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ALON to NGN Converter and calculator

ALON/NGN: 1 ALON = 2.91 NGN. The price of converting 1 Alon (ALON) to Nigerian Naira (NGN) is 2.91 NGN today.
ALON
ALON
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides ALON to NGN real-time exchange rates, making it easy to convert Alon (ALON) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 ALON is currently valued at 2.91 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 ALON is currently valued at 2.91 NGN, which means buying 5 ALON would cost 14.53 NGN. Similarly, ₦1 NGN can be converted to 0.3440 ALON, and ₦50 NGN can be converted to 1.72 ALON, excluding any platform or gas fees.

Convert ALON to NGN

Convert NGN to ALON

Alon
Nigerian Naira
1 ALON
2.91  NGN
Exchange 1 ALON for 2.91 NGN
2 ALON
5.81  NGN
Exchange 2 ALON for 5.81 NGN
5 ALON
14.53  NGN
Exchange 5 ALON for 14.53 NGN
10 ALON
29.07  NGN
Exchange 10 ALON for 29.07 NGN
20 ALON
58.13  NGN
Exchange 20 ALON for 58.13 NGN
50 ALON
145.33  NGN
Exchange 50 ALON for 145.33 NGN
100 ALON
290.66  NGN
Exchange 100 ALON for 290.66 NGN
200 ALON
581.32  NGN
Exchange 200 ALON for 581.32 NGN
500 ALON
1,453.3  NGN
Exchange 500 ALON for 1,453.3 NGN
1000 ALON
2,906.6  NGN
Exchange 1000 ALON for 2,906.6 NGN
5000 ALON
14,533.02  NGN
Exchange 5000 ALON for 14,533.02 NGN
10000 ALON
29,066.05  NGN
Exchange 10000 ALON for 29,066.05 NGN
In the table above, you'll find a comprehensive ALON to NGN converter that shows the value of Alon in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 ALON to NGN, all the way up to 10000 ALON, providing a clear view of their respective values.
Nigerian Naira
Alon
1 NGN
0.3440 ALON
Exchange 1 NGN for 0.3440 ALON
10 NGN
3.44 ALON
Exchange 10 NGN for 3.44 ALON
50 NGN
17.2 ALON
Exchange 50 NGN for 17.2 ALON
100 NGN
34.4 ALON
Exchange 100 NGN for 34.4 ALON
200 NGN
68.81 ALON
Exchange 200 NGN for 68.81 ALON
500 NGN
172.02 ALON
Exchange 500 NGN for 172.02 ALON
1000 NGN
344.04 ALON
Exchange 1000 NGN for 344.04 ALON
2000 NGN
688.09 ALON
Exchange 2000 NGN for 688.09 ALON
5000 NGN
1,720.22 ALON
Exchange 5000 NGN for 1,720.22 ALON
10000 NGN
3,440.44 ALON
Exchange 10000 NGN for 3,440.44 ALON
50000 NGN
17,202.2 ALON
Exchange 50000 NGN for 17,202.2 ALON
100000 NGN
34,404.4 ALON
Exchange 100000 NGN for 34,404.4 ALON
In the table above, you'll find a comprehensive NGN to ALON converter that shows the value of Nigerian Naira in Alon across commonly used conversion amounts. The list covers conversions from 1 NGN to ALON, all the way up to 100000 NGN, providing a clear view of their respective values.

ALON to NGN chart

ALON/NGN: 1 ALON = 2.91 NGN; 2025/12/05 09:58:02
In the past 1D, Alon has changed -1.45% to NGN. Based on the trend and price charts, Alon(ALON) has changed -1.45% to NGN while Nigerian Naira(NGN) has changed % to ALON in the last 24 hours.
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ALON to NGN conversion data: Volatility and price changes of Alon in NGN

The highest Alon price in NGN over the past 7 days was 3.16 NGN while the lowest Alon price in NGN over the past 7 days was 2.37 NGN. The relative change between the highs and lows in Alon price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and ALON to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
3.03 NGN
3.16 NGN
4.5 NGN
16.39 NGN
Low
2.82 NGN
2.37 NGN
2.28 NGN
2.28 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-1.45%
-1.88%
-29.52%
-60.17%

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Bitget P2P trading does not currently support direct buying of ALON with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy ALON with USDT via Bitget spot market.
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Alon information

ALON to NGN market statistics

ALON/NGN:
₦2.91
ALON 24h volume:
₦420,173,819.24
ALON market cap:
₦2,900,680,106.01
ALON circulating supply:
997.96M ALON

Current ALON to NGN exchange rate

Alon to Nigerian Naira is falling this week.
Alon's current market price is ₦2.91 per ALON, with a total market cap of ₦2,900,680,106.01 NGN based on a circulating supply of 997,961,700 ALON. The trading volume of Alon has changed by -12.41% (₦-59,530,324.88 NGN) in the last 24 hours. Last trading day, ALON's trading volume was ₦479,704,144.11.

More info about Alon on Bitget

Nigerian Naira information

About the Nigerian Naira (NGN)

What Is the Nigerian Naira (NGN)?

The Nigerian Naira is the official currency of Nigeria, a country in West Africa. The Naira is symbolized by ₦ and has the currency code NGN. One Naira is divided into 100 Kobo. As Africa's largest economy, Nigerian Naira plays a crucial role both domestically and in the African financial landscape. The Nigerian Naira is the sole legal tender in Nigeria, and it is used for all transactions within the country.

The Nigerian Naira is issued by the Central Bank of Nigeria (CBN), which is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The CBN is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining the value of the Naira.

What Is the History of NGN?

