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Convert Sommelier SOMM to Canadian Dollar CAD

SOMM to CAD: 1 Sommelier converts to CA$0.0017 CAD as of June 18 at 11:01 AM

CA$

About Sommelier

Sommelier is climbing this week. The current price of Sommelier is CA$0.0017 per SOMM. With a circulating supply of 360,877,683 SOMM, it means that Sommelier has a total market cap of CA$615,554.81. The amount of Sommelier traded has risen by CA$5,626.95 in the last 24 hours, which is a 114.91% increase. Additionally, in the last day, CA$4,896.83 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is CA$0.0017 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0085 CAD. Inversely, CA$1.00 CAD would allow you to trade for 589.75 SOMM while CA$50.00 CAD would convert to 29,487.66 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 22.45%. Meanwhile, in the last 24 hours, the rate has changed by 30.4%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0019 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0013 CAD. Last month, 1 SOMM was worth CA$0.0030 CAD. Today, it's down 41.94%. Looking back a year, Sommelier has changed by CA$0.0559 CAD. That means that in a single year, the value of Sommelier has shrank by 96.96%.

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$0.0017Current price
CA$615.55KMarket cap
CA$4.90KVolume (24h)
360.9M SOMMCir. Supply

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Conversion tables

SOMM to CAD values from Today at 11:01 am

0.5 SOMM = CA$0.000848 CAD
1 SOMM = CA$0.0017 CAD
5 SOMM = CA$0.0085 CAD
10 SOMM = CA$0.0170 CAD
50 SOMM = CA$0.0848 CAD
100 SOMM = CA$0.17 CAD
500 SOMM = CA$0.85 CAD
1,000 SOMM = CA$1.70 CAD

CAD to SOMM values from Today at 11:01 am

CA$0.50 CAD = 294.88 SOMM
CA$1.00 CAD = 589.75 SOMM
CA$5.00 CAD = 2,948.77 SOMM
CA$10.00 CAD = 5,897.53 SOMM
CA$50.00 CAD = 29,487.66 SOMM
CA$100.00 CAD = 58,975.32 SOMM
CA$500.00 CAD = 294,876.62 SOMM
CA$1,000.00 CAD = 589,753.23 SOMM

SOMM to CAD over time

SOMM
Today
24H
24.00%
1M
-76.13%
1Y
-3,197.10%
0.5 SOMM
CA$0.000848 CAD
CA$0.000644 CAD
CA$0.0015 CAD
CA$0.0280 CAD
1 SOMM
CA$0.0017 CAD
CA$0.0013 CAD
CA$0.0030 CAD
CA$0.0559 CAD
5 SOMM
CA$0.0085 CAD
CA$0.0064 CAD
CA$0.0149 CAD
CA$0.28 CAD
10 SOMM
CA$0.0170 CAD
CA$0.0129 CAD
CA$0.0299 CAD
CA$0.56 CAD
50 SOMM
CA$0.0848 CAD
CA$0.0644 CAD
CA$0.15 CAD
CA$2.80 CAD
100 SOMM
CA$0.17 CAD
CA$0.13 CAD
CA$0.30 CAD
CA$5.59 CAD
500 SOMM
CA$0.85 CAD
CA$0.64 CAD
CA$1.49 CAD
CA$27.95 CAD
1,000 SOMM
CA$1.70 CAD
CA$1.29 CAD
CA$2.99 CAD
CA$55.91 CAD

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Frequently asked questions

How much is 1 Sommelier in CAD?

Right now, 1 Sommelier is worth about CA$0.0017.

How much SOMM could I buy for 1 CAD?

Based on the current rate, you could get 589.75 SOMM for 1 CAD.

How much has the price of Sommelier changed?

Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.

How do I calculate or convert SOMM to CAD?

You can use our SOMM to CAD calculator at the top of this page to convert any amount of SOMM to CAD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CAD is equivalent to 2,948.77 SOMM. Inversely, 5 SOMM will cost about CA$0.0085

How can I buy 1 Sommelier on Coinbase?

Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.

What are assets similar to Sommelier that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including CENTER COIN, MOST Global, and AI Crypto Marketplace. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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