Convert Sommelier SOMM to Canadian Dollar CAD
SOMM to CAD: 1 Sommelier converts to CA$0.0006913 CAD as of June 24 at 7:49 AM
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About Sommelier
Sommelier is falling this week. The current price of Sommelier is CA$0.0006913 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of CA$258,573.42. The amount of Sommelier traded has fallen by -CA$8.01 in the last 24 hours, which is a 54.75% decrease. Additionally, in the last day, CA$14.62 worth of SOMM has been traded.
The exchange rate of Sommelier is decreasing. The current value of 1 SOMM is CA$0.0006913 CAD. In other words, to buy 5 Sommelier, it would cost you CA$0.0034566 CAD. Inversely, CA$1.00 CAD would allow you to trade for 1,446.49 SOMM while CA$50.00 CAD would convert to 72,324.51 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 23.1%. Meanwhile, in the last 24 hours, the rate has changed by 0.77%, and that the highest exchange rate of 1 SOMM to CAD was CA$0.0006989 CAD and the lowest 24 hour value was 1 SOMM for CA$0.0006809 CAD. Last month, 1 SOMM was worth CA$0.0007671 CAD. Today, it's up 21.51%. Looking back a year, Sommelier has changed by CA$0.00058 CAD. That means that in a single year, the value of Sommelier has shrank by 63.93%.
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
SOMM to CAD values from Today at 7:49 am
0.5 SOMM = CA$0.0003457 CAD |
1 SOMM = CA$0.0006913 CAD |
5 SOMM = CA$0.003457 CAD |
10 SOMM = CA$0.006913 CAD |
50 SOMM = CA$0.03457 CAD |
100 SOMM = CA$0.06913 CAD |
500 SOMM = CA$0.3457 CAD |
1,000 SOMM = CA$0.6913 CAD |
CAD to SOMM values from Today at
CA$0.50 CAD = 723.25 SOMM |
CA$1.00 CAD = 1,446.49 SOMM |
CA$5.00 CAD = 7,232.45 SOMM |
CA$10.00 CAD = 14,464.90 SOMM |
CA$50.00 CAD = 72,324.51 SOMM |
CA$100.00 CAD = 144,649.01 SOMM |
CA$500.00 CAD = 723,245.07 SOMM |
CA$1,000.00 CAD = 1,446,490.14 SOMM |
SOMM to CAD over time
SOMM | Today | 24H -0.48% | 1M -10.96% | 1Y 16.11% |
|---|---|---|---|---|
0.5 SOMM | CA$0.0003457 CAD | CA$0.0003473 CAD | CA$0.0003835 CAD | CA$0.00029 CAD |
1 SOMM | CA$0.0006913 CAD | CA$0.0006947 CAD | CA$0.0007671 CAD | CA$0.00058 CAD |
5 SOMM | CA$0.003457 CAD | CA$0.003473 CAD | CA$0.003835 CAD | CA$0.0029 CAD |
10 SOMM | CA$0.006913 CAD | CA$0.006947 CAD | CA$0.007671 CAD | CA$0.0058 CAD |
50 SOMM | CA$0.03457 CAD | CA$0.03473 CAD | CA$0.03835 CAD | CA$0.029 CAD |
100 SOMM | CA$0.06913 CAD | CA$0.06947 CAD | CA$0.07671 CAD | CA$0.058 CAD |
500 SOMM | CA$0.3457 CAD | CA$0.3473 CAD | CA$0.3835 CAD | CA$0.29 CAD |
1,000 SOMM | CA$0.6913 CAD | CA$0.6947 CAD | CA$0.7671 CAD | CA$0.58 CAD |
Frequently asked questions
Right now, 1 Sommelier is worth about CA$0.0006913.
Based on the current rate, you could get 1,446.49 SOMM for 1 CAD.
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 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 7,232.45 SOMM. Inversely, 5 SOMM will cost about CA$0.003457
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, Web3 Doge, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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Create a Coinbase account to buy and sell Sommelier on the most secure crypto exchange.
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