HomeNewscoinquora.comOasis Network Price Prediction - Will ROSE Price Hit $1 in 2021?

Oasis Network Price Prediction – Will ROSE Price Hit $1 in 2021?

- Advertisement -


  • Bullish ROSE price prediction ranges from $0.36 to $0.68.
  • ROSE prices might also reach $1 soon.
  • ROSE bearish market price prediction for 2021 is $0.25.

This Oasis Network (ROSE) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our ROSE price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, ROSE is perhaps one of the most surprising for some. It is not directly connected to the crypto king Bitcoin, nor is it the most hyped digital currency today. But for those that are aware, ROSE has been around since 2020.

Can ROSE reach $1 in 2021? We will find out shortly. But before we proceed to our ROSE price prediction, let us first answer the question “What is Oasis Network (ROSE)?” in this ROSE prediction 2021 article.

What is Oasis Network (ROSE)?

Oasis Network is a privacy-enabled, scalable blockchain built for decentralized finance and a responsible, user-owned data economy.

With high scalability and privacy-preserving architecture, Oasis Network aims to power private scalable Decentralized Finance (DeFi) — expanding early adopters and traders to a mass market. Its privacy features also create a new type of digital asset called Tokenized Data that allows users to take control of their data and earn rewards for staking it.

Another thing is, the Oasis ParaTime scaling architecture supports fast transaction speed, large workloads, and high scalability by separating execution from consensus. To support a rich ecosystem of applications and use-cases, Oasis Network lets anyone create their own ParaTime. This model is similar to how Avalanches displays various subnets or how Polkadot secures and connects independent Parachains. Although, unlike Parachain, a ParaTime does not need to do consensus itself. This makes ParaTime simpler to develop and more integrated into the network in the big picture.

The core developer of the Oasis Network is called Oasis Labs. This was founded in 2018 by Dawn Song from the University of California at Berkeley. The development team raised $45 million from 16z crypto, Polychain Capital, and Binance Labs to support initial protocol development.

Currently, the Oasis Network is running a release candidate for Mainnet which is the Amber Network. Hence, this remains to be one of the cryptocurrencies to look for in 2021. With that said, is Oasis Network a good cryptocurrency to invest in this 2021? Let’s find out in this ROSE price prediction 2021 article.

Oasis Network (ROSE) Current Market Status

As of the time of writing this Oasis Network price analysis, ROSE trades at $0.283 with a 24-hour trading volume of $738,386,524, according to CoinMarketCap. The price of ROSE has increased by 13% in the last 24 hours.

Furthermore, ROSE has a current circulating supply of 1,500,000,000 ROSE. Currently, the top cryptocurrency exchanges for ROSE are Binance, Gate.io, CoinTiger, KuCoin, and ZT. Now, let’s proceed to the next part of this ROSE price prediction for 2021.

Oasis Network (ROSE) Price Analysis 2021

Currently, Oasis Network holds the 136th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the ROSE blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ROSE price prediction article.

ROSE USDT Chart Showing Ascending Scallop Pattern
ROSE/USDT Chart Showing Ascending Scallop Pattern (Source: TradingView)

Based on the graph above, the chart displays a cup and handle pattern. The pattern represents a period of consolidation which might result and reach an immediate price breakout or breakdown. A breakdown from the lower trendline represents the start of a new bearish trend, while a breakout from the upper trendline shows the start of a new bullish trend.

As shown above, at the beginning of this month, ROSE turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) of ROSE points at level 93.95, this means that ROSE is at an overbought state. In this case, traders and investors can confidently trade without worrying about any major price reversal.

Therefore, traders must trade crypto wisely and should not be affected by the market hype. Keeping all this in mind, traders can move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ROSE.

Since the start of 2021, ROSE’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ROSE has a competitive market this 2021.

Oasis Network (ROSE) Price Prediction 2021

The chart below shows that ROSE has performed great over the past few days. However, the ROSE price shows a bullish signal. If this trend continues, ROSE might run along with the bulls, breaking its $0.683 resistance level and go higher.

Conversely, if the investors do not favor crypto, the bears might take over and pull ROSE from its uptrend position. In simpler terms, the price of ROSE might decrease to almost $0.137, a bearish signal.

Meanwhile, our long-term ROSE price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.358 this year. Moreover, ROSE can hit ATH only if it breaks many previous psychological resistances.

