The Root Network

The Root Network PriceROOT

Rank #991

$0.02493

-0.24%
0ROOT
1ROOT$0.02493
0ROOT
1ROOT$0.02493

How do you feel about The Root Network(ROOT) today?

50%50%

Finance

Simple Earn

APR

20.15%

Type

Current

About The Root Network (ROOT)

Contract

0

0xa3d4bee...763c4fa29

Explorers

rootscan.io

Website

Community

"The Root Network is a new Layer 1 which is designed as the hub of the open metaverse where anything can be connected to anything. The Root Network is purpose-built for the open metaverse with core, UX and digital content focused protocols to enable seamless user experience and enhanced asset interoperability across the open metaverse. The Root Network prioritizes user experience and safety with built in account abstraction and features like its token any gas economy enabling some of the world's largest content brands to onboard users seamlessly and safely. The Root Network is EVM compatible built on Substrate integrated to XRPL and ETH with other networks on the horizon allowing content and accounts on those networks to access deeper functionality and more interoperability in the open metaverse. "

The Root Network (ROOT) Price Trends

24H High$0.02538
24H Low$0.02286
24H Volume$157.57K
Market Cap
$36.06M
All-Time High(ATH)$0.132
Circulating Supply
1.44B ROOT
All-Time Low(ATL)$0.0041
Total Supply
12.00B ROOT
Market Cap/FDV
12.06%
Max Supply
12.00B ROOT
Fully Diluted Valuation
$299.16M
Market SentimentNegative

Live The Root Network (ROOT) Price Update

The Root Network price today is $0.02493 with a 24-hour trading volume of $157.57K, and as such The Root Network has a market cap of $36.06M, giving it a market dominance of 0.0072%. The The Root Network price moved -0.24% in the last 24 hours.

Time period
Change amount
% Change
1H+$0.000539+2.21%
24H-$0.00005997-0.24%
7D+$0.004482+21.92%
30D+$0.005022+25.23%
1Y-$0.004625-15.65%

Credibility Indicators

54.09
Reliability Score
Rank #5877
PercentileTOP 45%

Popular ROOT Exchanges

News

News Flash

2024-08-12 10:37
Sprz.
Is now a good time to buy BTC? Key indicators show that BTC is in the accumulation phase. BTC's accumulation phase: analyzing key indicators; BTC's rainbow chart recently confirmed that BTC is in the accumulation phase, a finding that has piqued the interest of experienced investors and market analysts. This accumulation phase heralds potential buying opportunities, as historically, such phases often precede significant price pumps. Understanding metrics: MVRV and on-chain value; One key metric to consider is the MVRV (Market Value to Realized Value) ratio. Based on the latest data, the MVRV ratio for BTC is 1.93, indicating an upcoming accumulation phase. Typically, a ratio below 1 indicates favorable buying conditions, while a ratio above 3 indicates good selling opportunities. The current position of this ratio suggests that now may be the best time for investors to accumulate BTC. In addition, the analysis of the well-known Cryptocurrency analyst Root also supports this view. By examining the on-chain value chart of BTC, it can be found that the current valuation of BTC is reasonable. This further confirms the view that it may be appropriate for investors to consider increasing their holdings at present. Recent on-chain data has strengthened bullish sentiment. The significant reduction in on-chain BTC supply indicates increasing buying pressure. As of August 9th, the significant increase in BTC outflows from exchanges further proves this point. Whale activity, reflected in the increase in top holder transaction volume, also highlights investors' current confidence in BTC. Despite the significant increase in buying pressure, the weighted sentiment of BTC has turned negative. This indicates that some investors generally hold a bearish view. However, from a technical perspective, BTC's indicators present a more subtle picture. Recent analysis of the BTC daily chart shows a sharp decline in the Chaikin Money Flow (CMF), suggesting a potential bearish trend. At the same time, as indicated by the Bollinger Bands, BTC is testing its 20-day Simple Moving Average (SMA). The Moving Average Convergence Divergence (MACD) shows signs of a possible bullish crossover, which could push BTC beyond the 20-day SMA. In conclusion, various indicators and market behavior indicate that BTC is currently in the accumulation phase. Although some technical indicator suggests caution due to negative sentiment, the overall data indicates a potential bullish trend in the near future. Investors should consider these insights to make wise decisions on accumulating BTC and to take advantage of the current market conditions for potential long-term gains. (Data Source: Marisol Navaro)

Insight

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