Oasis is a blockchain network that protects data privacy and supports Wen3 applications. It uses proof of stake consensus mechanism with fraud proofs and a separate execution layer.
The execution layer uses TEEs to run smart contracts in a confidential way. Oasis has a native token which is known as “ROSE”. It is used for fees, staking and delegation. Staking ROSE rewards users for securing the network.
It has a large ecosystem fund and partners with leading companies to promote data rights and governance.
Oasis Network Price Technical Analysis
The Oasis Network price noted significant gains in the past two weeks. The price rose over 65% in the past two weeks and seems to be committed to closing higher by the end of the current week.
Moreover, the weekly chart witnessed a sharp reversal from the lower levels which initiated from the last week of October. The price halted near the recent swing high and supply zone for 3 to 4 weeks showing buyers commitment to take price higher.
Thereafter, the sellers turned defensive and the price experienced a short covering which helped it to gain over 60% in just two weeks.
Moreover, the price is expected to go higher with the same momentum. Any dip in the price may add more buyers at the lower levels and the price may experience an upthrust again.
Oasis Network Volume Analysis
The 24-hour trading volume was $134.8 Million with a 5.26% drop as compared to yesterday. This live market cap is $988.744 Million and it ranks 76th among the top cryptos. The volume-to-market cap ratio is 13.21%, highlighting mild volatility.
According to our analysts, the most optimistic view of analysts estimates an upside potential of 12.97%. The price of the Oasis Network coin could reach up to $0.164 by the end of 2023. The pessimistic view of analysts is that it could fall to $0.106.
Oasis Network Price Prediction 2024
As per the analysts, the most optimistic target for ROSE cryptocurrency is $0.3117, indicating an upside potential of 112.1% from the current market price (CMP). The average analyst price target is $0.254 by the end of 2024. However, the pessimistic view of analysts points at $0.201.
Oasis Network Price Prediction 2025
The most optimistic analyst forecast for the Oasis Network token expects the price to reach a high of $0.471 with a potential gain of 220.32% from the CMP. The minimum forecasted price by the end of 2025 is $0.332.
Oasis Network Price Prediction 2026
The ROSE crypto price may reach a high of $0.597 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.435 by 2026.
Oasis Network Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $0.859. The minimum price that Oasis Network may reach by 2027 is $0.595.
Oasis Network Price Prediction 2028
On an optimistic note, the ROSE token price may advance to a high of $1.228 in the next five years. The minimum price target that this token may achieve is $0.931.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
Source: https://www.thecoinrepublic.com/2023/12/26/oasis-network-price-what-to-expect-in-the-next-five-years/