About SOMM and NEO
Sommelier is climbing, while Neo is falling this week. The current SOMM to NEO conversion rate is 0.0002033. Inversely, this means that if you convert 1 NEO you will get 4,918.84 SOMM. The conversion rate of SOMM/NEO has decreased by 1.46% in the last hour (NEO/SOMM increased by 1.46%). In the last 24 hours, SOMM/NEO grew by 2.56%, while NEO/SOMM shrunk by the same amount.
The exchange rate of Sommelier is increasing. The current value of 1 SOMM is 0.0002033 NEO. In other words, to buy 5 Sommelier, it would cost you 0.0010165 NEO. Inversely, 1 NEO would allow you to trade for 4,918.84 SOMM while 50 NEO would convert to 245,941.78 SOMM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 9.33%. Meanwhile, in the last 24 hours, the rate has changed by 2.53%, which means that the highest exchange rate of 1 SOMM to NEO was 0.00022 NEO and the lowest 24 hour value was 1 SOMM for 0.0001966 NEO. Last month, 1 SOMM was worth 0.0002792 NEO. Today, it's down 37.31%. Looking back a year, Sommelier has changed by 0.0001397 NEO. That means that in a single year, the value of Sommelier has grown by 31.28%.
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.
Neo Market Stats
Neo (NEO) is a cryptocurrency . Neo has a current supply of 100,000,000 with 70,538,831 in circulation. The last known price of Neo is 2.69864143 USD and is down -1.10 over the last 24 hours. It is currently trading on 421 active market(s) with $8,529,975.34 traded over the last 24 hours.
Conversion tables
SOMM to NEO values from Today at 5:34 am
0.5 SOMM = 0.0001017 NEO |
1 SOMM = 0.0002033 NEO |
5 SOMM = 0.001017 NEO |
10 SOMM = 0.002033 NEO |
50 SOMM = 0.01017 NEO |
100 SOMM = 0.02033 NEO |
500 SOMM = 0.1017 NEO |
1,000 SOMM = 0.2033 NEO |
NEO to SOMM values from Today at 5:36 am
0.5 NEO = 2,459.42 SOMM |
1 NEO = 4,918.84 SOMM |
5 NEO = 24,594.18 SOMM |
10 NEO = 49,188.36 SOMM |
50 NEO = 245,941.78 SOMM |
100 NEO = 491,883.57 SOMM |
500 NEO = 2,459,417.85 SOMM |
1,000 NEO = 4,918,835.69 SOMM |
SOMM to NEO over time
SOMM | Today | 24H 2.53% | 1M -37.31% | 1Y 31.28% |
|---|---|---|---|---|
0.5 SOMM | 0.0001017 NEO | 0.00009908 NEO | 0.0001396 NEO | 0.00006986 NEO |
1 SOMM | 0.0002033 NEO | 0.0001982 NEO | 0.0002792 NEO | 0.0001397 NEO |
5 SOMM | 0.001017 NEO | 0.0009908 NEO | 0.001396 NEO | 0.0006986 NEO |
10 SOMM | 0.002033 NEO | 0.001982 NEO | 0.002792 NEO | 0.001397 NEO |
50 SOMM | 0.01017 NEO | 0.009908 NEO | 0.01396 NEO | 0.006986 NEO |
100 SOMM | 0.02033 NEO | 0.01982 NEO | 0.02792 NEO | 0.01397 NEO |
500 SOMM | 0.1017 NEO | 0.09908 NEO | 0.1396 NEO | 0.06986 NEO |
1,000 SOMM | 0.2033 NEO | 0.1982 NEO | 0.2792 NEO | 0.1397 NEO |
Frequently asked questions
Right now, 1 Sommelier is worth about $0.0004034.
Based on the current rate, you could get 2,478.80 SOMM for 1 USD.
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 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 12,393.98 SOMM. Inversely, 5 SOMM will cost about $0.002017
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 Bullit. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.
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