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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.84%
New listings on Bitget: Pi Network
BTC/USDT$84867.01 (+0.94%)Fear and Greed Index44(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$157.8M (1D); -$22M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.84%
New listings on Bitget: Pi Network
BTC/USDT$84867.01 (+0.94%)Fear and Greed Index44(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$157.8M (1D); -$22M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
SOPH
CNY
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of SophiaVerse(SOPH) to Chinese Yuan(CNY). This is the real-time data. The current conversion shows 1 SOPH at a value of 1 SOPH for 0.03 CNY . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
CNY information
About the Chinese Yuan (CNY)
What Is the Chinese Yuan (CNY)?
The Chinese Yuan, denoted as CNY and symbolized by ¥, is the official currency of the People's Republic of China. It's also known as Renminbi (RMB), which translates to "People's Currency". The basic unit of the Renminbi is the yuan, and it's often used to refer to the Chinese currency, especially in international contexts. One yuan is subdivided into 10 jiao, and a jiao is further divided into 10 fen. The Chinese Yuan is the sole legal tender in the People's Republic of China.
The Chinese Yuan is issued by the People's Bank of China (PBOC), the monetary authority of the People's Republic of China. The PBOC oversees the production, distribution, and regulation of the currency, ensuring its stability and integrity in the financial system. In addition to managing the physical banknotes and coins, the central bank also regulates digital forms of the currency, including the recently introduced Digital Yuan.
What Is the History of CNY?
The Chinese Yuan was introduced by the People's Bank of China in December 1948, replacing various currencies circulating in the Communist-controlled areas. The currency underwent several revaluations, the most significant of which occurred in 1955, to combat hyperinflation. Initially pegged to the US dollar, the Chinese Yuan's value was adjusted to improve the competitiveness of Chinese exports as China transitioned to a market economy. Since 2006, the Yuan exchange rate has been allowed to float within a narrow margin around a fixed base rate, determined with reference to a basket of world currencies.
Notes and Coins of CNY
The Chinese Yuan is available in both coin and banknote forms. Coins range from ¥0.01 to ¥1, and banknotes are available in denominations from ¥0.1 to ¥100. The design and features of these notes and coins have evolved over time, with the latest series featuring advanced security features.
What is Digital Yuan (e-CNY)?
The Digital Yuan, also known as the Digital Currency Electronic Payment (DCEP), is the digital form of the People's Republic of China's official currency, the Renminbi (RMB). Launched in response to the rising trend of cashless transactions and the global shift towards digital currencies, the Digital Yuan aims to enhance transaction efficiency, bolster monetary policy, and provide a secure alternative to physical cash. Unlike decentralized cryptocurrencies, it operates under a centralized system, ensuring alignment with China's financial policies. The Digital Yuan features "controllable anonymity," balancing user privacy with state oversight to prevent illegal activities. Its introduction, marked by pilot programs in various cities and prominent use during the 2022 Winter Olympics, positions China as a leader in the realm of digital currencies issued by major economies and signals a significant shift in the global financial landscape towards embracing digital currency technology.
What Is the Difference Between CNY and RMB?
The terms "CNY" and "RMB" are often used interchangeably when referring to the currency of the People's Republic of China, but they have slightly different meanings:
● RMB (Renminbi): The term "Renminbi," which means "People's Currency" in Mandarin, is the official name of the currency of China. It represents the currency system as a whole. Renminbi is the broader term that denotes the medium of exchange provided by the People's Bank of China.
● CNY (Chinese Yuan): The term "Yuan" refers to the unit of the Renminbi currency. CNY is the international ISO currency code for the Chinese Yuan. When financial transactions are conducted internationally, or when exchange rates are mentioned, the abbreviation "CNY" is typically used.
In summary, while RMB refers to the currency system of China, CNY specifically denotes the unit of that currency used in international trading and financial contexts.
Bitget crypto-to-fiat exchange data shows that the most popular SophiaVerse currency pair is the SOPH to CNY, with for SophiaVerse's currency code being SOPH. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for CNY.
SOPH to CNY conversion rate trend
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In the past 1D, SophiaVerse has changed +1.38% to CNY. Based on the trend and price charts, SophiaVerse(SOPH) has changed +1.38% to CNY while Chinese Yuan(CNY) has changed % to SOPH in the last 24 hours.
