Convert Nigerian Naira NGN to Sommelier SOMM

NGN

About Sommelier

Sommelier is falling this week. The current price of Sommelier is NGN 0.7124 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of NGN 266,936,029.66. The amount of Sommelier traded has fallen by -NGN 6,793.16 in the last 24 hours, which is a 82.58% decrease. Additionally, in the last day, NGN 8,225.78 worth of SOMM has been traded.

The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is NGN 0.7124 NGN. In other words, to buy 5 Sommelier, it would cost you NGN 3.5618 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 1.40 SOMM while NGN 50.00 NGN would convert to 70.19 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 8.49%. Meanwhile, in the last 24 hours, the rate has changed by 1.43%, which means that the highest exchange rate of 1 SOMM to NGN was NGN 0.7315 NGN and the lowest 24 hour value was 1 SOMM for NGN 0.7124 NGN. Last month, 1 SOMM was worth NGN 0.4647 NGN. Today, it's up 52.44%. Looking back a year, Sommelier has changed by NGN 1.73 NGN. That means that in a single year, the value of Sommelier has shrank by 53.87%.

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 0.7124Price
NGN 266.94MMarket cap
NGN 8.23KVolume (24h)
374.8M SOMMCir. Supply

Conversion tables

NGN to SOMM values from Today at

NGN 0.50 NGN = 0.7019 SOMM
NGN 1.00 NGN = 1.40 SOMM
NGN 5.00 NGN = 7.02 SOMM
NGN 10.00 NGN = 14.04 SOMM
NGN 50.00 NGN = 70.19 SOMM
NGN 100.00 NGN = 140.38 SOMM
NGN 500.00 NGN = 701.89 SOMM
NGN 1,000.00 NGN = 1,403.79 SOMM

SOMM to NGN values from Today at 1:35 pm

0.5 SOMM = NGN 0.3562 NGN
1 SOMM = NGN 0.7124 NGN
5 SOMM = NGN 3.56 NGN
10 SOMM = NGN 7.12 NGN
50 SOMM = NGN 35.62 NGN
100 SOMM = NGN 71.24 NGN
500 SOMM = NGN 356.18 NGN
1,000 SOMM = NGN 712.36 NGN

NGN to SOMM over time

NGN
Today
24H
-138.29%
1M
-215.17%
1Y
-57.97%
0.5 NGN
0.7019 SOMM
0.6915 SOMM
1.08 SOMM
0.2898 SOMM
1 NGN
1.40 SOMM
1.38 SOMM
2.15 SOMM
0.5797 SOMM
5 NGN
7.02 SOMM
6.91 SOMM
10.76 SOMM
2.90 SOMM
10 NGN
14.04 SOMM
13.83 SOMM
21.52 SOMM
5.80 SOMM
50 NGN
70.19 SOMM
69.15 SOMM
107.59 SOMM
28.98 SOMM
100 NGN
140.38 SOMM
138.29 SOMM
215.17 SOMM
57.97 SOMM
500 NGN
701.89 SOMM
691.47 SOMM
1,075.86 SOMM
289.83 SOMM
1,000 NGN
1,403.79 SOMM
1,382.94 SOMM
2,151.72 SOMM
579.66 SOMM

Frequently asked questions

Right now, 1 Sommelier is worth about NGN 0.7124.

Based on the current rate, you could get 1.40 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 7.02 SOMM. Inversely, 5 SOMM will cost about NGN 3.56

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 InfluxAI Token, Moove Protocol, and BLANC DAO. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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