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ROOT to NGN Converter and calculator

ROOT/NGN: 1 ROOT = 5.12 NGN. The price of converting 1 The Root Network (ROOT) to Nigerian Naira (NGN) is 5.12 NGN today.
ROOT
ROOT
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides ROOT to NGN real-time exchange rates, making it easy to convert The Root Network (ROOT) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 ROOT is currently valued at 5.12 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 ROOT is currently valued at 5.12 NGN, which means buying 5 ROOT would cost 25.61 NGN. Similarly, ₦1 NGN can be converted to 0.1953 ROOT, and ₦50 NGN can be converted to 0.9763 ROOT, excluding any platform or gas fees.

Convert ROOT to NGN

Convert NGN to ROOT

The Root Network
Nigerian Naira
1 ROOT
5.12  NGN
Exchange 1 ROOT for 5.12 NGN
2 ROOT
10.24  NGN
Exchange 2 ROOT for 10.24 NGN
5 ROOT
25.61  NGN
Exchange 5 ROOT for 25.61 NGN
10 ROOT
51.22  NGN
Exchange 10 ROOT for 51.22 NGN
20 ROOT
102.43  NGN
Exchange 20 ROOT for 102.43 NGN
50 ROOT
256.08  NGN
Exchange 50 ROOT for 256.08 NGN
100 ROOT
512.15  NGN
Exchange 100 ROOT for 512.15 NGN
200 ROOT
1,024.3  NGN
Exchange 200 ROOT for 1,024.3 NGN
500 ROOT
2,560.76  NGN
Exchange 500 ROOT for 2,560.76 NGN
1000 ROOT
5,121.51  NGN
Exchange 1000 ROOT for 5,121.51 NGN
5000 ROOT
25,607.57  NGN
Exchange 5000 ROOT for 25,607.57 NGN
10000 ROOT
51,215.14  NGN
Exchange 10000 ROOT for 51,215.14 NGN
In the table above, you'll find a comprehensive ROOT to NGN converter that shows the value of The Root Network in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 ROOT to NGN, all the way up to 10000 ROOT, providing a clear view of their respective values.
Nigerian Naira
The Root Network
1 NGN
0.1953 ROOT
Exchange 1 NGN for 0.1953 ROOT
10 NGN
1.95 ROOT
Exchange 10 NGN for 1.95 ROOT
50 NGN
9.76 ROOT
Exchange 50 NGN for 9.76 ROOT
100 NGN
19.53 ROOT
Exchange 100 NGN for 19.53 ROOT
200 NGN
39.05 ROOT
Exchange 200 NGN for 39.05 ROOT
500 NGN
97.63 ROOT
Exchange 500 NGN for 97.63 ROOT
1000 NGN
195.25 ROOT
Exchange 1000 NGN for 195.25 ROOT
2000 NGN
390.51 ROOT
Exchange 2000 NGN for 390.51 ROOT
5000 NGN
976.27 ROOT
Exchange 5000 NGN for 976.27 ROOT
10000 NGN
1,952.55 ROOT
Exchange 10000 NGN for 1,952.55 ROOT
50000 NGN
9,762.74 ROOT
Exchange 50000 NGN for 9,762.74 ROOT
100000 NGN
19,525.48 ROOT
Exchange 100000 NGN for 19,525.48 ROOT
In the table above, you'll find a comprehensive NGN to ROOT converter that shows the value of Nigerian Naira in The Root Network across commonly used conversion amounts. The list covers conversions from 1 NGN to ROOT, all the way up to 100000 NGN, providing a clear view of their respective values.

ROOT to NGN chart

ROOT/NGN: 1 ROOT = 5.12 NGN; 2025/07/30 05:43:02
In the past 1D, The Root Network has changed -0.41% to NGN. Based on the trend and price charts, The Root Network(ROOT) has changed -0.41% to NGN while Nigerian Naira(NGN) has changed % to ROOT in the last 24 hours.
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ROOT to NGN conversion data: Volatility and price changes of The Root Network in NGN

