Convert Sommelier SOMM to United States Dollar USD

SOMM to USD: 1 Sommelier converts to $0.000639 USD as of January 2 at 7:08 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is $0.000639 per SOMM. With a circulating supply of 372,378,651 SOMM, it means that Sommelier has a total market cap of $237,211.54. The amount of Sommelier traded has fallen by -$15.10 in the last 24 hours, which is a 19.99% decrease. Additionally, in the last day, $75.52 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is $0.000639 USD. In other words, to buy 5 Sommelier, it would cost you $0.003193 USD. Inversely, $1.00 USD would allow you to trade for 1,565.68 SOMM while $50.00 USD would convert to 78,284.15 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 10.75%. Meanwhile, in the last 24 hours, the rate has changed by 8.43%, which means that the highest exchange rate of 1 SOMM to USD was $0.000644 USD and the lowest 24 hour value was 1 SOMM for $0.000585 USD. Last month, 1 SOMM was worth $0.000850 USD. Today, it's down 24.86%. Looking back a year, Sommelier has changed by $0.0146 USD. That means that in a single year, the value of Sommelier has shrank by 95.62%.

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.

$0.000639Price
$237.21KMarket cap
$75.52Volume (24h)
372.4M SOMMCir. Supply

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Conversion tables

SOMM to USD values from Today at 7:08 pm

0.5 SOMM = $0.000319 USD
1 SOMM = $0.000639 USD
5 SOMM = $0.0032 USD
10 SOMM = $0.0064 USD
50 SOMM = $0.0319 USD
100 SOMM = $0.0639 USD
500 SOMM = $0.32 USD
1,000 SOMM = $0.64 USD

USD to SOMM values from Today at 7:09 pm

$0.50 USD = 782.84 SOMM
$1.00 USD = 1,565.68 SOMM
$5.00 USD = 7,828.41 SOMM
$10.00 USD = 15,656.83 SOMM
$50.00 USD = 78,284.15 SOMM
$100.00 USD = 156,568.29 SOMM
$500.00 USD = 782,841.45 SOMM
$1,000.00 USD = 1,565,682.91 SOMM

SOMM to USD over time

SOMM
Today
24H
7.77%
1M
-33.08%
1Y
-2,185.59%
0.5 SOMM
$0.000319 USD
$0.000295 USD
$0.000425 USD
$0.0073 USD
1 SOMM
$0.000639 USD
$0.000589 USD
$0.000850 USD
$0.0146 USD
5 SOMM
$0.0032 USD
$0.0029 USD
$0.0043 USD
$0.0730 USD
10 SOMM
$0.0064 USD
$0.0059 USD
$0.0085 USD
$0.15 USD
50 SOMM
$0.0319 USD
$0.0295 USD
$0.0425 USD
$0.73 USD
100 SOMM
$0.0639 USD
$0.0589 USD
$0.0850 USD
$1.46 USD
500 SOMM
$0.32 USD
$0.29 USD
$0.43 USD
$7.30 USD
1,000 SOMM
$0.64 USD
$0.59 USD
$0.85 USD
$14.60 USD

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Frequently asked questions

How much is 1 Sommelier in USD?

Right now, 1 Sommelier is worth about $0.000639.

How much SOMM could I buy for 1 USD?

Based on the current rate, you could get 1,565.68 SOMM for 1 USD.

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 USD?

You can use our SOMM to USD calculator at the top of this page to convert any amount of SOMM to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 7,828.41 SOMM. Inversely, 5 SOMM will cost about $0.0032

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 Jeetjail, Grimace, and Treble. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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