SOPH to CNY market statistics
SOPH/CNY:
¥ 0.03138
SOPH 24h volume:
¥ 24,570.82
SOPH market cap:
--
SOPH circulating supply:
0 SOPH
More info about SophiaVerse on Bitget
Current SOPH to CNY exchange rate
SophiaVerse to Chinese Yuan is falling this week.SophiaVerse's current market price is ¥ 0.03138 per SOPH, with a total market cap of ¥ 0 CNY based on a circulating supply of -- SOPH. The trading volume of SophiaVerse has changed by -3.95% (¥ -1,011.31 CNY) in the last 24 hours. Last trading day, SOPH's trading volume was ¥ 25,582.14.
SOPH to CNY Conversion tables
The exchange rate of SophiaVerse is decreasing.1 SOPH is currently valued at ¥ 0.03138 CNY , which means buying 5 SOPH will cost ¥ 0.1569 CNY . Similarly, ¥1 CNY can be traded for 31.87 SOPH, and ¥50 CNY can be converted to 1,593.37 SOPH, excluding any platform or gas fees.
The exchange rate of 1 SOPH to Chinese Yuan has changed by -10.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.38%, reaching a high of 0.03200 CNY and a low of 0.03073 CNY . One month ago, the value of 1 SOPH was ¥ 0.03806 CNY , which represents a -17.56% change from its current value. Over the last year, SophiaVerse has changed by , resulting in a change of -95.20% in its value.
-¥
0.6220CNYSOPH to CNY
Amount
11:14 am today
0.5 SOPH
¥0.01569
1 SOPH
¥0.03138
5 SOPH
¥0.1569
10 SOPH
¥0.3138
50 SOPH
¥1.57
100 SOPH
¥3.14
500 SOPH
¥15.69
1000 SOPH
¥31.38
CNY to SOPH
Amount11:14 am today
0.5CNY15.93 SOPH
1CNY31.87 SOPH
5CNY159.34 SOPH
10CNY318.67 SOPH
50CNY1,593.37 SOPH
100CNY3,186.73 SOPH
500CNY15,933.67 SOPH
1000CNY31,867.35 SOPH
SOPH to CNY Today vs. 24 hours ago
| Amount | 11:14 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SOPH | ¥0.01569 | ¥0.01548 | +1.38% |
| 1 SOPH | ¥0.03138 | ¥0.03095 | +1.38% |
| 5 SOPH | ¥0.1569 | ¥0.1548 | +1.38% |
| 10 SOPH | ¥0.3138 | ¥0.3095 | +1.38% |
| 50 SOPH | ¥1.57 | ¥1.55 | +1.38% |
| 100 SOPH | ¥3.14 | ¥3.1 | +1.38% |
| 500 SOPH | ¥15.69 | ¥15.48 | +1.38% |
| 1000 SOPH | ¥31.38 | ¥30.95 | +1.38% |
SOPH to CNY Today vs. 1 month ago
| Amount | 11:14 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SOPH | ¥0.01569 | ¥0.01903 | -17.56% |
| 1 SOPH | ¥0.03138 | ¥0.03806 | -17.56% |
| 5 SOPH | ¥0.1569 | ¥0.1903 | -17.56% |
| 10 SOPH | ¥0.3138 | ¥0.3806 | -17.56% |
| 50 SOPH | ¥1.57 | ¥1.9 | -17.56% |
| 100 SOPH | ¥3.14 | ¥3.81 | -17.56% |
| 500 SOPH | ¥15.69 | ¥19.03 | -17.56% |
| 1000 SOPH | ¥31.38 | ¥38.06 | -17.56% |
SOPH to CNY Today vs. 1 year ago
| Amount | 11:14 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SOPH | ¥0.01569 | ¥0.3267 | -95.20% |
| 1 SOPH | ¥0.03138 | ¥0.6534 | -95.20% |
| 5 SOPH | ¥0.1569 | ¥3.27 | -95.20% |
| 10 SOPH | ¥0.3138 | ¥6.53 | -95.20% |
| 50 SOPH | ¥1.57 | ¥32.67 | -95.20% |
| 100 SOPH | ¥3.14 | ¥65.34 | -95.20% |
| 500 SOPH | ¥15.69 | ¥326.71 | -95.20% |
| 1000 SOPH | ¥31.38 | ¥653.42 | -95.20% |
How to convert SOPH to CNY
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert SOPH to CNY
Use a variety of payment options to buy SophiaVerse on Bitget. We'll show you how.
