Oasis Network (ROSE) crypto heats up and fizzles out. What's next?

April 27, 2022 09:40 PM AEST | By Raza Naqvi

Oasis Network (ROSE) crypto heats up and fizzles out. What's next? — Image source: © Vladsseven | Megapixl.com

Why is the ROSE crypto price declining?

The decline came as the cryptocurrency market stopped recovering and declined rapidly on Wednesday morning, April 27. At the time of writing, almost all the major cryptocurrencies were trading in the red, and the global crypto market cap had declined to US$ 1.8 trillion.

The price of Bitcoin and Ethereum (ETH) was down by 3.2 per cent and 3.4 per cent. However, Bitcoin's dominance was up 0.01 per cent over the previous day.

On April 26, the ROSE crypto price surged to as much as US$ 0.2467 apiece after Coinbase, one of the world's largest crypto exchanges, announced its listing on the platform.

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Coinbase said it would add support for the ROSE crypto, which boosted the price of the cryptocurrency. However, the ROSE crypto price decline has again indicated that the price spike shouldn't be the only reason before buying a virtual currency.

The crypto market is witnessing an increased volatility and it is difficult to predict what's next for the ROSE crypto. Interested investors should closely monitor the crypto and research before investing.

Bottom line

Oasis Network is a layer-1 blockchain network, and it integrates low gas fees and high throughput to provide an advanced foundation for Web3 and power decentralized finance (DeFi) infrastructure.

As the DeFi industry is expected to surpass the traditional finance industry in future, projects like the Oasis Network could capitalize on the expected growth.

The ROSE crypto is the native token of Oasis Network, and it is also available on cryptocurrency exchanges like Binance, Bitfinex, KuCoin, and Coinlist.

The total and maximum supply of the ROSE crypto is 10 billion, and its circulating supply is 3.49 billion.

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