Oasis Network is making the headlines for several reasons. Binance is also interested in the platform and looking to put in funds.
As a result, a lot of buzz has developed around the Oasis project. So, can we expect the Oasis Network price to surge in 2022?
Here is a detailed analysis.
What is Oasis Network?
Oasis Network is a new blockchain that focuses on privacy. It allows developers to build decentralized finance apps and aim for mass adoption. The apps are decentralized or autonomous and need no intermediary like banks.
Oasis offers a scalable way to expand open finance with fast and reliable technology. It can also support countless transactions simultaneously to meet increased demand.
What is the ROSE Token?
ROSE is the utility token of the Oasis Network. It has several functions, like paying for transaction fees.
Additionally, ROSE coins allow users to stake their funds to earn rewards. Users can deposit their ROSE tokens and earn a small percentage back for validating crypto transactions.
ROSE is now selling in crypto exchanges with a total market cap of 10 billion tokens.
ROSE Price Analysis for 2022
ROSE is currently selling at $0.32 with a gain of 1.5% in the last 24 hours, as per CoinGecko. The token mostly had a good year in 2021, rising several times in price.
It also had a few falls and was trading at $0.07 in May. The price went up to $0.24 in September and reached $0.41 on December 31.
ROSE had a good start to 2022, achieving an all-time high of $0.59 on January 15, 2022. In comparison, the all-time low of $0.03 was recorded on November 26, 2020. ROSE has also been growing in value over the last week and its price has increased by 6.6%.
If the token continues to follow this trend, ROSE may sell at a minimum of $0.37 in May 2022, as per PricePrediction. By September, the price of the token could climb to $0.42, ending the year at $0.46 and potentially reaching a maximum price of $0.55 by December 31.
Gov.Capital has a more positive outlook on ROSE. It predicts the price to become $0.54 by May 2022 and in September, ROSE it predicts rose to sell for $0.67. The prediction also adds that by the end of the year, ROSE could trend at $1.11. If things go well, the price could even peak at $1.28! Although, Gov.Capital also adds that the minimum ROSE could fall down to in price is $0.95.
Wallet Investor also considers ROSE to be an “awesome” choice for long-term investment, believing that the price could surge to $0.44 by May 2022. In September 2022, they predict the price to be $0.60, and by the end of 2022, ROSE could climb to a price of $0.76. Wallet Investor adds that the highest it can reach is $0.85, while the lowest predicted price is $0.66.
ROSE is likely to have a good performance in 2022. Several factors are acting in favor of enhancing the value of the token. The main reason is Binance’s interest in Oasis Network; it may pump $40 million in funds to Oasis, making the total fund stand at $200 million. Additionally, multiple projects are planned for the platform. So the price of ROSE could be on the positive side for the year.
Oasis Network is definitely a key crypto to keep your eyes on. It is predicted to surge in value in 2022 and attract more investors. However, the crypto market is volatile and prices can change drastically. Therefore, research the recent prices and trends to make an informed choice. Moreover, evaluate the risks of investing in crypto before putting up your money.