• ApeCoin will unlock tokens worth over $31.4 million this week.

• Oasis Network will also unlock tokens worth over $8 million.

• Injective will also release more tokens this week.

Some of the most popular cryptocurrencies are having their token unlock events this week. The Sandbox unlocked millions of tokens, leading to a major dilution among holders. This dilution, helped push the SAND token to the lowest level since June.

According to TokenUnlocks, ApeCoin, Oasis Network, and Injective will flood the market with additional tokens this week. ApeCoin, the native token by Bored Ape Yacht Club (BAYC), will release additional 15.6 million tokens on Wednesday. 

These tokens represent about 4.3% of the total circulating supply and will be worth $31.5 million. Most of them will go to Treasury followed by Yuga Labs, Yuga Labs founder, and launch contributors. The last ApeCoin token unlock will happen in June 26th.

ApeCoin’s token unlock will come at difficult for the ecosystem as demand for BAYC prices retreat. Its price has plunged by over 68% from the highest level this year.

Oasis Network, a smart chain platform, will unlock additional ROSE tokens worth over $8 million. Its last token sale happened in May 18th when the developers unlocked 199.50 million tokens. These tokens will go to partners and reserve, core contributors, and the community. The last token unlock will happen in February 2031.

The last major token unlock will be Injective, the DeFi-focused blockchain backed by Mark Cuban. Injective will release tokens worth over $20 million on Sunday, with most of them going to the ecosystem developers. Injective’s final vesting will happen in April 2024.

In most cases, token unlocks tend to be bearish for cryptocurrencies since they lead to more dilution. They are often seen as the reversal of share buybacks in the corporate sector.

How to buy ApeCoin

• Oasis Network will have a token unlock event on 18th May of this year.

• The network will unlock tokens worth $10.7 million, equivalent to 2% of all tokens.

Oasis Network’s ROSE token moved sideways this week ahead of a major event in its ecosystem. ROSE was trading at $0.053, where it has been in the past few days. This price is about 11% above the lowest level this month.

Oasis Network token unlock

Oasis Network is a blockchain project that focuses on privacy in decentralized applications (dApps). It is an Ethereum rival that has lower transaction costs and faster speeds. As part of its ecosystem growth, Oasis has launched a $235 million ecosystem fund that makes it possible for people to build decentralized apps. 

According to DeFi Llama, Oasis Network has a total value locked (TVL) of more than $6.8 million, which is lower than its all-time high of more than $250 million. In ROSE terms, the network has a TVL of over R123 million. The top dApps in Oasis Network are Fountain Protocol, YuzuSwap, and Lizard among others.

The challenge for Oasis is that it is facing substantial competition in the industry. Some of the top competitors are blockchains like Arbitrum, Ethereum, and Solana.

The most important Oasis Network news this week is the upcoming token unlocks. A token unlock happens when a blockchain releases some of its locked tokens to the market. It happens in a certain period that is pre-determined before the airdrop.

Oasis Network will unlock 199.5 million of ROSE tokens valued at over $10.7 million. That amount is equivalent to about 2% of the total tokens. 

Today, there are 5.07 billion tokens in circulation. The number of unlocked tokens stands at over 2.58 billion tokens. If the program works, the total tokens will be unlocked in 2031. In most periods, tokens tend to drop before a major token unlock. 

ROSE price prediction

The 4H chart shows that the Oasis Network token has been in a strong bearish trend in the past few weeks. It has already moved below the important support level at $0.057, the lowest level on April 26. This week, the pair has risen slightly and formed a symmetrical triangle pattern that is shown in blue. 

The Relative Strength Index (RSI) has moved from the oversold level of 20.15 to above the neutral point. Therefore, there is a likelihood that the token will have a bearish breakout as sellers target this month’s low of $0.048.

How to buy Oasis Network

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KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.

Users can benefit from a beginner-friendly interface and relatively low fees.

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Cryptocurrency prices had a mixed week amid elevated risks. Bitcoin price plunged to a low of $21,820, the lowest level since January 20. AI coins like SingularityDAO, Fetch.ai, and Ocean Protocol soared and then plunged. This decline was also in line with that of American stocks, including the Dow Jones and Nasdaq 100 indices. Here are the top crypto price predictions for some of the top coins like Hedera Hashgraph, Vibrate (VIB), and Oasis Network (ROSE).

Hedera Hashgraph price prediction | HBAR

Hedera Hashgraph price has been in a strong bullish trend in the past few days. HBAR price has formed an ascending channel shown in blue. The coin is slightly below the upper side of this rising channel. It is approaching the lower side of the Andrews Pitchfork tool. Also, the coin has moved above the 23.6% Fibonacci Retracement level.

HBAR price has moved above the 25-period and 50-period exponential moving averages. At the same time, the Relative Strength Index (RSI) and the MACD have continued rising. Therefore, Hedera has room for more upside as buyers target the upper side of the channel at $0.0803, which is a few points above the current level.

