Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.0005917 CAD as of March 22 at 4:30 PM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is CA$0.0005917 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of CA$221,890.41. The amount of Sommelier traded has fallen by -CA$25.28 in the last 24 hours, which is a 63.19% decrease. Additionally, in the last day, CA$40.01 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0005917 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0029584 CAD. Inversely, CA$1.00 CAD would allow you to trade for 1,690.11 SOMM while CA$50.00 CAD would convert to 84,505.52 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 5.63%. Meanwhile, in the last 24 hours, the rate has changed by 0.55%, which means that the highest exchange rate of 1 SOMM to CAD was CA$0.0005968 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0005678 CAD. Last month, 1 SOMM was worth CA$0.0005468 CAD. Today, it's up 7.9%. Looking back a year, Sommelier has changed by CA$0.008776 CAD. That means that in a single year, the value of Sommelier has shrank by 92.97%.
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 4:30 pm
0.5 SOMM = CA$0.0002958 CAD |
1 SOMM = CA$0.0005917 CAD |
5 SOMM = CA$0.002958 CAD |
10 SOMM = CA$0.005917 CAD |
50 SOMM = CA$0.02958 CAD |
100 SOMM = CA$0.05917 CAD |
500 SOMM = CA$0.2958 CAD |
1,000 SOMM = CA$0.5917 CAD |
CAD to SOMM values from Today at 4:31 pm
CA$0.50 CAD = 845.06 SOMM |
CA$1.00 CAD = 1,690.11 SOMM |
CA$5.00 CAD = 8,450.55 SOMM |
CA$10.00 CAD = 16,901.10 SOMM |
CA$50.00 CAD = 84,505.52 SOMM |
CA$100.00 CAD = 169,011.04 SOMM |
CA$500.00 CAD = 845,055.18 SOMM |
CA$1,000.00 CAD = 1,690,110.37 SOMM |
SOMM to CAD over time
SOMM | Today | 24H -0.64% | 1M 7.59% | 1Y -1,383.22% |
|---|---|---|---|---|
0.5 SOMM | CA$0.0002958 CAD | CA$0.0002977 CAD | CA$0.0002734 CAD | CA$0.004388 CAD |
1 SOMM | CA$0.0005917 CAD | CA$0.0005955 CAD | CA$0.0005468 CAD | CA$0.008776 CAD |
5 SOMM | CA$0.002958 CAD | CA$0.002977 CAD | CA$0.002734 CAD | CA$0.04388 CAD |
10 SOMM | CA$0.005917 CAD | CA$0.005955 CAD | CA$0.005468 CAD | CA$0.08776 CAD |
50 SOMM | CA$0.02958 CAD | CA$0.02977 CAD | CA$0.02734 CAD | CA$0.4388 CAD |
100 SOMM | CA$0.05917 CAD | CA$0.05955 CAD | CA$0.05468 CAD | CA$0.8776 CAD |
500 SOMM | CA$0.2958 CAD | CA$0.2977 CAD | CA$0.2734 CAD | CA$4.39 CAD |
1,000 SOMM | CA$0.5917 CAD | CA$0.5955 CAD | CA$0.5468 CAD | CA$8.78 CAD |
Frequently asked questions
Right now, 1 Sommelier is worth about CA$0.0005917.
Based on the current rate, you could get 1,690.11 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 increased. 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 8,450.55 SOMM. Inversely, 5 SOMM will cost about CA$0.002958
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 Sunny Side up, MetaSwap, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
Buy Sommelier with Coinbase Wallet
Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
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