Root Network token sees triple-digit gains after staking rewards launch

The Root Network (ROOT) token surged over 100% within 24 hours, making it one of the top-performing cryptocurrencies in early June 2025. ROOT, which is ranked at position 1244 according to its market cap as of the latest market data, is trading at $0.007751, marking a 105.6% gain in just one day. This rapid price appreciation has been accompanied by a significant uptick in trading volume, which rose by 139% in 24 hours. The current daily volume now stands at approximately $14 million. The sharp spike in market activity reflects growing investor confidence, underpinned by the much-anticipated launch of a staking feature, which now allows users to earn Vortex tokens. Notably, the Vortex tokens can be redeemed for either ROOT or XRP, driving increased interest and participation in the ecosystem. The staking model unveiled by the Root Network team The staking model introduced by The Root Network provides exposure not only to the base token but also to the broader utility of the platform. By staking, users receive Vortex tokens, which offer flexibility as they can be traded like any other crypto asset or redeemed for a share of the network’s value, including both ROOT and XRP. The Root Network @TheRootNetwork · Follow Replying to @TheRootNetwork What can you do with Vortex tokens?🔹 Redeem them for a proportional share of what’s in The Vortex (e.g. $ROOT , $XRP )🔹 Trade them like any other token.This staking model gives you exposure to the total utility of the network, not just its base token.More activity. More 11:47 PM · May 29, 2025 16 Reply Copy link Read 1 reply This dual-reward mechanism has clearly struck a chord with the community, helping to build positive sentiment and attract new participants. Active addresses and whale activity surge According to Santiment, daily active addresses on The Root Network climbed to a record 801 on Tuesday, far surpassing the previous peak of 400 seen in February. The number of ROOT holders also grew substantially, reaching nearly 10,000 — up from 8,830 in January. These metrics suggest that a combination of staking incentives and Fear of Missing Out (FOMO) is bringing new users into the fold. Additionally, whale activity has intensified, with the total supply of ROOT held by large investors increased to 11.9 billion tokens, up from 10 billion just a week earlier. Root Network on-chain metrics | Source: Santiment This accumulation by major players further solidifies the perception that the token’s fundamentals are improving. Beyond the price movements and the positive on-chain metrics, The Root Network itself is also gaining attention. The Root Network is a Layer 1 blockchain designed specifically for the open metaverse. It is backed by Futureverse and features integrations with major networks such as XRP Ledger (XRPL) and Ethereum (ETH). Also read: XRP price rises as Ripple’s RLUSD stablecoin gets approved in Dubai’s financial hub With partnerships involving household names like Warner Bros, Reebok, and Tencent, the project has managed to carve out a distinct position in the blockchain gaming and metaverse sector. Root Network price technical analysis From a technical standpoint, ROOT’s recent surge followed a textbook falling wedge breakout pattern. After bottoming at $0.0034 on Sunday, the token rapidly reversed course and reached as high as $0.0096. However, on the daily chart, the Relative Strength Index (RSI) currently sits at an extremely overbought level of 74.84, suggesting that a short-term pullback may be imminent as traders lock in profits. ROOT price chart |Source: TradingView Looking at the Fibonacci retracement levels, eyes are on the support at the 0.5 Fibonacci level at $0.00679, which, if broken, could result in a further pullback likely towards the 0.618 Fibonacci level at $0.00610. However, the broader picture remains bullish. ROOT is gaining traction on major crypto aggregators, reflecting sustained interest and visibility. The platform’s seamless user experience, backed by a robust ecosystem, continues to draw both retail and institutional attention. While caution is always advised in fast-moving markets, especially with high-volatility assets, the Root Network’s recent momentum suggests it may be poised for further growth, provided that adoption and utility continue to expand. The post Root Network token sees triple-digit gains after staking rewards launch appeared first on Invezz

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