What is The Root Network (ROOT)?
The Root Network (ROOT) is more than just a blockchain; it's a foundational layer for the open metaverse, designed to facilitate seamless user experiences and asset interoperability. This Layer 1 blockchain ensures the integrity of its ledger, validates transactions, and executes smart contracts. It supports Solidity smart contracts through an integrated EVM, enabling Ethereum-compatible operations. The Root Network also allows for the creation and exchange of digital assets across various metaverse applications. Importantly, it has a built-in digital collectibles protocol, negating the need for deploying smart contracts for creating collectibles. Additionally, ROOT community members can run nodes or stake ROOT, contributing to the network’s infrastructure and security. The network has integrated XRP for use in smart contracts and as its default gas token. This integration facilitates the use of XRP and other XRPL tokens on The Root Network, enhancing its interoperability with the XRPL ecosystem.
The ROOT price is influenced by a combination of market sentiment, technical indicators, and the network's strategic developments. Current sentiment for ROOT is neutral, with an equal division between bullish and bearish indicators. The Fear Greed Index, a measure combining various market indicators, including social media activity, stands at 69, indicating 'Greed'. This suggests that investors are currently inclined towards a positive outlook on the market. However, it's crucial to note that this sentiment can be subject to rapid changes, influenced by news, social media mentions, and broader market trends. Recent developments like the introduction of XRP rewards for validators and stakers on the Root Network, and the network's initiative to address interoperability issues between the XRP Ledger and Ethereum Virtual Machine (EVM), have likely contributed to this sentiment. These advancements, particularly the integration with XRPL's decentralized exchange (DEX), potentially foster a more dynamic liquidity ecosystem, thereby impacting ROOT's market perception and price.
The cheapest way to Buy The Root Network (ROOT) on Bitget
On Bitget you can buy The Root Network (ROOT) easily and fast. Bitget offers:
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Simple 3-step guide to buying ROOT today in Portugal
Create your free Bitget account
Select a funding method
Complete your The Root Network purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for The Root Network using a payment method of your choice:
Buy The Root Network with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your The Root Network order.
How to buy crypto with credit/debit cardBuy The Root Network with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into The Root Network is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your The Root Network order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your The Root Network order.Buy The Root Network with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your The Root Network order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor The Root Network in your Bitget spot wallet
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Located on the stunning Iberian Peninsula of Southwestern Europe is the nation of Portugal, home to more than 10 million people and two autonomous archipelagos – Azores and Madeira – that have their own regional governments. Its capital city is Lisbon, acting as the country’s financial, political and cultural hub. With a history of being one of the first global maritime and commercial empires, Portugal also possesses the 14th largest gold reserves in the world, with a GDP estimated to be around US$432 billion in 2022.
While Lisbon is no doubt one of the country’s most appealing tourist destinations – thanks to sights like the Church of São Vicente de Fora, the Belém Tower, and the Carmo Convent – other major cities in the region have also proven popular, including Porto, Madeira and Lagos. For the best of Portuguese cuisine, you might also want to try caldo verde, bacalhau, grilled sardines, bifanas, and piri-piri chicken.
Portugal’s official language is Portuguese and its national currency is the Euro (EUR), and with direct support for both from Bitget’s website and app, you can purchase The Root Network(ROOT) in just a few clicks, whether you’re in Lisbon or Porto or Coimbra or Sintra. Our exchange offers a series of secure payment options to make your trading experience safer and more convenient, including P2P trading, crypto deposits, other third-party merchants such as Apple Pay, Google Pay, and a range of different credit card services.