Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.0014 CAD as of July 30 at 9:26 AM
About Sommelier
Sommelier is climbing this week. The current price of Sommelier is CA$0.0014 per SOMM. With a circulating supply of 364,140,841 SOMM, it means that Sommelier has a total market cap of CA$525,105.58. The amount of Sommelier traded has fallen by -CA$755.70 in the last 24 hours, which is a 82.09% decrease. Additionally, in the last day, CA$920.52 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is CA$0.0014 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0072 CAD. Inversely, CA$1.00 CAD would allow you to trade for 692.04 SOMM while CA$50.00 CAD would convert to 34,602.20 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 0.37%. Meanwhile, in the last 24 hours, the rate has changed by 0.93%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0014 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0014 CAD. Last month, 1 SOMM was worth CA$0.0015 CAD. Today, it's down 5.38%. Looking back a year, Sommelier has changed by CA$0.0344 CAD. That means that in a single year, the value of Sommelier has shrank by 95.78%.
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 CAD values from Today at 9:26 am
0.5 SOMM = CA$0.000722 CAD |
1 SOMM = CA$0.0014 CAD |
5 SOMM = CA$0.0072 CAD |
10 SOMM = CA$0.0144 CAD |
50 SOMM = CA$0.0722 CAD |
100 SOMM = CA$0.14 CAD |
500 SOMM = CA$0.72 CAD |
1,000 SOMM = CA$1.44 CAD |
CAD to SOMM values from Today at 9:27 am
CA$0.50 CAD = 346.02 SOMM |
CA$1.00 CAD = 692.04 SOMM |
CA$5.00 CAD = 3,460.22 SOMM |
CA$10.00 CAD = 6,920.44 SOMM |
CA$50.00 CAD = 34,602.20 SOMM |
CA$100.00 CAD = 69,204.39 SOMM |
CA$500.00 CAD = 346,021.95 SOMM |
CA$1,000.00 CAD = 692,043.90 SOMM |
SOMM to CAD over time
SOMM | Today | 24H | 1M | 1Y |
---|---|---|---|---|
0.5 SOMM | CA$0.000722 CAD | CA$0.000714 CAD | CA$0.000759 CAD | CA$0.0172 CAD |
1 SOMM | CA$0.0014 CAD | CA$0.0014 CAD | CA$0.0015 CAD | CA$0.0344 CAD |
5 SOMM | CA$0.0072 CAD | CA$0.0071 CAD | CA$0.0076 CAD | CA$0.17 CAD |
10 SOMM | CA$0.0144 CAD | CA$0.0143 CAD | CA$0.0152 CAD | CA$0.34 CAD |
50 SOMM | CA$0.0722 CAD | CA$0.0714 CAD | CA$0.0759 CAD | CA$1.72 CAD |
100 SOMM | CA$0.14 CAD | CA$0.14 CAD | CA$0.15 CAD | CA$3.44 CAD |
500 SOMM | CA$0.72 CAD | CA$0.71 CAD | CA$0.76 CAD | CA$17.20 CAD |
1,000 SOMM | CA$1.44 CAD | CA$1.43 CAD | CA$1.52 CAD | CA$34.40 CAD |
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Frequently asked questions
How much is 1 Sommelier in CAD?
Right now, 1 Sommelier is worth about CA$0.0014.
How much SOMM could I buy for 1 CAD?
Based on the current rate, you could get 692.04 SOMM for 1 CAD.
How much has the price of Sommelier changed?
Sommelier price has been on the rise. Since yesterday, the exchange rate of Sommelier has increased. 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 CAD?
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 3,460.22 SOMM. Inversely, 5 SOMM will cost about CA$0.0072
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 BemChain, Level Finance, and Trump Pepe. 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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