Convert Sommelier SOMM to Nigerian Naira NGN

SOMM to NGN: 1 Sommelier converts to NGN 0.5841 NGN as of March 22 at 4:30 PM

NGN
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About Sommelier

Sommelier is falling this week. The current price of Sommelier is NGN 0.5841 per SOMM. With a circulating supply of 374,797,031 SOMM, it means that Sommelier has a total market cap of NGN 219,033,536.91. The amount of Sommelier traded has fallen by -NGN 24,958.17 in the last 24 hours, which is a 63.19% decrease. Additionally, in the last day, NGN 39,497.10 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is NGN 0.5841 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 2.9203 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 1.71 SOMM while NGN 50.00 NGN would convert to 85.61 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 NGN was NGN 0.5879 NGN and the lowest 24 hour value was 1 SOMM for NGN 0.5593 NGN. Last month, 1 SOMM was worth NGN 0.5363 NGN. Today, it's up 7.9%. Looking back a year, Sommelier has changed by NGN 9.45 NGN. 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.

NGN 0.5841Price
NGN 219.03MMarket cap
NGN 39.50KVolume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to NGN values from Today at 4:30 pm

0.5 SOMM = NGN 0.292 NGN
1 SOMM = NGN 0.5841 NGN
5 SOMM = NGN 2.92 NGN
10 SOMM = NGN 5.84 NGN
50 SOMM = NGN 29.20 NGN
100 SOMM = NGN 58.41 NGN
500 SOMM = NGN 292.03 NGN
1,000 SOMM = NGN 584.06 NGN

NGN to SOMM values from Today at 4:31 pm

NGN 0.50 NGN = 0.8561 SOMM
NGN 1.00 NGN = 1.71 SOMM
NGN 5.00 NGN = 8.56 SOMM
NGN 10.00 NGN = 17.12 SOMM
NGN 50.00 NGN = 85.61 SOMM
NGN 100.00 NGN = 171.22 SOMM
NGN 500.00 NGN = 856.08 SOMM
NGN 1,000.00 NGN = 1,712.15 SOMM

SOMM to NGN over time

SOMM
Today
24H
-0.61%
1M
8.17%
1Y
-1,517.67%
0.5 SOMM
NGN 0.292 NGN
NGN 0.2938 NGN
NGN 0.2682 NGN
NGN 4.72 NGN
1 SOMM
NGN 0.5841 NGN
NGN 0.5876 NGN
NGN 0.5363 NGN
NGN 9.45 NGN
5 SOMM
NGN 2.92 NGN
NGN 2.94 NGN
NGN 2.68 NGN
NGN 47.24 NGN
10 SOMM
NGN 5.84 NGN
NGN 5.88 NGN
NGN 5.36 NGN
NGN 94.48 NGN
50 SOMM
NGN 29.20 NGN
NGN 29.38 NGN
NGN 26.82 NGN
NGN 472.41 NGN
100 SOMM
NGN 58.41 NGN
NGN 58.76 NGN
NGN 53.63 NGN
NGN 944.81 NGN
500 SOMM
NGN 292.03 NGN
NGN 293.80 NGN
NGN 268.17 NGN
NGN 4,724.07 NGN
1,000 SOMM
NGN 584.06 NGN
NGN 587.61 NGN
NGN 536.34 NGN
NGN 9,448.14 NGN

Frequently asked questions

Right now, 1 Sommelier is worth about NGN 0.5841.

Based on the current rate, you could get 1.71 SOMM for 1 NGN.

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 NGN calculator at the top of this page to convert any amount of SOMM to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 8.56 SOMM. Inversely, 5 SOMM will cost about NGN 2.92

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.

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