Sommelier Price SOMM

Sommelier Price Overview

The current Sommelier price is 0.002181000 €. The price has changed by -26.27% in the past 24 hours on trading volume of 29585.05 €. The market rank of Sommelier is 3710 based on a market capitalization of 690578.65 €. Sommelier has a circulating supply of 336197572.00 SOMM. The highest recorded Sommelier price is 6.2000 €. And the lowest recorded SOMM price is 0.001785470 €.

How do Sommelier price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.

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Analysing Sommelier’s price history

Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.

Make sure your price prediction for Sommelier matches your long-term and short-term financial goals.

There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.

Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Sommelier chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.

In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.

News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?

Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.

Factors influencing the Price of Sommelier

Many factors affect the value of Sommelier.

The Sommelier exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.

Government regulations have a great impact on the price of Sommelier and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.

Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of Sommelier in the news, monitor SOMM on Twitter. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.

Live Sommelier value and market cap

The live Sommelier exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.

The market capitalisation of Sommelier is equal to the value of Sommelier multiplied by the number of Sommelier in circulation.

What payment methods can I use to buy Sommelier

What can you do with your Sommelier?

Buy Sommelier with euros

Access Sommelier tokens before they are listed on centralised exchanges. Get the best rates and purchase with your card or bank account, all on one platform.

Exchange Sommelier

Swap some or all of your Sommelier for any other crypto with ease. No crypto platform makes transactions as fast and convenient as Kriptomat.

Use Sommelier

Use the Sommelier you buy with the Kriptomat app to access Web3 dApps, DeFi applications, games, and NFT marketplaces.

Sell Sommelier for euros

Simplify your life with the Web3 wallet that lets you sell your Sommelier for euros in seconds. Easily withdraw to your bank account or bank card.

Earn Sommelier

With Sommelier, you can easily access DeFi with liquidity pools. Liquidity pools are funds that allow users to lend or borrow Sommelier at competitive interest rates.

Hold your Sommelier

Your Sommelier tokens will be securely stored in your Kriptomat Web3 wallet. You can save it for a rainy day or until you’re ready to cash in.

How much is 1 Sommelier worth?

SOMM/EUR
(Euro)

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(US Dollar)

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(Bulgarian Lev)

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(Czech Koruna)

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(Hungarian Forint)

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(Polish Zloty)

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(Swedish Krona)

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(Turkish Lira)

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(Swiss Franc)

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(Norwegian Krone)

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(Romanian Leu)

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(Danish Krone)

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Sommelier Price FAQ