ROSE, the coin behind one of the first platforms, Oasis Network, has been rallying. Riding on the back of giants, ROSE is up 37% at press time, breaking above September highs before temporarily pulling back to spot levels.
Although
Price Trading volume in 24h Last 7d price movement prices are down, traders are considering the pullback an opportunity to double down, loading up in expectation of a clean break above the local resistance at around $0.08 in a buy trend continuation formation.
ROSE Rallying: Oasis Network is Up 37% In Less Than 2 Weeks
The leg up, especially from early November, is primarily due to the rising tide thanks to the explosion of Bitcoin, Ethereum, and other top altcoins. However, project-specific factors have helped inject momentum, with ROSE holders being rewarded for their resilience over the months.
Although regulators have been cracking the whip on privacy-centric platforms and individual protocols, Oasis has grown its influence. It has privacy-enhancing features, is core to blockchain, and has integrated decentralized AI.
(ROSEUSDT)
Technically, ROSE could post even more gains in the coming days. From the daily chart, a close above $0.09 could ignite demand, lifting valuation higher. Though technical patterns may play a role, traders are also looking at the quality of partners over the past few months.
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Strategic Partnerships Form the Backbone of Recent Growth
In 2024, Oasis formed key alliances with crypto leaders, helping build and concurrently expand its privacy features and AI capabilities. For instance, Oasis has a deal with ChainGPT, a player in the crypto AI space. This partnership empowers developers to create secure dApps that tap into AI.
Excited to announce a strategic partnership with @Chain_GPT!
This collaboration will focus on supporting and advising blockchain projects building at the intersection of Web3 and AI.
Stay tuned for more updates! pic.twitter.com/7KSVpGg6x8
— Oasis ➡️ Devcon 🇹🇭 (@OasisProtocol) September 26, 2024
Additionally, a deal with the Ocean Protocol (now part of ASI) will see Ocean Node operators benefit from a new strategic privacy layer from Oasis.
As part of the partnership, Oasis increased the reward for setting up Ocean node operators to 250,000 ROSE, motivating the community to decentralize the platform.
Beyond partnerships, launching protocols on Oasis has proven successful, pointing to community interest.
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Strategic Launches In DeFi, Meme Coins in Cross-hairs
Over one million ROSE was staked within a day after AccumulatedFi launched its liquid staking solution. Other DeFi solutions, such as a token-minting launchpad and a DEX, are set to launch in the coming sessions. Currently, over 7 million ROSE have been staked.
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Moreover, the team has promoted the project, held the Privacy4Web3 Hackton, and attended several summits this year.
From the development front, developers will soon activate the Oasis Sapphire, which will allow ROSE transfers from supported centralized exchanges.
It’s the last day of the month which means $$$$ $ROSY the only memecoin in existence with random rewards for staking.
COME SPIN THAT M’FKIN WHEEL Y’ALLhttps://t.co/imUr6bKu2j
And check on Rosy, would ya? Make sure she drinks some water and doesn’t sleep all day. pic.twitter.com/Z2kfV9YxAo
— Rosy (@rosytoken) October 31, 2024
Developers have also capitalized on the meme coin boom, launching ROSY, the first meme coin on the Oasis blockchain. Given the success of other meme coins, the token may present a high-risk, high-reward opportunity for meme coin traders.
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