Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.000627 CAD as of January 30 at 6:21 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is CA$0.000627 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of CA$236,146.66. The amount of Sommelier traded has fallen by -CA$244.02 in the last 24 hours, which is a 85.94% decrease. Additionally, in the last day, CA$283.96 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.000627 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.003135 CAD. Inversely, CA$1.00 CAD would allow you to trade for 1,594.74 SOMM while CA$50.00 CAD would convert to 79,737.18 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 26.87%. Meanwhile, in the last 24 hours, the rate has changed by 4.31%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.000668 CAD and the lowest 24 hour value was 1 SOMM for CA$0.000619 CAD. Last month, 1 SOMM was worth CA$0.000782 CAD. Today, it's down 19.54%. Looking back a year, Sommelier has changed by CA$0.000812 CAD. That means that in a single year, the value of Sommelier has shrank by 96.21%.
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.
Conversion tables
SOMM to CAD values from Today at 6:21 pm
0.5 SOMM = CA$0.000314 CAD |
1 SOMM = CA$0.000627 CAD |
5 SOMM = CA$0.0031 CAD |
10 SOMM = CA$0.0063 CAD |
50 SOMM = CA$0.0314 CAD |
100 SOMM = CA$0.0627 CAD |
500 SOMM = CA$0.31 CAD |
1,000 SOMM = CA$0.63 CAD |
CAD to SOMM values from Today at 6:22 pm
CA$0.50 CAD = 797.37 SOMM |
CA$1.00 CAD = 1,594.74 SOMM |
CA$5.00 CAD = 7,973.72 SOMM |
CA$10.00 CAD = 15,947.44 SOMM |
CA$50.00 CAD = 79,737.18 SOMM |
CA$100.00 CAD = 159,474.37 SOMM |
CA$500.00 CAD = 797,371.83 SOMM |
CA$1,000.00 CAD = 1,594,743.66 SOMM |
SOMM to CAD over time
SOMM | Today | 24H -3.58% | 1M -24.69% | 1Y -29.54% |
|---|---|---|---|---|
0.5 SOMM | CA$0.000314 CAD | CA$0.000325 CAD | CA$0.000391 CAD | CA$0.000406 CAD |
1 SOMM | CA$0.000627 CAD | CA$0.000649 CAD | CA$0.000782 CAD | CA$0.000812 CAD |
5 SOMM | CA$0.0031 CAD | CA$0.0032 CAD | CA$0.0039 CAD | CA$0.0041 CAD |
10 SOMM | CA$0.0063 CAD | CA$0.0065 CAD | CA$0.0078 CAD | CA$0.0081 CAD |
50 SOMM | CA$0.0314 CAD | CA$0.0325 CAD | CA$0.0391 CAD | CA$0.0406 CAD |
100 SOMM | CA$0.0627 CAD | CA$0.0649 CAD | CA$0.0782 CAD | CA$0.0812 CAD |
500 SOMM | CA$0.31 CAD | CA$0.32 CAD | CA$0.39 CAD | CA$0.41 CAD |
1,000 SOMM | CA$0.63 CAD | CA$0.65 CAD | CA$0.78 CAD | CA$0.81 CAD |
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Frequently asked questions
Right now, 1 Sommelier is worth about CA$0.000627.
Based on the current rate, you could get 1,594.74 SOMM for 1 CAD.
Sommelier price has been declining. Since yesterday, the exchange rate of Sommelier has decreased. Since last month, the exchange rate of Sommelier has decreased. Since this time last year, the price of Sommelier has decreased.
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 7,973.72 SOMM. Inversely, 5 SOMM will cost about CA$0.0031
Sommelier can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Sommelier.
There are a number of crypto assets that have the a similar or comparable market cap to Sommelier, including Degen Capital by Virtuals, Raven Protocol, and infraX. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.
