Latest Oasis Network (ROSE) Coin Price Prediction 2024

Bittime - Oasis Network with its native coin, ROSE becomes sone of the digital assets that has attracted attention recently. Even though it has experienced a significant decline since the beginning of the year, the long-term potential of this project is still a topic of hot discussion among crypto enthusiasts. 

So, what is the price prediction for the Oasis Network (ROSE) coin in 2024 and in the future? Check out this article to find out the price analysis of this coin, come on!

What is Oasis Network (ROSE)?

Oasis Network is here as an answer to the need for a blockchain platform that is not only fast and efficient. But this blockchain also upholds the privacy of its users. 

Launched in 2020 by Oasis Labs, this network offers a unique solution in the crypto ecosystem. This network combines scalability, flexibility, and advanced privacy features.

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Formed by a team led by Dawn Song, an American academic widely known in the field of computer security, Oasis Network aims to empower developers to create decentralized applications (DApps) that can operate across blockchains. 

This opens up huge potential for innovation in various sectors, from finance to health.

ROSE, Oasis Network's native token, serves as the fuel of this ecosystem. In addition to being used to pay transaction fees, ROSE also plays an important role in the network's Proof-of-Stake (PoS) consensus mechanism, where token holders can participate in securing and validating transactions.

How Does Oasis Network (ROSE) Work?

The Oasis Network architecture was built with a focus on three main pillars: scalability, privacy, and versatility. The network adopts a Proof-of-Stake consensus model, which is known to be more environmentally friendly than the Proof-of-Work that Bitcoin uses.

In the Oasis PoS system, validators are selected based on the number of ROSE tokens they stake. The more ROSE that is staked, the greater the chance that validators will be selected to process transactions and add new blocks to the blockchain. 

This mechanism not only secures the network but also encourages active community participation in the Oasis ecosystem.

One of the superior features of the Oasis Network is its ability to separate the computing process from consensus. This approach allows better scalability and facilitates the development of applications that require high privacy, such as in the health or personal finance sectors.

Furthermore, Oasis Network offers compatibility with the Ethereum Virtual Machine (EVM), allowing developers to easily move or integrate their applications from the Ethereum blockchain to Oasis. This opens up opportunities for wider adoption and interoperability between blockchain platforms.

Oasis Network (ROSE) Price History

ROSE's price journey since its launch has shown interesting dynamics, reflecting not only the project's potential but also the inherent volatility of the crypto market as a whole.

• 2020: ROSE debuted on the public market at a price of around $0.05 (Rp. 775) per coin.
• 2021: This year was a turning point for ROSE. The price soared to break through $0.20 (Rp. 3,100) in March and April, before experiencing a correction in the summer. Bullish momentum returned at the end of the year, pushing ROSE to a new peak above $0.40 (Rp. 6,200) in November, although it later corrected and closed the year at $0.4298 (Rp. 6,662).
• 2022: The start of the year was marked on a positive note with the announcement of Binance Labs' investment into the Oasis Ecosystem Fund. ROSE reached an all-time high of $0.5964 (Rp 9,244) on January 15. However, market turbulence due to Terra's collapse and FTX's bankruptcy brought ROSE down drastically, closing the year at $0.03418 (Rp. 530), a decline of more than 90% over the year.
• 2023-2024: Volatility still colors ROSE movements. The price touched $0.08 (Rp. 1,240) in February 2023, but was corrected again. As of August 27, 2024, ROSE was trading at $0.06 (Rp. 930), showing signs of stabilization although still far from its historical peak.

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Oasis Network (ROSE) Price Analysis

MLooking at the daily chart of ROSE, we can see a consistent downward pattern since June 2024. The price moved below the descending resistance line, reaching a low of $0.049 (Rp. 759.5) on August 5. Even though there was a rebound attempt, ROSE failed to penetrate the resistance line and was corrected again.

Reporting from CCN, pThe price movement pattern after reaching the low point on August 5 shows an A-B-C correction structure. If this analysis is accurate, we can predict ROSE will fall again to a slightly lower level before finally breaking through the resistance line and starting a new uptrend.

Technical indicators such as Average True Range (ATR) show ROSE volatility is at a moderate level. On August 27, 2024, ROSE's weekly ATR was recorded at 0.02, with a normalized ATR (divided by price) of 0.33. 

Meanwhile, the weekly Relative Strength Index (RSI) is at level 41, indicating a bearish trend that has continued since May.

Oasis Network (ROSE) Price Prediction

Based on technical and fundamental analysis, the following are ROSE price projections for the next few years:

Oasis Network (ROSE) Price Prediction 2024

For the end of 2024, the ROSE price projection is in the range of $0.055 (Rp. 852.5) ​​to $0.081 (Rp. 1,255.5), with an average price of $0.068 (Rp. 1,054). This prediction takes into account the potential recovery of the crypto market in general and the development progress of the Oasis Network ecosystem.

Oasis Network (ROSE) Price Prediction 2025

Entering 2025, optimism for ROSE begins to increase. Price predictions range from $0.092 (Rp. 1,426) to $0.136 (Rp. 2,108), with a median value of $0.114 (Rp. 1,767). Key drivers include the potential for wider adoption and the possibility of new strategic partnerships.

Oasis Network (ROSE) Price Prediction 2030

Long-term projections for ROSE in 2030 show significant growth potential. Assuming a daily growth rate of 0.16% based on historical data, the ROSE price is expected to be in the range of $0.232 (Rp. 3,596) to $0.342 (Rp. 5,301), with an average of $0.285 (Rp. 4,417.5).

Conclusion

Oasis Network, with its ROSE coin, offers a unique value proposition in an increasingly competitive blockchain landscape. 

Its focus on privacy, scalability, and interoperability positions Oasis as a potential platform for future adoption, especially in applications that require high data security.

Although the Oasis Network (ROSE) price prediction shows upside potential in the long term, it is important to remember that the crypto market is very volatile and unpredictable. 

Factors such as regulations, technology adoption, and global macroeconomic conditions will play a crucial role in determining the future trajectory of ROSE prices.

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