The Nigerian Naira, introduced on January 1, 1973, marked a significant milestone in Nigeria's economic history, replacing the Nigerian pound at a rate of 2 Naira for 1 pound. This transition signified Nigeria's shift from the British pound sterling to a distinct and independent decimal currency system. The name 'Naira' was derived from 'Nigeria', symbolizing the nation's sovereignty in monetary matters. The initial series of banknotes and coins were the first to be issued by an independent Nigeria, with the coins being the last to feature Queen Elizabeth II, reflecting the country's colonial history.

Notes and Coins of NGN

The Nigerian Naira (NGN) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50 Kobo, 1 Naira, and 2 Naira. Banknotes are issued in denominations of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.

What Is eNaira?

The eNaira is the first African central bank digital currency (CBDC). Launched on October 25, 2021, by President Muhammadu Buhari, the eNaira is issued and regulated by the Central Bank of Nigeria (CBN). It operates as a legal tender, just like physical Naira, but in a digital form, maintaining a one-to-one value with the traditional Naira. The eNaira aims to enhance financial inclusion, improve payment efficiency, and facilitate seamless cross-border transactions. It operates on a blockchain network, allowing peer-to-peer transactions without intermediaries, distinguishing itself from decentralized cryptocurrencies like Bitcoin by running on a private blockchain controlled by the CBN. Users access the eNaira through digital wallets, with transactions promising speed, reduced costs, and increased convenience.

Is NGN Pegged to GBP?

No, the Nigerian Naira (NGN) is not pegged to the British Pound Sterling (GBP). The Naira operates on a floating exchange rate system, where its value is determined by market forces based on supply and demand in the foreign exchange market.

Historically, Nigeria used the British Pound Sterling during its time as a British colony and for some years after gaining independence. However, in 1973, Nigeria introduced the Naira to replace the Pound Sterling and established its own monetary system. Since then, the Naira has not been pegged to the Pound Sterling or any other foreign currency but has been subject to fluctuations in the international currency markets.

Is NGN a Stable Currency?

The Nigerian Naira (NGN) has historically faced challenges regarding stability. The Naira had been experiencing significant fluctuations, largely due to factors such as political instability, economic challenges, and fluctuations in oil prices, which is a major revenue source for Nigeria. For instance, in 2021, the official exchange rate of the Naira to the US Dollar was around 380 NGN to 1 USD, while the parallel market rate was much higher, around 475 NGN to 1 USD. In June 2023, the Naira fell 23% in a day to a rate of ₦600 to US$1. This discrepancy indicates ongoing challenges in achieving currency stability.

Bitget crypto-to-fiat exchange data shows that the most popular Alon currency pair is the ALON to NGN, with for Alon's currency code being ALON. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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How to convert ALON to NGN

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ALON to NGN Conversion tables

The exchange rate of Alon is decreasing.
The exchange rate of 1 ALON to Nigerian Naira has changed by -1.88% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.45%, reaching a high of 3.03 NGN and a low of 2.82 NGN . One month ago, the value of 1 ALON was ₦4.14 NGN , which represents a -29.52% change from its current value. Over the last year, Alon has changed by
+
1.58NGN
, resulting in a change of +115.70% in its value.
24 hours ago1 month ago1 year ago
Amount 09:58 am today 24 hours ago 24h change
0.5 ALON
₦1.45₦1.48
-1.45%
1 ALON
₦2.91₦2.95
-1.45%
5 ALON
₦14.53₦14.75
-1.45%
10 ALON
₦29.07₦29.5
-1.45%
50 ALON
₦145.33₦147.5
-1.45%
100 ALON
₦290.66₦295.01
-1.45%
500 ALON
₦1,453.3₦1,475.04
-1.45%
1000 ALON
₦2,906.6₦2,950.08
-1.45%

ALON to NGN FAQ

How much is 1 Alon in NGN?
Right now, the price of 1 Alon (ALON) in Nigerian Naira (NGN) is ₦2.91.
How much ALON can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.3440 ALON for 1 NGN.
How do I calculate or convert ALON to NGN?
You can use our ALON to NGN calculator at the top of this page to convert any amount of ALON to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 1.72 ALON, while 5 ALON will cost around 14.53NGN.
What is the highest price of ALON/NGN in history?
The all-time high price of 1 ALON in NGN is ₦220.03. It remains to be seen if the value of 1 ALON/NGN will exceed the current all-time high.
What is the price trend of Alon in NGN?
Over the past 7 days, the exchange rate of Alon (ALON) has gone down by 1.88%.   Over the last month, the exchange rate of Alon (ALON) has gone down by 29.52% against Nigerian Naira (NGN).

What factors influence the conversion rate of ALON to NGN?

There are many factors that affect the relationship between Alon and Nigerian Naira, 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 ALON/NGN. When there is positive news in the market about the widespread adoption of ALON or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ALON/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ALON/NGN.
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 ALON/NGN. 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 Alon and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Alon currency pairs: ALON to US Dollar (USD), ALON to Euro (EUR), ALON to Pound Sterling (GBP), ALON to Canadian Dollar (CAD), ALON to Indian Rupee (INR), ALON to Pakistani Rupee (PKR), ALON to Brazilian Real (BRL), ALON to…
The price of Alon in the US is $0.002004 USD. Additionally, Alon’s price is €0.001717 EUR in the eurozone, £0.001501 GBP in the UK, C$0.002794 CAD in Canada, ₹0.1804 INR in India, ₨0.5673 PKR in Pakistan, R$0.01064 BRL in Brazil, and more.
The most popular Alon currency pair is the ALON to Nigerian Naira(NGN). The price of 1 Alon (ALON) in Nigerian Naira (NGN) is ₦2.91.

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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.