Convert Sommelier SOMM to Hong Kong Dollar HKD
SOMM to HKD: 1 Sommelier converts to HK$0.002636 HKD as of August 6 at 4:18 PM
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About Sommelier
Sommelier is climbing this week. The current price of Sommelier is HK$0.002636 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of HK$988,995.00. The amount of Sommelier traded has fallen by -HK$8.96 in the last 24 hours, which is a 79.86% decrease. Additionally, in the last day, HK$11.22 worth of SOMM has been traded.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is HK$0.002636 HKD. In other words, to buy 5 Sommelier, it would cost you HK$0.013179 HKD. Inversely, HK$1.00 HKD would allow you to trade for 379.38 SOMM while HK$50.00 HKD would convert to 18,969.20 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 15.34%. Meanwhile, in the last 24 hours, the rate has changed by 0.81%, which means that the highest exchange rate of 1 SOMM to HKD was HK$0.00265 HKD and the lowest 24 hour value was 1 SOMM for HK$0.002607 HKD. Last month, 1 SOMM was worth HK$0.00258 HKD. Today, it's down 17.29%. Looking back a year, Sommelier has changed by HK$0.009778 HKD. That means that in a single year, the value of Sommelier has shrank by 73.03%.
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 HKD values from Today at 4:18 pm
0.5 SOMM = HK$0.001318 HKD |
1 SOMM = HK$0.002636 HKD |
5 SOMM = HK$0.01318 HKD |
10 SOMM = HK$0.02636 HKD |
50 SOMM = HK$0.1318 HKD |
100 SOMM = HK$0.2636 HKD |
500 SOMM = HK$1.32 HKD |
1,000 SOMM = HK$2.64 HKD |
HKD to SOMM values from Today at 4:21 pm
HK$0.50 HKD = 189.69 SOMM |
HK$1.00 HKD = 379.38 SOMM |
HK$5.00 HKD = 1,896.92 SOMM |
HK$10.00 HKD = 3,793.84 SOMM |
HK$50.00 HKD = 18,969.20 SOMM |
HK$100.00 HKD = 37,938.40 SOMM |
HK$500.00 HKD = 189,692.00 SOMM |
HK$1,000.00 HKD = 379,384.00 SOMM |
SOMM to HKD over time
SOMM | Today | 24H 99.92% | 1M 99.92% | 1Y 99.69% |
|---|---|---|---|---|
0.5 SOMM | HK$0.001318 HKD | HK$0.001307 HKD | HK$0.00129 HKD | HK$0.004889 HKD |
1 SOMM | HK$0.002636 HKD | HK$0.002614 HKD | HK$0.00258 HKD | HK$0.009778 HKD |
5 SOMM | HK$0.01318 HKD | HK$0.01307 HKD | HK$0.0129 HKD | HK$0.04889 HKD |
10 SOMM | HK$0.02636 HKD | HK$0.02614 HKD | HK$0.0258 HKD | HK$0.09778 HKD |
50 SOMM | HK$0.1318 HKD | HK$0.1307 HKD | HK$0.129 HKD | HK$0.4889 HKD |
100 SOMM | HK$0.2636 HKD | HK$0.2614 HKD | HK$0.258 HKD | HK$0.9778 HKD |
500 SOMM | HK$1.32 HKD | HK$1.31 HKD | HK$1.29 HKD | HK$4.89 HKD |
1,000 SOMM | HK$2.64 HKD | HK$2.61 HKD | HK$2.58 HKD | HK$9.78 HKD |
Frequently asked questions
Right now, 1 Sommelier is worth about HK$0.002636.
Based on the current rate, you could get 379.38 SOMM for 1 HKD.
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.
You can use our SOMM to HKD calculator at the top of this page to convert any amount of SOMM to HKD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 HKD is equivalent to 1,896.92 SOMM. Inversely, 5 SOMM will cost about HK$0.01318
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, Lets Go Brandon, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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