000653 USD
$0.0155 USD
1 SOMM
$0.000844 USD
$0.000966 USD
$0.0013 USD
$0.0309 USD
5 SOMM
$0.0042 USD
$0.0048 USD
$0.0065 USD
$0.15 USD
10 SOMM
$0.0084 USD
$0.0097 USD
$0.0131 USD
$0.31 USD
50 SOMM
$0.0422 USD
$0.0483 USD
$0.0653 USD
$1.55 USD
100 SOMM
$0.0844 USD
$0.0966 USD
$0.13 USD
$3.09 USD
500 SOMM
$0.42 USD
$0.48 USD
$0.65 USD
$15.45 USD
1,000 SOMM
$0.84 USD
$0.97 USD
$1.31 USD
$30.91 USD

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