Convert Sommelier SOMM to United States Dollar USD

SOMM to USD: 1 Sommelier converts to $0.000441 USD as of February 13 at 8:02 PM

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About Sommelier

Sommelier is falling this week. The current price of Sommelier is $0.000441 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of $164,258.11. The amount of Sommelier traded has risen by $3.53 in the last 24 hours, which is a 5.27% increase. Additionally, in the last day, $67.00 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is $0.000441 USD. In other words, to buy 5 Sommelier, it would cost you $0.002204 USD. Inversely, $1.00 USD would allow you to trade for 2,268.25 SOMM while $50.00 USD would convert to 113,412.64 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 8.92%. Meanwhile, in the last 24 hours, the rate has changed by 3.95%, and that the highest exchange rate of 1 SOMM to USD was $0.000462 USD and the lowest 24 hour value was 1 SOMM for $0.000427 USD. Last month, 1 SOMM was worth $0.0010 USD. Today, it's down 57.6%. Looking back a year, Sommelier has changed by $0.0070 USD. That means that in a single year, the value of Sommelier has shrank by 93.67%.

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.

$0.000441Price
$164.26KMarket cap
$67.00Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to USD values from Today at 8:02 pm

0.5 SOMM = $0.000220 USD
1 SOMM = $0.000441 USD
5 SOMM = $0.0022 USD
10 SOMM = $0.0044 USD
50 SOMM = $0.0220 USD
100 SOMM = $0.0441 USD
500 SOMM = $0.22 USD
1,000 SOMM = $0.44 USD

USD to SOMM values from Today at 8:03 pm

$0.50 USD = 1,134.13 SOMM
$1.00 USD = 2,268.25 SOMM
$5.00 USD = 11,341.26 SOMM
$10.00 USD = 22,682.53 SOMM
$50.00 USD = 113,412.64 SOMM
$100.00 USD = 226,825.28 SOMM
$500.00 USD = 1,134,126.38 SOMM
$1,000.00 USD = 2,268,252.77 SOMM

SOMM to USD over time

SOMM
Today
24H
-4.11%
1M
-135.86%
1Y
-1,480.63%
0.5 SOMM
$0.000220 USD
$0.000229 USD
$0.000520 USD
$0.0035 USD
1 SOMM
$0.000441 USD
$0.000459 USD
$0.0010 USD
$0.0070 USD
5 SOMM
$0.0022 USD
$0.0023 USD
$0.0052 USD
$0.0348 USD
10 SOMM
$0.0044 USD
$0.0046 USD
$0.0104 USD
$0.0697 USD
50 SOMM
$0.0220 USD
$0.0229 USD
$0.0520 USD
$0.35 USD
100 SOMM
$0.0441 USD
$0.0459 USD
$0.10 USD
$0.70 USD
500 SOMM
$0.22 USD
$0.23 USD
$0.52 USD
$3.48 USD
1,000 SOMM
$0.44 USD
$0.46 USD
$1.04 USD
$6.97 USD

Frequently asked questions

Right now, 1 Sommelier is worth about $0.000441.

Based on the current rate, you could get 2,268.25 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 11,341.26 SOMM. Inversely, 5 SOMM will cost about $0.0022

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 Web3 Doge, Lets Go Brandon, and Safuu. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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