The highest The Root Network price in NGN over the past 7 days was 8.78 NGN while the lowest The Root Network price in NGN over the past 7 days was 6.71 NGN. The relative change between the highs and lows in The Root Network price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and ROOT 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
7.67 NGN
8.78 NGN
14.62 NGN
14.62 NGN
Low
7.34 NGN
6.71 NGN
5.35 NGN
5.35 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.41%
-8.06%
+3.71%
-47.39%

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The Root Network information

ROOT to NGN market statistics

ROOT/NGN:
₦5.12
ROOT 24h volume:
₦2,776,375,349.69
ROOT market cap:
₦16,467,635,283.07
ROOT circulating supply:
3.22B ROOT

Current ROOT to NGN exchange rate

The Root Network to Nigerian Naira is falling this week.
The Root Network's current market price is ₦5.12 per ROOT, with a total market cap of ₦16,467,635,283.07 NGN based on a circulating supply of 3,215,384,000 ROOT. The trading volume of The Root Network has changed by -17.77% (₦-600,043,685.21 NGN) in the last 24 hours. Last trading day, ROOT's trading volume was ₦3,376,419,034.89.

More info about The Root Network 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 The Root Network currency pair is the ROOT to NGN, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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How to convert ROOT to NGN

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1 ROOT to ₦5.12 NGN
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ROOT to NGN Conversion tables

The exchange rate of The Root Network is increasing.
The exchange rate of 1 ROOT to Nigerian Naira has changed by -8.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.41%, reaching a high of 7.67 NGN and a low of 7.34 NGN . One month ago, the value of 1 ROOT was ₦4.86 NGN , which represents a +3.71% change from its current value. Over the last year, The Root Network has changed by
-
44.55NGN
, resulting in a change of -85.81% in its value.
24 hours ago1 month ago1 year ago
Amount 05:43 am today 24 hours ago 24h change
0.5 ROOT
₦2.56₦2.58
-0.41%
1 ROOT
₦5.12₦5.15
-0.41%
5 ROOT
₦25.61₦25.76
-0.41%
10 ROOT
₦51.22₦51.52
-0.41%
50 ROOT
₦256.08₦257.59
-0.41%
100 ROOT
₦512.15₦515.19
-0.41%
500 ROOT
₦2,560.76₦2,575.94
-0.41%
1000 ROOT
₦5,121.51₦5,151.88
-0.41%

ROOT to NGN FAQ

How much is 1 The Root Network in NGN?
Right now, the price of 1 The Root Network (ROOT) in Nigerian Naira (NGN) is ₦5.12.
How much ROOT can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.1953 ROOT for 1 NGN.
How do I calculate or convert ROOT to NGN?
You can use our ROOT to NGN calculator at the top of this page to convert any amount of ROOT to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.9763 ROOT, while 5 ROOT will cost around 25.61NGN.
What is the highest price of ROOT/NGN in history?
The all-time high price of 1 ROOT in NGN is ₦711.89. It remains to be seen if the value of 1 ROOT/NGN will exceed the current all-time high.
What is the price trend of The Root Network in NGN?
Over the past 7 days, the exchange rate of The Root Network (ROOT) has gone down by 8.06%.   Over the last month, the exchange rate of The Root Network (ROOT) has gone up by 3.71% against Nigerian Naira (NGN).

What factors influence the conversion rate of ROOT to NGN?

There are many factors that affect the relationship between The Root Network 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 ROOT/NGN. When there is positive news in the market about the widespread adoption of ROOT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ROOT/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ROOT/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 ROOT/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 The Root Network 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 The Root Network currency pairs: ROOT to US Dollar (USD), ROOT to Euro (EUR), ROOT to Pound Sterling (GBP), ROOT to Canadian Dollar (CAD), ROOT to Indian Rupee (INR), ROOT to Pakistani Rupee (PKR), ROOT to Brazilian Real (BRL), ROOT to…
The price of The Root Network in the US is $0.003348 USD. Additionally, The Root Network’s price is €0.002896 EUR in the eurozone, £0.002506 GBP in the UK, C$0.004608 CAD in Canada, ₹0.2915 INR in India, ₨0.9479 PKR in Pakistan, R$0.01866 BRL in Brazil, and more.
The most popular The Root Network currency pair is the ROOT to Nigerian Naira(NGN). The price of 1 The Root Network (ROOT) in Nigerian Naira (NGN) is ₦5.12.

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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.