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Tag: Oasis Network

  • Oasis Network – What’s been up in the ecosystem?  

    Oasis Network – What’s been up in the ecosystem?  

    Oasis Network peaked towards the end of November – establishing a new all-time high at $0.46. Market corrections followed suit after the ATH was recorded and the cryptocurrency was expected to be moving downhill for a while; however, the downtrend was soon reversed amidst strong fundamentals and recent developments. During the past twenty-four hours, ROSE token recorded a steep upwards jump, increasing by nearly 20% during the window. Moreover, the weekly performance records a growth of nearly 50%. At the time of writing, the cryptocurrency stands at a price level of $0.31 with the daily trading volume also having surged by around 140%. Oasis Network currently stands at a market rank of #87. 

    Oasis Network – Recent developments 

    The engineering team of Oasis Network has been working hard on fulfilling gaps in the network. During November, the network’s wallet saw some major updates which resolved issues as well as revamped the wallet with a better user interface. The browser extension of the wallet is also currently undergoing developments and the team is expecting to release a new version by the end of December. 

    Another major development on the network is the launch of Emerald ParaTime. Emerald ParaTime is Oasis Network’s EVM-compatible ParaTime designed for NFTs, metaverse and DeFi. The ParaTime has been successfully deployed on the mainnet of the network. The Wormhole Bridge is also expected to be integrated to the Emerald ParaTime by the end of December. The Wormhole Bridge will enable the network to seamlessly transfer assets from Terra, BSC, Ethereum, Solana and Polygon to Oasis. Other developments related to the Emerald ParaTime are also being anticipated. A block explorer for Emerald is also to be added soon to the ParaTime. 

    The Oasis Network’s ecosystem has also had several developments which have resulted in high community engagement. YuzuSwap – an open and safe DEX ecosystem built on Oasis – launched an airdrop program which saw nearly 90,000 participants. YuzuSwap has also been successfully deployed and in just the first three days of launch, saw 12k unique users. Two grant awardees, WePiggy and Amy.Finance, are also working on lending protocols for Emerald to be launched in January. 

    Future outlook 

    The past couple of months have been jam-packed with interesting developments for Oasis Network and is also the reason why ROSE token surged to a new ATH. The network has strong fundamentals which boost a positive future outlook. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $0.48 in a year’s time while the five-year projection places it at $1.17. 

  • Oasis Network (ROSE) – Where to Now?

    Oasis Network (ROSE) – Where to Now?

    ROSE being ranked at number 91st according to coinmarketcap data is being traded at around $0.395 at the moment. The coin has a decrease of almost 2.97% within the last 24 hours. The high within this the price reached was $0.443 and the low was marked at $0.3659.

    The coin has a trading volume of around $347,543,892 with a decrease of almost 26.41% in the last 24hours. The Circulating supply is now equal to 3.49B ROSE

    ROSE reached its all-time high this month on 21st November 2021. The price reached a value of $0.466. This month has been highly bullish for the coin and we have seen an increase of about 115%. The top exchanges for trading in ROSE are currently Binance, Mandala Exchange, KuCoin, gate.io, and coin tiger.

    Technical Analysis – Oasis Network (ROSE)

    ROSE was consolidating for a lot of time and then created an impulsive move that broke the structure. The market created equal highs which was the signal for the price to drop. Soon after the price reached the second equal high from where ROSE printed a bearish candle which dropped the price.

    This move resulted in the drop of the price to the daily order block which grabbed all the liquidity and the price moved upwards. It can be seen that the price goes through an AMD pattern but here the distribution occurred directly.

    ROSE - 1D

    Now the price has started to consolidate on the daily time frame. The presence of imbalance, daily order blocks is a confluence for the price to drop. There are two possible points which should be taken into consideration. The daily order block which lies just below which may be a point for the market to reverse. The second point of reversal is the equilibrium zone before the upward movement. If it reverses from around $0.30 then a possible long can be taken, so lower time frame confirmations should be taken into consideration to take entries.

    Price Prediction –  Oasis Network (ROSE)

    Oasis Network has very positive expectations from the price. According to the wallet investor, the price is expected to reach a value of $0.523 in a year. In 5 years, the price is expected to reach a level of $1.087. With the number of new partnerships, it can be expected that ROSE is going to be worth a lot more in the future.