Convert Sommelier SOMM to Papua New Guinean Kina PGK

SOMM to PGK: 1 Sommelier converts to PGK 0.001297 PGK as of August 18 at 7:57 AM

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About Sommelier

Sommelier is climbing this week. The current price of Sommelier is PGK 0.001297 per SOMM. With a circulating supply of 374,796,738 SOMM, it means that Sommelier has a total market cap of PGK 486,087.18. The amount of Sommelier traded has risen by PGK 1,087.68 in the last 24 hours, which is a 120.52% increase. Additionally, in the last day, PGK 902.47 worth of SOMM has been traded.

The exchange rate of Sommelier is increasing. The current value of 1 SOMM is PGK 0.001297 PGK. In other words, to buy 5 Sommelier, it would cost you PGK 0.006485 PGK. Inversely, PGK 1.00 PGK would allow you to trade for 771.05 SOMM while PGK 50.00 PGK would convert to 38,552.42 SOMM, not including platform or gas fees.

In the last 7 days, the exchange rate has fallen by 20.66%. Meanwhile, in the last 24 hours, the rate has changed by 30.62%, and that the highest exchange rate of 1 SOMM to PGK was PGK 0.001343 PGK and the lowest 24 hour value was 1 SOMM for PGK 0.001003 PGK. Last month, 1 SOMM was worth PGK 0.001505 PGK. Today, it's down 13.18%. Looking back a year, Sommelier has changed by PGK 0.00401 PGK. That means that in a single year, the value of Sommelier has shrank by 69.77%.

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.

PGK 0.001297Price
PGK 486.09KMarket cap
PGK 902.47Volume (24h)
374.8M SOMMCir. Supply

Conversion tables

SOMM to PGK values from Today at 7:57 am

0.5 SOMM = PGK 0.0006485 PGK
1 SOMM = PGK 0.001297 PGK
5 SOMM = PGK 0.006485 PGK
10 SOMM = PGK 0.01297 PGK
50 SOMM = PGK 0.06485 PGK
100 SOMM = PGK 0.1297 PGK
500 SOMM = PGK 0.6485 PGK
1,000 SOMM = PGK 1.30 PGK

PGK to SOMM values from Today at

PGK 0.50 PGK = 385.52 SOMM
PGK 1.00 PGK = 771.05 SOMM
PGK 5.00 PGK = 3,855.24 SOMM
PGK 10.00 PGK = 7,710.48 SOMM
PGK 50.00 PGK = 38,552.42 SOMM
PGK 100.00 PGK = 77,104.84 SOMM
PGK 500.00 PGK = 385,524.19 SOMM
PGK 1,000.00 PGK = 771,048.39 SOMM

SOMM to PGK over time

SOMM
Today
24H
22.66%
1M
-16.07%
1Y
-209.19%
0.5 SOMM
PGK 0.0006485 PGK
PGK 0.0005015 PGK
PGK 0.0007527 PGK
PGK 0.002005 PGK
1 SOMM
PGK 0.001297 PGK
PGK 0.001003 PGK
PGK 0.001505 PGK
PGK 0.00401 PGK
5 SOMM
PGK 0.006485 PGK
PGK 0.005015 PGK
PGK 0.007527 PGK
PGK 0.02005 PGK
10 SOMM
PGK 0.01297 PGK
PGK 0.01003 PGK
PGK 0.01505 PGK
PGK 0.0401 PGK
50 SOMM
PGK 0.06485 PGK
PGK 0.05015 PGK
PGK 0.07527 PGK
PGK 0.2005 PGK
100 SOMM
PGK 0.1297 PGK
PGK 0.1003 PGK
PGK 0.1505 PGK
PGK 0.401 PGK
500 SOMM
PGK 0.6485 PGK
PGK 0.5015 PGK
PGK 0.7527 PGK
PGK 2.00 PGK
1,000 SOMM
PGK 1.30 PGK
PGK 1.00 PGK
PGK 1.51 PGK
PGK 4.01 PGK

Frequently asked questions

Right now, 1 Sommelier is worth about PGK 0.001297.

Based on the current rate, you could get 771.05 SOMM for 1 PGK.

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 PGK calculator at the top of this page to convert any amount of SOMM to PGK. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 PGK is equivalent to 3,855.24 SOMM. Inversely, 5 SOMM will cost about PGK 0.006485

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, Safuu, and Titi Financial. For a more robust list of assets to explore, jump to the asset page dedicated to Sommelier.

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