Oasis Network (ROSE) Price Prediction 2022

If this bullish trend continues, ROSE will reach $1.5 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $2. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $1.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Oasis Network (ROSE) Price Prediction 2023

If ROSE holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $3, making it not plummet but play consistently.

Oasis Network (ROSE) Price Prediction 2024

As per the latest upgrades, developments, ROSE price prediction, and new project forecasts of the platform, ROSE investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ROSE in the crypto market, and it will be the best investment as the price can spike and reach around $5.

Oasis Network (ROSE) Price Prediction 2025

In the next four years, ROSE prices could race up to $7.5. However, reaching this level could not be so difficult for ROSE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ROSE has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Oasis Network has a bright future ahead of it in 2021. With the ongoing developments happening within the ROSE system, as well as in the overall cryptocurrency market, we may see ROSE reach new heights.

Bullish ROSE price prediction 2021 is $0.68. As said above, it may even reach $1 if investors have decided that ROSE is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Oasis Network (ROSE)?

Oasis Network is a privacy-enabled, scalable blockchain built for decentralized finance and a responsible, user-owned data economy. It’s native coin is ROSE.

Is Oasis Network (ROSE) a good investment?

ROSE is a good investment in 2021. ROSE has a high possibility of surpassing its current ATH at about $0.358 this year.

What Algorithm Does Oasis Network Use?

Oasis Network is a coin that uses the Proof-of-Stake (PoS) algorithm.

What Coins Are Similar to Oasis Network?

The following coins use Oasis Network’s Proof of Stake algorithm and proof-type:
AXEL, KnoxFS, Sport and Leisure, Bitball Treasure, inSure, Rewardinga, BitcoinPoS, Rakon, Neutrino Dollar, Tachyon Protocol, BackPacker Coin, Netbox Coin, WebDollar, and CONTRACOIN.

What is the Oasis ROSE Garden?

The Oasis ROSE Garden is a novel mechanism to reward ROSE tokens to the community, while also making the Oasis Network stronger and safer. The Oasis ROSE Garden will not only support the Oasis Network but will also help grow the community by giving folks an opportunity to earn ROSE before the mainnet’s launch.

Will ROSE Price Reach $1 This 2021?

Yes, it’s very much possible that ROSE might reach $1 in the near future as per the current bullish trend.

How to Buy a ROSE Token?

Users can obtain ROSE tokens by purchasing them from cryptocurrency exchanges such as Binance, CoinTiger, KuCoin, ZT, and Gate.io.

What will be the Oasis Network price by 2022?

Oasis Network (ROSE) price is expected to reach $1.5 by 2022.

What will be the Oasis Network price by 2023?

Oasis Network (ROSE) price is expected to reach $3 by 2023.

What will be the Oasis Network price by 2024?

Oasis Network (ROSE) price is expected to reach $5 by 2024.

What will be the Oasis Network price by 2025?

Oasis Network (ROSE) price is expected to reach $7.5 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

Recommended Articles



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,546FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 55,085.00
ethereum
Ethereum (ETH) $ 4,355.47
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 549.23
litecoin
Litecoin (LTC) $ 194.47
eos
EOS (EOS) $ 3.90
okb
OKB (OKB) $ 26.38
tezos
Tezos (XTZ) $ 5.05
leo-token
LEO Token (LEO) $ 3.55
cardano
Cardano (ADA) $ 1.60
monero
Monero (XMR) $ 231.38
stellar
Stellar (XLM) $ 0.344022
chainlink
Chainlink (LINK) $ 24.29
huobi-token
Huobi Token (HT) $ 9.53
tron
TRON (TRX) $ 0.098391
usd-coin
USD Coin (USDC) $ 0.999621
dash
Dash (DASH) $ 173.34
neo
NEO (NEO) $ 36.13
iota
IOTA (MIOTA) $ 1.44
nem
NEM (XEM) $ 0.16556
zcash
Zcash (ZEC) $ 221.32
maker
Maker (MKR) $ 2,824.93
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 45.94
vechain
VeChain (VET) $ 0.112885
true-usd
TrueUSD (TUSD) $ 0.99713
ftx-token
FTX Token (FTT) $ 47.56
kucoin-shares
KuCoin Token (KCS) $ 24.33
waves
Waves (WAVES) $ 21.05