ROSE/USD is the native token of Oasis Network which is used for transaction fees, staking, and delegation at the Consensus Layer.
ROSE has weakened from $0.47 to $0.20 since November 21, and the current price stands at $0.27.
Blockchain for mass market
The Oasis Network is a privacy-enabled blockchain platform that expands DeFi beyond early adopters to a mass market.
The main features of Oasis Network include high scalability, versatility, and the ability to tokenize data. The team of Oasis Network added:
Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features can not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate.
With Tokenized Data, users can earn rewards by staking their data while the scaling architecture of this network supports fast transaction speed and large workloads by separating execution from consensus.
In this way, Oasis Network supports many different parallel compute environments that can be customized for a broad set of use cases.
The popularity of this blockchain project is rising across the globe, and it is important to say that Oasis has a thriving community of close to a thousand node operators, enterprise partners, ambassadors, developers, and almost ten thousand community members engaged in global social channels.
ROSE is the native token of Oasis Network, and it can be used for staking and for smart contract operations that require fees in ParaTimes.
ROSE has a total supply of 10 billion tokens, and anybody can earn it by participating in the community of Oasis. Users can also earn ROSE tokens by running a node and participating in staking or delegating on the network.
The ROSE token has achieved an impressive gain in a very short period, and it has reached a record high above $0.45 on November 21. ROSE is currently down more than 40% from its peak, and the risk of further decline still persists.
ROSE has collapsed from a record level
ROSE has collapsed from its record high above $0.45, registered on November 21, to $0.20, while the current price stands at $0.27.
The strong support level for ROSE stands at $0.20, and if the price falls below it, the next price target could be around $0.15 or even below.
The current resistance level stands at $0.35, and if the price jumps above this level, it could reach levels above $0.40.
Summary
The Oasis Network is a privacy-enabled blockchain platform that expands DeFi beyond early adopters to a mass market. Oasis Network separates consensus and execution into two layers, and because of this, complex workloads won’t slow down faster, simpler transactions on another layer. ROSE is the native token of Oasis Network, and according to technical analysis, it remains in a bear market.
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