Oasis Network Price Up By 13% – Time To Buy ROSE Coin?
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- Oasis Network trades in the green despite the bears engulfing the crypto market, prompting investors to buy ROSE
- The year 2022 begins on a stellar note for Oasis Network after recording impressive gains in 2021
- Oasis Network launches inaugural 2022 Oasis content games
Oasis Network, a protocol built to facilitate higher levels of scalability at incredibly low fees, has attracted the attention of investors to buy ROSE as the digital asset continues to swim against the tide and gather momentum for an even more bullish uptrend.
The year 2022 has not been a good year for cryptocurrencies thus far, with many digital assets trading below the price they closed the previous year. Despite all of these, a few digital assets have continued to defy the odds, with ROSE being one of them.
Oasis Network Bullish In A Larger Bear Market
The broader crypto market has taken a major hit, falling from the height of over $3 trillion it attained the previous year to be valued at just $1.9 trillion. This downtrend has affected even large-cap assets.
However, Oasis Network, despite losing 8.89% in the last 7 days, has rebounded, gaining 13% in the last 24 hours. The market cap of the utility token stands at $1.3 billion, up 13% in the last 24 hours. The 24 hours trade volume of $389.1 million, up 114.26% in the last day, further shows that investors are keen to buy ROSE.
2022 Begins On A Stellar Note For Oasis Network After An Impressive 2021
2021 was an outstanding year for the Oasis network as the proof-of-stake (PoS) blockchain platform recorded huge wins. Early in 2022, on January 1st, the privacy-enabled protocol rallied to a new all-time high (ATH) of $0.45.
This impressive feat comes on the back of the $160 million Oasis ecosystem fund introduced last year. The fund, supported by top industry players, offers support for founders and many projects intended to scale the Oasis Network.
The project covered many areas such as decentralised finance (DeFi), non-fungible tokens (NFTs), decentralised autonomous organisations (DAOs), Metaverse, data tokenisation, privacy apps, gaming, and some other Web3 applications.
Oasis network also announced a partnership with NFTb in 2021. The partnership aims to provide a platform for metaverse projects built on the Oasis network to access top-quality NFTs.
Other impressive records set by Oasis Network in 2021 includes having an active community in over 24 countries, attaining 160,000 community members, over 20 DeFi protocol partnerships and many more.
Oasis Network Launches Inaugural 2022 Oasis Content Games
The Oasis foundation has announced that it will be hosting its inaugural 2022 Oasis content games. This game is open to all community members, and they can participate in the contest to win amazing prizes.
During the games, participants are encouraged to display their creative and artistic talents to stand a chance of winning up to 1,000 $ROSE in prizes.
Participants have to share their unique content on any social media platform and tag the Oasis network.
Technical Analysis Of Oasis Network – ROSE Swim Against The Tide
ROSE is trading above the 20-day exponential moving average (EMA) price of $0.36, indicating that the digital asset is on a bullish run.
Investors looking to take advantage can set a buy ROSE order at the 0.5 Fibonacci level ($0.287) and ride the market until the 0.23 Fibonacci level ($0.35), where the digital asset is likely to suffer a retrace. With this, the investor will enjoy a 22.05% price gain.
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