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Oasis Network Price Prediction 2024: Is ROSE Going to Bloom?

Last Updated February 26, 2024 12:51 PM
Peter Henn
Last Updated February 26, 2024 12:51 PM

Key Takeaways

  • Oasis Network’s ROSE has performed well in recent days after suffering losses.
  • The blockchain helps people create cross-chain DApps.
  • Can ROSE build on recent successes?
  • One Oasis Network price prediction says ROSE can reach $0.14 next year. 

The Oasis Network’s ROSE coin has enjoyed something of a recovery over the past few days. Although it had been hit by a challenging market, the news  that it was helping set up a price prediction decentralized application, coupled  with an appearance at Berlin Blockchain Week helped bring it to more people’s attention. 

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. 

Oasis Network did not immediately respond to a request for comment.

But what is Oasis Network (ROSE)? How does Oasis Network work? Let’s see what we can find out, and also take a look at some of the Oasis Network Price Predictions that were being made as of February 26, 2024.

Oasis Network Coin Price Prediction

Let’s examine some of the Oasis Network price predictions being made on February 26. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2023 2025 2030
Prediction #1 $0.0296 $0.0784 $0
Prediction #2 $0.0827 $0.14 $0.41
Prediction #3 $0.57 $0.12 $0.80

First, CoinCodex  made a short-term Oasis Network price prediction that said the coin would fall to $0.0373 by March 2. The forecast said that ROSE would then recover to $0.0444 by March 27. The site’s technical analysis was, perhaps fittingly, neutral, with 14 indicators sending bullish signals and 13 making bearish ones. 

Oasis Network Price Prediction for 2024

CaptainAltCoin  said Oasis Network would fall to $0.0296 in December. DigitalCoinPrice , on the other hand, suggested it would climb to $0.0827 this year. PricePrediction.net  said ROSE could reach $0.057 in 2024.

Oasis Network Price Prediction for 2025

Moving forward, DigitalCoinPrice said that ROSE would trade at $0.14 in two years time. PricePrediction.net said it would be worth $0.12 then, while CaptainAltCoin had it stand at $0.0784 in 2025.

Oasis Network Price Prediction for 2030

Looking at a more long-term Oasis Network price prediction, PricePrediction.net said the coin would reach $0.80 in 2030. DigitalCoinPrice said it would trade at $0.41. CaptainAltCoin, though, saw only disaster in its ROSE price prediction. The site said that, by 2030, Oasis Network would be worth $0, becoming a de facto dead coin. 

ROSE Price History

Now, let’s examine some of the highlights and lowlights of the Oasis Network price history . While we should never take past performance as an indicator of future results, knowing what the coin has achieved can provide us with some very useful context if we want to make or interpret an Oasis Network price prediction.

ROSE was first publicly traded in late 2020. At that time, it was worth about $0.05. Early 2021 saw both the crypto market and the Oasis Network shoot up. ROSE reached periodic highs of more than $0.20 in March and April, before declining over the summer. The Autumn saw a resurgence and it passed $0.25 in September and $0.40 in November. Concerns about the Omicron variant of Covid-19 saw the price fall and it closed the year at $0.4298.

2022 started well for ROSE. The news that Binance Labs, the investing arm of the Binance crypto exchange (BNB) had contributed to the Oasis Ecosystem Fund, shot the price up. It reached an all-time high of $0.5964 on January 15. 

After this, though, things fell apart. The collapse of the Terra (LUNA) blockchain in May saw Oasis Network fall below $0.10. Any hopes of recovery were dashed when the FTX (FTT) exchange declared bankruptcy in November, and ROSE closed the year at $0.03418. This meant it had lost more than 90% of its value across the course of the year. 

Oasis Network in 2023 and 2024

ROSE price history
Oasis Network has been up and down in 2023 so far | Credit: CoinMarketCap

So far, 2023 has been a topsy-turvy year for ROSE. It started well, peaking at above $0.08 in February, before the collapse of the Silvergate bank in March saw it briefly drop below $0.05. The crypto recovered, breaking past $0.07 in April, before going on another downturn. 

June’s news that the United States Securities and Exchange Commission (SEC) was suing the Binance and Coinbase exchanges tanked the market. Oasis Network fell to $0.04207 on June 10, following the news that Crypto.com (CRO) was suspending its American institutional operations. 

There was something of a recovery over the following weeks. On July 14, a court ruled that Ripple’s XRP was not a security if it was being traded on exchanges and ROSE shot to $0.0546.

Another downturn was triggered when Elon Musk’s SpaceX sold millions of dollars worth of Bitcoin (BTC). On September 11 2023, it fell to $0.03688. By September 15, though, it had shown some signs of fightback and was trading at about $0.04. On February 26, 2024, it’s worth $0.1191.

At that time, there were 6.71 billion ROSE in circulation, out of a total supply of 10 billion. This gave the coin a market cap of around $805.8 million, making it the 97th largest crypto by that metric. 

Is Oasis Network a Good Investment?

It is hard to say. While it has done well in recent days, that climb came after something of a crash. The coin is up since the start of the year, but a long way from the heights it enjoyed in early 2022. One would have to hope that it can make more connections with notable tech companies, like its partnership with Meta. 

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in ROSE.

Will Oasis Network go up or down?

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, too, that prices can, and do, go down as well as up. 

Should I invest in Oasis Network?

Before you decide whether or not to invest in Oasis Network, you will have to do your own research, not only on ROSE, but on other, related, coins and tokens such as Ethereum (ETH) or Cardano (ADA). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Oasis Network (ROSE) Explained

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. 

The Oasis Network was created by Oasis Labs. American academic Dawn Song founded Oasis Labs in 2018, and the blockchain came out in 2020. 

The ROSE coin supports the Oasis Network.

How Oasis Network Works

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. 

FAQs 

How many Oasis Network are there?

As of February 26, 2024, there were 6.71 billion ROSE in circulation, out of a total supply of 10 billion.

Will Oasis Network Reach $1?

It might do, but it is unlikely to do so for some time. PricePrediction.net’s Oasis Network price forecast said that it would break the dollar in 2031. 

ROSE has never traded above the dollar, with its highest ever price of $0.5964 coming in January 2022.  

What is Oasis Network Used for?

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. 

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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