Sommelier Price SOMM

There are two schools of thought when it comes to determining the price of a cryptocurrency like Sommelier.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Sommelier, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Sommelier.
By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Sommelier on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Sommelier.
Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Sommelier and the broader cryptocurrency market.

Sommelier achieved the all-time high of $0.685 in 2023-03-17, and is currently trading at $0.03058.

Sommelier reached its all-time low of $0.01615 on 2024-07-16.

The current market cap of Sommelier is $9.20M, as 301.18M SOMM is trading at the price of $0.03058.

There are currently 301.18M SOMM circulating in the market. These Sommelier can be actively traded or used in the open market.

The maximum supply of SOMM is 500.00M , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Sommelier is $15.27M. The FDV is calculated taking the assumption that all supply of Sommelier is circulation, multiplied by its current price of $0.03058.

Using an algorithm to automatically identify historical data trends, this Sommelier price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Sommelier offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Sommelier and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Sommelier.

You can buy Sommelier via Gate.io by following the steps on how to buy SOMM once you have funded your account.