Convert Sommelier SOMM to United States Dollar USD
SOMM to USD: 1 Sommelier converts to $0.000461 USD as of January 30 at 6:57 PM
About Sommelier
Sommelier is falling this week. The current price of Sommelier is $0.000461 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of $172,617.74. The amount of Sommelier traded has fallen by -$93.03 in the last 24 hours, which is a 93.78% decrease. Additionally, in the last day, $99.20 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is $0.000461 USD. In other words, to buy 5 Sommelier, it would cost you $0.002305 USD. Inversely, $1.00 USD would allow you to trade for 2,169.52 SOMM while $50.00 USD would convert to 108,475.80 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 26.43%. Meanwhile, in the last 24 hours, the rate has changed by 4.98%, and that the highest exchange rate of 1 SOMM to USD was $0.000495 USD and the lowest 24 hour value was 1 SOMM for $0.000456 USD. Last month, 1 SOMM was worth $0.000567 USD. Today, it's down 18.74%. Looking back a year, Sommelier has changed by $0.0121 USD. That means that in a single year, the value of Sommelier has shrank by 96.2%.
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 USD values from Today at 6:57 pm
0.5 SOMM = $0.000230 USD |
1 SOMM = $0.000461 USD |
5 SOMM = $0.0023 USD |
10 SOMM = $0.0046 USD |
50 SOMM = $0.0230 USD |
100 SOMM = $0.0461 USD |
500 SOMM = $0.23 USD |
1,000 SOMM = $0.46 USD |
USD to SOMM values from Today at 6:57 pm
$0.50 USD = 1,084.76 SOMM |
$1.00 USD = 2,169.52 SOMM |
$5.00 USD = 10,847.58 SOMM |
$10.00 USD = 21,695.16 SOMM |
$50.00 USD = 108,475.80 SOMM |
$100.00 USD = 216,951.59 SOMM |
$500.00 USD = 1,084,757.96 SOMM |
$1,000.00 USD = 2,169,515.92 SOMM |
SOMM to USD over time
SOMM | Today | 24H -4.70% | 1M -23.06% | 1Y -2,531.75% |
|---|---|---|---|---|
0.5 SOMM | $0.000230 USD | $0.000241 USD | $0.000284 USD | $0.0061 USD |
1 SOMM | $0.000461 USD | $0.000483 USD | $0.000567 USD | $0.0121 USD |
5 SOMM | $0.0023 USD | $0.0024 USD | $0.0028 USD | $0.0607 USD |
10 SOMM | $0.0046 USD | $0.0048 USD | $0.0057 USD | $0.12 USD |
50 SOMM | $0.0230 USD | $0.0241 USD | $0.0284 USD | $0.61 USD |
100 SOMM | $0.0461 USD | $0.0483 USD | $0.0567 USD | $1.21 USD |
500 SOMM | $0.23 USD | $0.24 USD | $0.28 USD | $6.07 USD |
1,000 SOMM | $0.46 USD | $0.48 USD | $0.57 USD | $12.13 USD |
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Frequently asked questions
Right now, 1 Sommelier is worth about $0.000461.
Based on the current rate, you could get 2,169.52 SOMM for 1 USD.
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 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 10,847.58 SOMM. Inversely, 5 SOMM will cost about $0.0023
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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Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
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