Convert Sommelier SOMM to Singapore Dollar SGD
SOMM to SGD: 1 Sommelier converts to S$0.0013 SGD as of June 15 at 12:05 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is S$0.0013 per SOMM. With a circulating supply of 340,950,108 SOMM, it means that Sommelier has a total market cap of S$443,149.33. The amount of Sommelier traded has fallen by S$-128.30 in the last 24 hours, which is a 49.71% decrease. Additionally, in the last day, S$258.12 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is S$0.0013 SGD. In other words, to buy 5 Sommelier, it would cost you S$0.0065 SGD. Inversely, S$1.00 SGD would allow you to trade for 771.23 SOMM while S$50.00 SGD would convert to 38,561.41 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.66%. Meanwhile, in the last 24 hours, the rate has changed by 12.16%, which means that the highest exchange rate of 1 SOMM to SGD was S$0.0015 SGD and the lowest 24 hour value was 1 SOMM for S$0.0012 SGD. Last month, 1 SOMM was worth S$0.0026 SGD. Today, it's down 49.74%. Looking back a year, Sommelier has changed by S$0.0644 SGD. That means that in a single year, the value of Sommelier has shrank by 97.87%.
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.
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Conversion tables
SOMM to SGD values from Today at 12:05 pm
0.5 SOMM = S$0.000648 SGD |
1 SOMM = S$0.0013 SGD |
5 SOMM = S$0.0065 SGD |
10 SOMM = S$0.0130 SGD |
50 SOMM = S$0.0648 SGD |
100 SOMM = S$0.13 SGD |
500 SOMM = S$0.65 SGD |
1,000 SOMM = S$1.30 SGD |
SGD to SOMM values from Today at 12:06 pm
0.5 SGD = 385.61 SOMM |
1 SGD = 771.23 SOMM |
5 SGD = 3,856.14 SOMM |
10 SGD = 7,712.28 SOMM |
50 SGD = 38,561.41 SOMM |
100 SGD = 77,122.82 SOMM |
500 SGD = 385,614.10 SOMM |
1,000 SGD = 771,228.20 SOMM |
SOMM to SGD over time
SOMM | Today | 24H | 1M | 1Y |
---|---|---|---|---|
0.5 SOMM | S$0.000648 SGD | S$0.000738 SGD | S$0.0013 SGD | S$0.0322 SGD |
1 SOMM | S$0.0013 SGD | S$0.0015 SGD | S$0.0026 SGD | S$0.0644 SGD |
5 SOMM | S$0.0065 SGD | S$0.0074 SGD | S$0.0131 SGD | S$0.32 SGD |
10 SOMM | S$0.0130 SGD | S$0.0148 SGD | S$0.0261 SGD | S$0.64 SGD |
50 SOMM | S$0.0648 SGD | S$0.0738 SGD | S$0.13 SGD | S$3.22 SGD |
100 SOMM | S$0.13 SGD | S$0.15 SGD | S$0.26 SGD | S$6.44 SGD |
500 SOMM | S$0.65 SGD | S$0.74 SGD | S$1.31 SGD | S$32.18 SGD |
1,000 SOMM | S$1.30 SGD | S$1.48 SGD | S$2.61 SGD | S$64.37 SGD |
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Frequently asked questions
How much is 1 Sommelier in SGD?
Right now, 1 Sommelier is worth about S$0.0013.
How much SOMM could I buy for 1 SGD?
Based on the current rate, you could get 771.23 SOMM for 1 SGD.
How much has the price of Sommelier changed?
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.
How do I calculate or convert SOMM to SGD?
You can use our SOMM to SGD calculator at the top of this page to convert any amount of SOMM to SGD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 SGD is equivalent to 3,856.14 SOMM. Inversely, 5 SOMM will cost about S$0.0065
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 Bento, AI Crypto Marketplace, and Devikins. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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