ROSE Price Analysis August 2022

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ROSE is a token of the platform Oasis Network. Its current price is around $0.08265 by the time of writing, with a low of $0.04188, and has a market cap of 415 million dollars.

What is Oasis Network?

The Oasis network is a privacy-first, proof-of-stake, decentralized network. It’s an innovative way to give users back control and ownership of their data. The rewards system also gives people the power to participate in creating the applications they want actively. All while supporting new platforms in open finance and open data. 

The purpose of the Oasis Network is to create a private smart contract protocol usable by any application developer. To achieve this, they aim to create a platform that does not access sensitive user data or require you to reveal your identity to use its service.

What is ROSE?

ROSE is the token of the Oasis Network platform, which is around $0.08265 by the time of writing, with a low of $0.04188. It reached a high of $0.5816, and its current ranking is #99 according to CoinMarketCap, with a market cap of 415 million dollars. 

Oasis is a scalable, private blockchain ecosystem that uses ROSE as its native cryptocurrency. One of their features is the ability to create smart private contracts. They also offer ultra-low transaction speeds and anonymity on behalf of the user. In addition to the Ethereum network, Oasis is a decentralized Layer 1 blockchain solution. It supports confidential and ETH-compatible Smart Contracts.

ROSE Coin Market Analysis 

ROSE has a total supply of 10,000,000,000 coins worth around $0.08265 with a market volume of 66 million dollars, whereas the market capitalization is 415 million dollars at writing. 

ROSE Price Prediction

The oasis project is worth investing in for the long-term, hinting that they have some big plans to come. On the 4H timeframe, the price action of $ROSE/USDT has broken the symmetrical triangle resistance trendline, and we can see a good bounce upwards. Currently, it is going to break its major horizontal resistance zone.

For any time, on-demand analysis on $ROSE or any other coin can join our Telegram channel.

Rose Price Chart August 2022
ROSE Price Chart August 2022

Closing Thoughts

Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.

Disclaimer: Our analysis is for educational purposes.

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