Key Takeaways
The Oasis Network’s ROSE has declined since its yearly high in March. The performance for 2024 has been negative, showing a decline.
Its parent company, Oasis Labs, has worked with Facebook owner Meta on AI and fairness; one might hope that there will be more to come.
On Nov. 28, 2024, ROSE exchanged hands for $0.0953.
Let’s examine our price predictions for Oasis Network made on Aug. 27, 2024. We will also investigate the ROSE price history and discuss what ROSE is and does.
Here are the ROSE price predictions from CCN on Nov. 28, 2024. Price forecasts should be taken cautiously, especially for something as volatile as crypto.
Minimum ROSE Price Prediction | Average ROSE Price Prediction | Maximum ROSE Price Prediction | |
---|---|---|---|
2025 | $0.07 | $0.25 | $0.40 |
2026 | $0.10 | $0.35 | $0.55 |
2030 | $0.20 | $0.80 | $1.20 |
The 2025 price predictions for ROSE reflect the continuation of the Elliott Wave structure and gradual market adoption. If the current uptrend develops into a sustained Wave 3 impulse, the price could average $0.25, with a peak near $0.40 driven by increased interest and technical breakouts. However, potential corrections or market uncertainties could see the price retesting lower support levels around $0.07.
By 2026, ROSE may solidify its position within the crypto market, likely completing larger impulsive waves or beginning another bullish cycle. With improved utility and market conditions, the price could average $0.35, reaching as high as $0.55 if momentum accelerates. On the downside, failure to maintain long-term growth could result in a base price near $0.10, aligning with key Fibonacci retracements.
The 2030 predictions reflect significant growth potential as the crypto industry matures and ROSE potentially reaches new adoption milestones. With further integration into decentralized systems, the average price could rise to $0.80, with highs of $1.20 if the asset becomes widely utilized. However, market risks and competition could limit growth, with a minimum price near $0.20 serving as a conservative floor.
The ROSE daily chart shows a developing Elliott Wave pattern. Wave one peaks at $0.20 in March before retracing to $0.050 in September, marking wave two. The September uptrend likely represents the first sub-wave of wave three, with the potential to surpass previous highs and reach $0.30.
Momentum is recovering as the RSI rises from oversold levels, though confirmation of bullish strength is still needed for a sustained move upward. A breakout above the descending trendline could solidify the next impulsive phase, targeting Fibonacci levels at $0.20, $0.24, and $0.29.
On the four-hour chart, a smaller five-wave impulse is unfolding, with wave three nearing completion after reaching $0.10. The price is now in a corrective wave four-phase, consolidating near $0.083, aligned with the 0.786 Fibonacci retracement.
A continuation of the uptrend in Wave Five could target $0.11 and $0.124. However, failure to hold above $0.083 support could lead to a $0.077 or lower level retest. The Oasis Network price prediction for the next 24 hours all depends on whether ROSE can stay above $0.083.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 28, 2024, ROSE’s ATR was 0.008, implying fairly high volatility. The ATR has increased since the start of the year but has fallen since April. Divided by the $0.06 ROSE price, the ATR is 0.33.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and 30 show overbought and oversold conditions, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Nov. 28, 2024, ROSE scored 51.7 on the CCN Index, suggesting strong momentum.
We looked at the ROSE price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy ROSE.
Time to Buy ROSE | Best Days, Weeks, Months and Quarters |
---|---|
Best Day | Sunday |
Best Week | 3 |
Best Month | November |
Best Quarter | First |
ROSE is a blockchain that deals with smart contracts. Let’s compare it to other similar projects.
Let’s now examine the Oasis Network (ROSE) price history . While past performance should never be taken as an indicator of future results, understanding what the coin has achieved can provide useful context when making or interpreting an Oasis Network price prediction.
Time Period | ROSE Price |
---|---|
Last Week (Nov. 21, 2024) | $0.08384 |
Last Month (Oct. 28, 2024) | $0.06703 |
Three Months Ago (Aug. 28, 2024) | $0.05883 |
One Year Ago (Nov. 28, 2023) | $0.08695 |
Launch Price (Nov. 19, 2020) | $0.06802 |
All-Time High (Jan. 15, 2022) | $0.5964 |
All-Time Low (Nov. 26, 2020) | $0.03205 |
The market capitalization, or market cap, is the sum of the total number of ROSE in circulation multiplied by their price.
On Nov. 28, 2024, Oasis Network’s market cap was about $407 million, making it the 155th largest crypto by that metric.
As of Nov. 28, 2024, one wallet held more than 20% of the supply of ROSE.
On Nov. 28, 2024, the five richest ROSE wallet addresses were
Supply and Distribution | Figures |
---|---|
Total Supply | 10,000,000,000 |
Circulating Supply as of Nov. 28, 2024 | 7,064,132,681 (70.63% of the total supply) |
Holder Distribution | Top 10 holders owned 48.08% of the circulating supply as of Nov. 28 2024 |
According to the whitepaper , The Oasis Blockchain Platform is a “Layer-1 Proof-of-Stake smart contract platform that provides scalability, extensibility and privacy”.
The Oasis Network is designed to help people develop their own decentralized applications (DApps). Not only that, but it also allows people to deploy their DApps across different blockchains.
Oasis Labs created the Oasis Network. American academic Dawn Song founded Oasis Labs in 2018, and the blockchain was released in 2020.
The ROSE coin supports the Oasis Network.
The Oasis Network uses a Proof-of-Stake (PoS) consensus mechanism. This means people are chosen to add blocks to the blockchain and verify transactions based on how much ROSE they hold.
ROSE pays for transactions on the network. People can also buy, sell, and trade it on exchanges.
It is hard to say. It has performed steadily recently, but it has been down since the start of the year. One would have to hope that it can make more connections with notable tech companies, like its partnership with Meta.
As always with crypto, you should do your own research before deciding whether or not to invest in ROSE.
No one can really tell right now. While the Oasis Network crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Oasis Network, you will have to do your own research on ROSE and other related coins and tokens, such as Ethereum (ETH) or Cardano (ADA). Either way, you must also ensure you never invest more money than you can afford to lose.
Our price predictions suggest that ROSE could, potentially, reach $1 in 2030. ROSE pays for transactions on the Oasis Network blockchain. Holders can add blocks to Oasis Network and earn rewards for doing so. People can also buy, sell, and trade ROSE on exchanges. Will Oasis Network Reach $1?
What is Oasis Network Used for?