Convert Sommelier SOMM to United States Dollar USD
SOMM to USD: 1 Sommelier converts to $0.0010 USD as of November 23 at 7:45 AM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is $0.0010 per SOMM. With a circulating supply of 370,400,247 SOMM, it means that Sommelier has a total market cap of $382,088.50. The amount of Sommelier traded has risen by $542.56 in the last 24 hours, which is a 113.72% increase. Additionally, in the last day, $477.10 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is $0.0010 USD. In other words, to buy 5 Sommelier, it would cost you $0.0052 USD. Inversely, $1.00 USD would allow you to trade for 966.64 SOMM while $50.00 USD would convert to 48,332.04 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 5.66%. Meanwhile, in the last 24 hours, the rate has changed by 17.6%, 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 $0.000880 USD. Last month, 1 SOMM was worth $0.0019 USD. Today, it's down 44.57%. Looking back a year, Sommelier has changed by $0.0236 USD. That means that in a single year, the value of Sommelier has shrank by 95.58%.
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.
Buy Sommelier with Coinbase Wallet
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
Conversion tables
SOMM to USD values from Today at 7:45 am
0.5 SOMM = $0.000517 USD |
1 SOMM = $0.0010 USD |
5 SOMM = $0.0052 USD |
10 SOMM = $0.0103 USD |
50 SOMM = $0.0517 USD |
100 SOMM = $0.10 USD |
500 SOMM = $0.52 USD |
1,000 SOMM = $1.03 USD |
USD to SOMM values from Today at 7:46 am
$0.50 USD = 483.32 SOMM |
$1.00 USD = 966.64 SOMM |
$5.00 USD = 4,833.20 SOMM |
$10.00 USD = 9,666.41 SOMM |
$50.00 USD = 48,332.04 SOMM |
$100.00 USD = 96,664.09 SOMM |
$500.00 USD = 483,320.43 SOMM |
$1,000.00 USD = 966,640.85 SOMM |
SOMM to USD over time
SOMM | Today | 24H 14.34% | 1M -81.74% | 1Y |
|---|