The Oasis ROSE coin has recently become a popular crypto asset among traders. Designed to serve within the privacy-enabled blockchain platform Oasis Network, ROSE has gained significant value in the last year and hit its all-time high in January this year.
The cryptocurrency seems to be an excellent long-term investment as Oasis Network prepares fascinating plans for the future. It introduces some unique features to tackle the current issues of blockchain technology and aims to become a next-generation blockchain.
So, what is Oasis Network, how does it work, and why is ROSE crypto created? Should you invest in Oasis ROSE, and does it have any chances to become a cryptocurrency of the future? Read on to find out the answers to the following questions. And if you plan to invest in Oasis ROSE, we have also introduced a step-by-step guide explaining how to buy ROSE in the US.
What's In This Guide?
- QUICK GUIDE: HOW TO BUY OASIS NETWORK IN THE USA
- What Is Oasis Network?
- How Oasis Network Works And What Affects Its Price?
- Is Oasis Network A Buy Right Now?
- How To Buy Oasis Network (ROSE) Online In The US - A Step by Step Guide
- How To Trade Oasis Network (ROSE) In The US
- Oasis Network (ROSE) Advantages And Disadvantages
- What Are Oasis Network (ROSE) Price Predictions?
- How Do I Mine Oasis Network (ROSE) In The US?
- What Is The Total Supply Of Oasis Network (ROSE)?
QUICK GUIDE: HOW TO BUY OASIS NETWORK IN THE USA
- Open an account with a US cryptocurrency exchange
- Verify your account
- Go to the deposit section
- Go to the platform and select ROSE
- Enter how many ROSE tokens you want to buy
- Check the details and confirm your purchase
What Is Oasis Network?
Oasis Network was created in 2018 and it launched its ROSE cryptocurrency in 2020, it's quite a new asset in the market.
Oasis Network offers a privacy-enabled programmable blockchain, where the main emphasis is on the introduction of Paratimes and privacy protocols. With its unique functions, Oasis Network tries to solve the most striking Defi problems. One of these problems is the lack of privacy. For that purpose, Oasis offers confidential smart contracts to increase the privacy of your information. Plus, the Oasis blockchain enables you to have more control over your data through the mechanism of Tokenized Data. You can later sell or monetize your data and earn interest.
Another issue that Oasis Network tackles is the scalability of transactions. By separating consensus and execution layers, the Oasis blockchain allows transactions to proceed in parallel. This means that complex transactions in one Paratime won’t hinder the processing of simpler transactions in the other parallel.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How Oasis Network Works And What Affects Its Price?
Oasis Network stands out with its secure and safe architecture and scalability solutions. The first one becomes possible through confidential smart contracts and Tokenized Data. Scalability issues are tackled by separating consensus and execution layers and introducing Paratimes. The native cryptocurrency of the network is the ROSE token, which is used to pay for transactions. Plus, you can stake or farm your tokens to earn interest.
Of course, ROSE cryptocurrency value is primarily affected by its supply and public demand. But ROSE is not just a usual cryptocurrency. It is used within a unique project, and the successful integration of Oasis Network plays a huge role in the value of this cryptocurrency. So, if Oasis Network attracts more developers, users, and partners, the demand for its native token will grow accordingly.
Is Oasis Network A Buy Right Now?
ROSE cryptocurrency value has increased significantly since the beginning of its launch. It started trading in November 2020 and was valued at $0.068 at that time. But the prices decreased by the end of the year, and in December 2020, ROSE ended the year at the price of $0.04.
2021 was a successful year for ROSE cryptocurrency. From March to May, it was already traded slightly below $0.2 and fluctuated between $0.1 and $0.3. Eventually, its value greatly suffered along with the whole crypto market, including Bitcoin, and it again fell to below $0.1. ROSE significantly recovered by the end of the year and hit an all-time high in November 2021 when it was traded around $0.4 per coin.
ROSE gained more value in 2022 and hit its historic all-time high on January 14th ($0.5679), according to the Coinmarketcap charts. However, its price has slipped significantly after that, and at the time of writing, it is trading at $0.327.
Oasis Network price history Source: coinmarketcap.com
Still, if you think of investing in ROSE, you need to consider that cryptocurrencies stand out with high volatility. So, the risks of losing money are high too, which means you need to invest reasonably. On the other hand, unlike many other digital assets, ROSE is not just another cryptocurrency and another speculative asset. It serves a unique and ambitious project, and the Oasis Network is backed by a group of talents who aim to bring new changes into the Defi market. So, you certainly can use this crypto asset as a long-term investment and diversify your portfolio.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Buy Oasis Network (ROSE) Online In The US - A Step by Step Guide
Now, when you know the basic facts about Oasis Network and want to start investing in it, below, you will find a complete guide that explains how to invest in Oasis ROSE in the United States.
Register for an Online Account and Deposit Funds
To start buying Oasis ROSE, firstly, you need to have a verified account. So, visit the exchange through which you decided to invest in Oasis ROSE, and click on the “Register Now” button. Fill in the required information and go through the verification procedure.
The KYC process may differ depending on the brokerage platform. Still, mainly it involves ID verification (which you can do with a passport or driver’s licence) and Address verification (which is possible through a utility bill or a bank document).
To buy Oasis ROSE, you also need to fund your account by clicking on the “Deposit Funds” button. Select one of the payment methods provided by the platform and fill out the necessary details about your bank card or an e-wallet. Finally, add the amount you want to deposit and confirm the transaction. Take note that the deposit fees and speed may vary depending on the brokerage platform.
Buy Oasis Network (ROSE)
With a fully verified and funded account, you can finally invest in Oasis ROSE. To find the cryptocurrency, type “ROSE” in the search toolbar, click on the “Buy” button, and write how many coins you want to buy. After completing the transaction, you will see the ROSE coins transferred to your exchange account.
