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.
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Simple 3-step guide to buying ROOT today in Switzerland
Create your free Bitget account
Select a funding method
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Step 2: Place an order for The Root Network using a payment method of your choice:
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For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
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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.
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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
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