Learn MoreBuy SOPH (or USDT) for CNY (Chinese Yuan) offers
Bitget P2P trading does not currently support direct buying of SOPH with CNY. However, you can buy USDT in Bitget P2P trading first, and then buy SOPH with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell SOPH (or USDT) for CNY (Chinese Yuan) offers
Bitget P2P trading currently does not support direct selling of SOPH to CNY. However, you can first exchange SOPH for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of SOPH to CNY?
There are many factors that affect the relationship between SophiaVerse and Chinese Yuan, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of SOPH/CNY. When there is positive news in the market about the widespread adoption of SOPH or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SOPH/CNY. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SOPH/CNY.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of SOPH/CNY. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of SophiaVerse and adjust their investment strategies accordingly in the evolving market.
SophiaVerse price prediction
What will the price of SOPH be in 2026?
Based on SOPH's historical price performance prediction model, the price of SOPH is projected to reach $0.006343 in 2026.
What will the price of SOPH be in 2031?
In 2031, the SOPH price is expected to change by +16.00%. By the end of 2031, the SOPH price is projected to reach $0.01301, with a cumulative ROI of +200.43%.
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Popular SophiaVerse Converter
Check out these popular currency conversions of SophiaVerse to several fiat currencies.
SOPH to TWD
1 SOPH to NT$ 0.1430 TWD
SOPH to CNY
1 SOPH to ¥ 0.03138 CNY
SOPH to USD
1 SOPH to $ 0.004313 USD
SOPH to EUR
1 SOPH to € 0.003995 EUR
SOPH to CAD
1 SOPH to $ 0.006171 CAD
SOPH to KRW
1 SOPH to ₩ 6.31 KRW
SOPH to JPY
1 SOPH to ¥ 0.6451 JPY
SOPH to GBP
1 SOPH to £ 0.003340 GBP
SOPH to BRL
1 SOPH to R$ 0.02457 BRL
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1 LEVER to ¥ 0.003908 CNY
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1 ACT to ¥ 0.4515 CNY
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1 TROY to ¥ 0.006185 CNY
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1 LINK to ¥ 98.46 CNY
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1 Ghibli to ¥ 0.08379 CNY
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between SophiaVerse and CNY.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as SophiaVerse and CNY. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of SophiaVerse in CNY, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
What does SOPH stand for?
SOPH is a cryptocurrency token or coin used within a specific blockchain or decentralized application.
How can I convert SOPH to CNY?
You can convert SOPH to CNY through cryptocurrency exchanges that support this pair, using their conversion tools or market orders.
Are there any fees for converting SOPH to CNY?
Yes, exchanges typically charge a transaction fee or commission for converting SOPH to CNY, which varies by platform.
Where can I track the conversion rate of SOPH to CNY?
The conversion rate can be tracked on cryptocurrency exchanges, financial websites, or apps that provide live crypto market data.
Is the SOPH to CNY conversion rate stable?
No, the conversion rate is often volatile due to market fluctuations, liquidity, and trading activity.
Do I need an account to convert SOPH to CNY?
Yes, you'll typically need an account on a cryptocurrency exchange that supports SOPH to CNY trading to proceed with the transaction.
Is SOPH accepted in China?
While SOPH can be converted to CNY, acceptance depends on regulations and the willingness of businesses or individuals to use it.
Can I convert SOPH to other fiat currencies besides CNY?
Yes, SOPH can usually be converted to other fiat currencies like USD, EUR, etc., depending on the exchange's offerings.
What influences the SOPH to CNY exchange rate?
Factors include market demand and supply, geopolitical events, regulations, and overall market sentiment.
What wallet should I use to store SOPH?
Use a compatible digital wallet that supports SOPH, preferably one recommended by the blockchain project or experts.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