Transfer Your Funds to a Hardware Wallet
Additionally, you can transfer your funds to a hardware wallet if you want to store them in the most secure way possible. The hardware wallet is recommended only if you have bought coins in large amounts and intend to keep your investment for a long period. Similarly, it’s not recommended if you plan to trade regularly and open or close positions quite often, as this may swallow a lot of your time. Instead, you can select a software wallet, which is also called a hot wallet, as it is easy and quick to operate.
Read Also: 10 Of The Best Cryptocurrencies To Buy
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Trade Oasis Network (ROSE) In The US
If you want to trade Oasis ROSE in the US, there are certain factors to consider which can make planning the process more productive. The first thing is selecting a suitable cryptocurrency exchange. While the platform's security features must be a priority, you should also pay attention to its pricing system. High transaction fees can consume most of your capital, especially if you are going to buy and sell coins frequently. So, select a brokerage platform with competitive trading and non-trading fees. Secondary factors that can play a certain role include functionality, payment options, available coins, customer support, usability, etc.
The next crucial step is to develop a trading strategy. There are short-term and long-term strategies for trading, so you can explore and find out the one that most suits this cryptocurrency. To do this with the best efficiency, you also need to consider fundamental and technical analyses of the cryptocurrency and guess the right signals to buy and sell it.
You can do the whole research yourself, but it may take a lot of time and seem really effort-consuming at the beginning. To make the process easier, you can also follow expert traders, read their ideas and analyses about the market, join telegram groups, ask questions, participate in discussions and enrich your knowledge in this way.
Check Out: How To Start Your Cryptocurrency Trading (9 Best Ways For Beginners)
Oasis Network (ROSE) Advantages And Disadvantages
In this section, we have summarised all the advantageous and disadvantageous features of Oasis ROSE that you need to consider before making a final decision about Oasis investment.
Advantages
✅ Oasis struggles to fix the main drawbacks of Defi, such as the lack of privacy.
✅ The project is backed by a team of professionals who worked for giant tech companies.
✅ Introduces a technology that will boost scalability and reduce fees.
✅ Oasis Network has got huge investments from Andreessen Horowitz, Binance, etc.
✅ Oasis announced several partnerships to facilitate Defi applications.
✅ ROSE is an affordable investment for newbies in trading.
✅ You can stake or farm your ROSE coins and earn interest.
✅ You can use your ROSE coins to pay for transactions within the Oasis Network.
Disadvantages
❌ Oasis is a new project and still needs to be integrated.
❌ High competition in the market.
❌ Cryptocurrencies are still highly volatile.
What Are Oasis Network (ROSE) Price Predictions?
Technical analysis of the Oasis ROSE cryptocurrency by Wallet Investor is bullish, indicating that its value can increase up to $0.9 in one year. According to the platform, ROSE is a good long-term investment with a 202.99% earning potential. Further, Wallet Investor predicts that the prices could reach up to $2.830 in five years.
Digital Coin Price is less optimistic about ROSE value, but the price predictions are still bullish. The predictions made by this platform indicate that ROSE can increase to $0.5 in 2023 and hit $1 only in 2028. Much like Wallet Investor, Digital Coin Price considers ROSE a profitable investment.
Price Prediction also considers Oasis ROSE a good long-term investment. Predictions by this platform indicate that the average price of this cryptocurrency will be $1.01, while its maximum and minimum prices will be $1.07 and $0.99 accordingly. According to the Price Prediction analysis, the average price of ROSE will exceed $6 in 2029.
Oasis ROSE price predictions 2023 - 2020:
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $0.65 | $0.68 | $0.81 |
| 2024 | $0.99 | $1.01 | $1.17 |
| 2025 | $1.39 | $1.43 | $1.69 |
| 2026 | $1.96 | $2.02 | $2.36 |
| 2027 | $2.86 | $2.96 | $3.33 |
| 2028 | $4.22 | $4.34 | $4.93 |
| 2029 | $6.03 | $6.24 | $7.40 |
Don't Miss: Top 5 Cryptos Price Predictions Until 2025
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How Do I Mine Oasis Network (ROSE) In The US?
Oasis Network uses a blockchain that is based on the Proof of Stake mechanism, which means you need to stake your coins to earn rewards. You can use multiple Oasis wallets to stake ROSE coins, but you can also do it by linking your hardware wallet to Oasis Network. You can learn the step-by-step process of staking your Oasis ROSE here. Keep in mind that if you want to unstake your ROSE coins, it will take you 14 days, while you won't earn rewards for that period.
What Is The Total Supply Of Oasis Network (ROSE)?
The maximum supply of ROSE tokens is 10 billion ROSE. More than 3.5 billion ROSE tokens are already in circulation, so it has a market cap of more than $1 billion. Part of the remaining tokens, equal to 2.3 billion ROSE, will be earned by stakers and delegators for securing the network over time.
Things to Consider Before You Invest in Oasis Network (ROSE) in the US
In conclusion, Oasis ROSE is a good investment both in the short-term and long term. The Oasis Network stands out with some unique features through which it tries to solve the most pressing problems of the Defi market. One of the main benefits of the project is the extra privacy that it gives to the developers and users of the Oasis-based applications. Plus, users can use their data and earn interest with it.
One problem is that Oasis Network can face huge competition, so it will take a lot of hard work to be integrated and win the market. Still, Oasis is an affordable coin, and you can start investing in it in small amounts. But always keep in mind that there is a risk of losing money and only what you can afford. If you don't know where to start, use our guide to learn how to buy Oasis ROSE inline in the US.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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