AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Oasis Network (ROSE) is primarily a privacy-enabled and scalable Layer-1 blockchain network deemed to provide the foundation for Web3.
- The Oasis Network believes that to propel Web3 forward, it's critical to take it from the level of infancy to maturity.
- The Oasis Network on Tuesday was trading at US$0.239704 with a trading volume of US$205,729,437, according to CoinMarketCap.
Oasis Network (ROSE) is primarily a privacy-enabled and scalable Layer-1 blockchain network deemed to provide the foundation for Web3. The Oasis Network believes that to propel Web3 forward, it's critical to take it from the level of infancy to maturity.
Using two of the architectural components -- the Consensus Layer and the ParaTime Layer – the multi-blockchain network enables the users to share their data and passive income while keeping their information confidential. A decentralised set of validators runs its proof-of-stake consensus, and through its ParaTime Layer, it can host multiple parallel runtimes simultaneously.
The ROSE crypto on Tuesday was witnessing a significant rally of over 17% and a volume gain of over 300%.
Why is ROSE crypto rallying?
Although the exact reason for ROSE's rally is not known, it could be due to the news of its Oasis X token drop announcement, which would offer the users a chance to win 40000 ROSE tokens.
The protocol, which had announced the commencement of the airdrop on 13 April, concludes on 26 April at 12:00 PM UTC. Besides, the project recently announced Oasis Bloom Hackathon, which would offer the developers the opportunity to develop DeFi & GameFi projects on its platform.
One of the uniqueness of the Oasis network's is its ability of discrepancy detection, which makes the network more efficient than sharding and parachains.
ROSE crypto's price performance
The Oasis Network on Tuesday was trading at US$0.239704 with a trading volume of US$205,729,437, according to CoinMarketCap. The ROSE crypto was up by 17.71% in the last 24 hours. The Oasis Network token enjoys a live market cap of US $837,287,902 and 3,493,014,306 ROSE coins in circulation.
ROSE over the past 14 days has registered gains of 5.8%. Last week, it gained 3.5% as per CoinGecko.
While the rally has been good for the market participants, they will also be wary of the volatility factor of the crypto market. It's critical to understand that the prices of cryptocurrencies can change at any given point in time. Therefore, one must be on the lookout and do proper research before entering the domain.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
