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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.86%
New listings on Bitget: Pi Network
BTC/USDT$82354.00 (-3.21%)Fear and Greed Index25(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow +$218.1M (1D); +$111.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.86%
New listings on Bitget: Pi Network
BTC/USDT$82354.00 (-3.21%)Fear and Greed Index25(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow +$218.1M (1D); +$111.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
ROOT
EGP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of The Root Network(ROOT) to Egyptian Pound(EGP). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 0.39 EGP . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
EGP information
About Egyptian Pound (EGP)
The Egyptian Pound (EGP), the official currency of Egypt, is not only a medium of exchange but also a symbol of Egypt’s rich history and evolving economic landscape. It is commonly abbreviated as EGP and represented by the symbol £. From the times of the Pharaohs to the modern era, Egypt has been a center of civilization and commerce. The Pound, introduced in the early 19th century, has played a pivotal role in this journey, reflecting the country's economic resilience and aspirations.
Historical Background
The Egyptian Pound was first introduced in 1834, replacing the piastre as the chief unit of currency. This transition marked Egypt’s gradual move towards a modern economy. The currency's establishment coincided with Muhammad Ali Pasha’s reign, often considered the founder of modern Egypt, who introduced various reforms to modernize the Egyptian economy.
Design and Symbolism
The design of the Egyptian Pound is a testament to Egypt's unique blend of rich ancient heritage and modern aspirations. The banknotes feature iconic symbols and figures from Egypt’s long history, including pharaohs, ancient monuments like the Pyramids of Giza, and modern leaders who have shaped the country’s recent history. These designs not only serve an economic purpose but also reflect national identity and pride.
Economic Role
The Pound is central to Egypt's economy, a mixed economy with agriculture, industry, and services sectors. It underpins these sectors by facilitating domestic and international trade. The stability and value of the Pound are vital for economic growth, influencing foreign investment, government revenue, and the standard of living.
The Pound in International Trade
Egypt's strategic location as a bridge between Africa and the Middle East, and its control of the Suez Canal, a key global shipping lane, make the Egyptian Pound significant in regional and international trade. The currency's performance against major currencies like the US Dollar and the Euro impacts Egypt's trade balance and economic health.
Bitget crypto-to-fiat exchange data shows that the most popular The Root Network currency pair is the ROOT to EGP, 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 EGP.
ROOT to EGP conversion rate trend
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In the past 1D, The Root Network has changed -12.45% to EGP. Based on the trend and price charts, The Root Network(ROOT) has changed -12.45% to EGP while Egyptian Pound(EGP) has changed % to ROOT in the last 24 hours.
ROOT to EGP market statistics
ROOT/EGP:
£ 0.3850
ROOT 24h volume:
£ 101,231,001.21
ROOT market cap:
£ 557,029,934.97
ROOT circulating supply:
1.45B ROOT
More info about The Root Network on Bitget
Current ROOT to EGP exchange rate
The Root Network to Egyptian Pound is falling this week.The Root Network's current market price is £ 0.3850 per ROOT, with a total market cap of £ 557,029,934.97 EGP based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by +27.21% (£ 21,651,823.18 EGP) in the last 24 hours. Last trading day, ROOT's trading volume was £ 79,579,178.03.
ROOT to EGP Conversion tables
The exchange rate of The Root Network is decreasing.1 ROOT is currently valued at £ 0.3850 EGP , which means buying 5 ROOT will cost £ 1.93 EGP . Similarly, £1 EGP can be traded for 2.6 ROOT, and £50 EGP can be converted to 129.87 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Egyptian Pound has changed by -14.47% in the last 7 days. In the last 24 hours, the rate has fluctuated by -12.45%, reaching a high of 0.4358 EGP and a low of 0.3840 EGP . One month ago, the value of 1 ROOT was £ 0.6220 EGP , which represents a -38.10% change from its current value. Over the last year, The Root Network has changed by , resulting in a change of -91.55% in its value.
