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Convert Sommelier SOMM to United States Dollar USD

SOMM to USD: 1 Sommelier converts to $0.0010 USD as of July 30 at 9:41 AM

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About Sommelier

Sommelier is climbing this week. The current price of Sommelier is $0.0010 per SOMM. With a circulating supply of 364,140,841 SOMM, it means that Sommelier has a total market cap of $381,069.64. The amount of Sommelier traded has fallen by -$548.41 in the last 24 hours, which is a 82.09% decrease. Additionally, in the last day, $668.02 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is $0.0010 USD. In other words, to buy 5 Sommelier, it would cost you $0.0052 USD. Inversely, $1.00 USD would allow you to trade for 953.87 SOMM while $50.00 USD would convert to 47,693.31 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 0.4%. Meanwhile, in the last 24 hours, the rate has changed by 0.99%, and that the highest exchange rate of 1 SOMM to USD was $0.0011 USD and the lowest 24 hour value was 1 SOMM for $0.0010 USD. Last month, 1 SOMM was worth $0.0011 USD. Today, it's down 5.41%. Looking back a year, Sommelier has changed by $0.0249 USD. 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.

$0.0010Price
$381.07KMarket cap
$668.02Volume (24h)
364.1M SOMMCir. Supply

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Conversion tables

SOMM to USD values from Today at 9:41 am

0.5 SOMM = $0.000524 USD
1 SOMM = $0.0010 USD
5 SOMM = $0.0052 USD
10 SOMM = $0.0105 USD
50 SOMM = $0.0524 USD
100 SOMM = $0.10 USD
500 SOMM = $0.52 USD
1,000 SOMM = $1.05 USD

USD to SOMM values from Today at 9:42 am

$0.50 USD = 476.93 SOMM
$1.00 USD = 953.87 SOMM
$5.00 USD = 4,769.33 SOMM
$10.00 USD = 9,538.66 SOMM
$50.00 USD = 47,693.31 SOMM
$100.00 USD = 95,386.61 SOMM
$500.00 USD = 476,933.06 SOMM
$1,000.00 USD = 953,866.12 SOMM

SOMM to USD over time

SOMM
Today
24H
0.80%
1M
-5.91%
1Y
-2,276.38%
0.5 SOMM
$0.000524 USD
$0.000520 USD
$0.000555 USD
$0.0125 USD
1 SOMM
$0.0010 USD
$0.0010 USD
$0.0011 USD
$0.0249 USD
5 SOMM
$0.0052 USD
$0.0052 USD
$0.0056 USD
$0.12 USD
10 SOMM
$0.0105 USD
$0.0104 USD
$0.0111 USD
$0.25 USD
50 SOMM
$0.0524 USD
$0.0520 USD
$0.0555 USD
$1.25 USD
100 SOMM
$0.10 USD
$0.10 USD
$0.11 USD
$2.49 USD
500 SOMM
$0.52 USD
$0.52 USD
$0.56 USD
$12.46 USD
1,000 SOMM
$1.05 USD
$1.04 USD
$1.11 USD
$24.91 USD

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Frequently asked questions

How much is 1 Sommelier in USD?

Right now, 1 Sommelier is worth about $0.001.

How much SOMM could I buy for 1 USD?

Based on the current rate, you could get 953.87 SOMM for 1 USD.

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 USD?

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 4,769.33 SOMM. Inversely, 5 SOMM will cost about $0.0052

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 Enjinstarter, Gyroscope, and Byat. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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