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About GTC and SOMM
Gitcoin is falling, while Sommelier is climbing this week. The current GTC to SOMM conversion rate is 191.47. Inversely, this means that if you convert 1 SOMM you will get 0.005223 GTC. The conversion rate of GTC/SOMM has decreased by 0.75% in the last hour (SOMM/GTC increased by 0.75%). In the last 24 hours, GTC/SOMM shrunk by 1.12%, while SOMM/GTC grew by the same amount.
The exchange rate of Gitcoin is increasing. The current value of 1 GTC is 191.47 SOMM. In other words, to buy 5 Gitcoin, it would cost you 957.33 SOMM. Inversely, 1 SOMM would allow you to trade for 0.005223 GTC while 50 SOMM would convert to 0.2611 GTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 18.7%. Meanwhile, in the last 24 hours, the rate has changed by 0.11%, which means that the highest exchange rate of 1 GTC to SOMM was 196.17 SOMM and the lowest 24 hour value was 1 GTC for 185.66 SOMM. Last month, 1 GTC was worth 133.80 SOMM. Today, it's up 30.12%. Looking back a year, Gitcoin has changed by 212.34 SOMM. That means that in a single year, the value of Gitcoin has shrank by 10.9%.
Gitcoin Market Stats
Gitcoin (GTC) is an Ethereum token that enables community governance of the Gitcoin platform. The platform is designed to fund and coordinate open source development by novel means such as quadratic funding. As of June 2021, Gitcoin has facilitated over $21 million in grants and bounties for open source developers.
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
GTC to SOMM values from Today at 2:33 pm
0.5 GTC = 95.73 SOMM |
1 GTC = 191.47 SOMM |
5 GTC = 957.33 SOMM |
10 GTC = 1,914.65 SOMM |
50 GTC = 9,573.25 SOMM |
100 GTC = 19,146.50 SOMM |
500 GTC = 95,732.51 SOMM |
1,000 GTC = 191,465.02 SOMM |
SOMM to GTC values from Today at 2:32 pm
0.5 SOMM = 0.002611 GTC |
1 SOMM = 0.005223 GTC |
5 SOMM = 0.02611 GTC |
10 SOMM = 0.05223 GTC |
50 SOMM = 0.2611 GTC |
100 SOMM = 0.5223 GTC |
500 SOMM = 2.61 GTC |
1,000 SOMM = 5.22 GTC |
GTC to SOMM over time
GTC | Today | 24H 0.11% | 1M 30.12% | 1Y -10.90% |
|---|---|---|---|---|
0.5 GTC | 95.73 SOMM | 95.62 SOMM | 66.90 SOMM | 106.17 SOMM |
1 GTC | 191.47 SOMM | 191.25 SOMM | 133.80 SOMM | 212.34 SOMM |
5 GTC | 957.33 SOMM | 956.24 SOMM | 668.98 SOMM | 1,061.68 SOMM |
10 GTC | 1,914.65 SOMM | 1,912.47 SOMM | 1,337.96 SOMM | 2,123.37 SOMM |
50 GTC | 9,573.25 SOMM | 9,562.36 SOMM | 6,689.78 SOMM | 10,616.83 SOMM |
100 GTC | 19,146.50 SOMM | 19,124.72 SOMM | 13,379.55 SOMM | 21,233.66 SOMM |
500 GTC | 95,732.51 SOMM | 95,623.62 SOMM | 66,897.76 SOMM | 106,168.31 SOMM |
1,000 GTC | 191,465.02 SOMM | 191,247.23 SOMM | 133,795.52 SOMM | 212,336.63 SOMM |
Frequently asked questions
Right now, 1 Gitcoin is worth about $0.06845.
Based on the current rate, you could get 14.61 GTC for 1 USD.
Gitcoin price has been declining. Since yesterday, the exchange rate of Gitcoin has decreased. Since last month, the exchange rate of Gitcoin has decreased. Since this time last year, the price of Gitcoin has decreased.
You can use our GTC to USD calculator at the top of this page to convert any amount of GTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 73.05 GTC. Inversely, 5 GTC will cost about $0.3423
Gitcoin is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Gitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Gitcoin, including Polkastarter, Broadcom Tokenized Stock (Ondo), and Bulla. For a more robust list of assets to explore, jump to the asset page dedicated to Gitcoin.
Buy Gitcoin with Coinbase
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.