-£
4.17EGPROOT to EGP
Amount
21:05 today
0.5 ROOT
£0.1925
1 ROOT
£0.3850
5 ROOT
£1.93
10 ROOT
£3.85
50 ROOT
£19.25
100 ROOT
£38.5
500 ROOT
£192.5
1000 ROOT
£385
EGP to ROOT
Amount21:05 today
0.5EGP1.3 ROOT
1EGP2.6 ROOT
5EGP12.99 ROOT
10EGP25.97 ROOT
50EGP129.87 ROOT
100EGP259.74 ROOT
500EGP1,298.69 ROOT
1000EGP2,597.38 ROOT
ROOT to EGP Today vs. 24 hours ago
| Amount | 21:05 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ROOT | £0.1925 | £0.2199 | -12.45% |
| 1 ROOT | £0.3850 | £0.4398 | -12.45% |
| 5 ROOT | £1.93 | £2.2 | -12.45% |
| 10 ROOT | £3.85 | £4.4 | -12.45% |
| 50 ROOT | £19.25 | £21.99 | -12.45% |
| 100 ROOT | £38.5 | £43.98 | -12.45% |
| 500 ROOT | £192.5 | £219.88 | -12.45% |
| 1000 ROOT | £385 | £439.75 | -12.45% |
ROOT to EGP Today vs. 1 month ago
| Amount | 21:05 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ROOT | £0.1925 | £0.3110 | -38.10% |
| 1 ROOT | £0.3850 | £0.6220 | -38.10% |
| 5 ROOT | £1.93 | £3.11 | -38.10% |
| 10 ROOT | £3.85 | £6.22 | -38.10% |
| 50 ROOT | £19.25 | £31.1 | -38.10% |
| 100 ROOT | £38.5 | £62.2 | -38.10% |
| 500 ROOT | £192.5 | £311 | -38.10% |
| 1000 ROOT | £385 | £622 | -38.10% |
ROOT to EGP Today vs. 1 year ago
| Amount | 21:05 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ROOT | £0.1925 | £2.28 | -91.55% |
| 1 ROOT | £0.3850 | £4.56 | -91.55% |
| 5 ROOT | £1.93 | £22.78 | -91.55% |
| 10 ROOT | £3.85 | £45.56 | -91.55% |
| 50 ROOT | £19.25 | £227.8 | -91.55% |
| 100 ROOT | £38.5 | £455.59 | -91.55% |
| 500 ROOT | £192.5 | £2,277.96 | -91.55% |
| 1000 ROOT | £385 | £4,555.93 | -91.55% |
How to convert ROOT to EGP
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Convert ROOT to EGP
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.
Learn MoreBuy ROOT (or USDT) for EGP (Egyptian Pound) offers
Bitget P2P trading does not currently support direct buying of ROOT with EGP. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell ROOT (or USDT) for EGP (Egyptian Pound) offers
Bitget P2P trading currently does not support direct selling of ROOT to EGP. However, you can first exchange ROOT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of ROOT to EGP?
There are many factors that affect the relationship between The Root Network and Egyptian Pound, 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/EGP. 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/EGP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ROOT/EGP.
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.
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/EGP. 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.
The Root Network price prediction
What will the price of ROOT be in 2026?
Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.01114 in 2026.
What will the price of ROOT be in 2031?
In 2031, the ROOT price is expected to change by +8.00%. By the end of 2031, the ROOT price is projected to reach $0.03053, with a cumulative ROI of +283.60%.
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Popular The Root Network Converter
Check out these popular currency conversions of The Root Network to several fiat currencies.
ROOT to TWD
1 ROOT to NT$ 0.2516 TWD
ROOT to CNY
1 ROOT to ¥ 0.05551 CNY
ROOT to USD
1 ROOT to $ 0.007612 USD
ROOT to EUR
1 ROOT to € 0.006904 EUR
ROOT to CAD
1 ROOT to $ 0.01073 CAD
ROOT to KRW
1 ROOT to ₩ 11.05 KRW
ROOT to JPY
1 ROOT to ¥ 1.11 JPY
ROOT to GBP
1 ROOT to £ 0.005817 GBP
ROOT to EGP
1 ROOT to £ 0.3850 EGP
ROOT to BRL
1 ROOT to R$ 0.04287 BRL
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between The Root Network and EGP.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as The Root Network and EGP. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of The Root Network in EGP, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