How to buy Hedera Hashgraph

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Oasis Network price prediction | ROSE

Oasis Network is a leading smart contract platform that makes it possible for developers to create dApps. Some of the top dApps built in the network are Geniish, Covalent, and MetaMirror among others. ROSE price had a strong comeback this week, pushing it to a multi-month high of $0.076. On the 4H chart, Oasis Network price has moved below the 23.6% and 38.6% Fibonacci Retracement level.

ROSE has moved below the 25-period and 50-period moving averages. It has moved below the key support level at $0.060, the highest point on January 28. Therefore, the outlook for the coin is bearish, with the next key level to watch being at $0.055, which is ~10% below the current level.

How to buy Oasis Network

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KuCoin

Kucoin is a cryptocurrency exchange which offers over 200 cryptocurrencies.

Kucoin has a wide range of services, such as; a built-in peer-to-peer exchange, spot and margin trading, bank level security and a wide range of accepted payment methods.

Users can benefit from a beginner-friendly interface and relatively low fees.

Buy ROSE with KuCoin today

Viberate price forecast | VIB

Viberate, the music-focused blockchain project, has done well in the past few days. VIB crypto price soared to a high of $0.148, which is about 130% above the lowest point in December. The coin rose above the key resistance point at $0.1127, the highest point on January 23rd. It has jumped above all moving averages.

The Relative Strength Index (RSI) has moved above the overbought level. Therefore, the coin will likely resume the downward trend and retest the key support level at $0.10. A move above the key resistance point at $0.13 will invalidate the bearish view.

The cryptocurrency market is set to end the week in a positive fashion despite its poor start.

The cryptocurrency market is trading in the green zone for the third-consecutive day this week. The market has added more than 4% to its value in the last 24 hours, with the total market cap now above the $1.1 trillion mark.

Bitcoin remains the market’s leader and is trading above $24k after adding more than 3% to its value over the past 24 hours. Ether is eyeing the $1,800 level after rallying by more than 5% today.

ROSE, the native token of the Oasis Protocol, is one of the best performers amongst the top 120 cryptocurrencies by market cap. ROSE has added more than 35% to its value in the last 24 hours, outperforming the other major cryptocurrencies in the process.

The rally comes after Oasis Labs announced that it has partnered with Meta, Facebook’s parent company. 

According to Oasis Labs, the partnership results in the launch of a platform to assess fairness in Meta’s products, while protecting people’s privacy.

Key levels to watch

The ROSE/USD 4-hour chart is extremely bullish as Oasis Protocol has been performing well over the past 24 hours. The technical indicators show that ROSE is outperforming the broader crypto market.

The MACD line crossed into the positive zone as ROSE has been performing well over the past few days. The 14-day RSI of 85 shows that ROSE is currently in the overbought region. 

At press time, ROSE is trading at $0.070 per coin. If the rally continues, ROSE could reach the $0.090 resistance level over the coming hours.

However, it would need the support of the broader market to reach the $0.10 resistance level for the first time in months. 

• Oasis Network has an ongoing Hackathon that has drawn a lot of investor and developer interest into the project. 

• Oasis aims to become a leader in the private smart contracts space, the next growth phase in DeFi. 

• Oasis is making higher lows, indicating that bulls are firmly in control. 

Oasis Network ROSE/USD is currently one of the top-performing cryptocurrencies in the past week. While it has eased up today due to a correction in the broader market, it is still one of those cryptos whose chart points to a potential continuation of the bull trend that had started earlier in the week.

Oasis Network’s current price action has a lot to do with the Oasis Bloom Hackathon that kicked off on March 10th. The Hackathon will run until May 2nd and comes with a reward of $200k. This has drawn a lot of interest in Oasis and is likely to keep driving interest in this project over the next couple of weeks.

Besides this short-term price action, Oasis has the fundamentals that could see it rally once the markets turn bullish again. That’s because it is operating in an aspect of the crypto market that has all the hallmarks of potential growth going into the future.

Oasis is looking to become a market leader in the private smart contracts markets. With DeFi disrupting traditional finance, it is only logical that privacy will be essential in the next wave of growth. It will give industry players the confidence to move even higher amounts of money, especially when it comes to lending and the issuance of under-collateralized loans.

Oasis making higher lows

Source: TradingView

Oasis has been on an uptrend since March 21st. It is currently making higher lows, indicating that bulls are firmly in control. With buying volumes on the rise in the broader market, Oasis could easily test $0.50 

Summary 

Oasis Network is on an uptrend and is currently making higher lows. Oasis has been outperforming the market driven by the ongoing Hackathon with a $200k reward.

After a sluggish start to 2022, Oasis Network (ROSE) is finally rebounding sharply. The token appears to have weathered the crypto storm seen over the last 7 days and is now firmly on the up. But can this uptrend actually last? Well, here are some highlights first:

• At the time of writing, ROSE was trading at $0.4203, up nearly 25% in 24-hour intraday trading.

• Oasis Network has distinguished itself as a fast-growing alternative to Ethereum and has earned its place in the market.

• The token is now above its 20- and 50-day simple moving average, an indication of a bullish alignment.

Data Source: Tradingview 

Oasis Network (ROSE) – Price prediction and analysis

Oasis Network (ROSE) has seen a massive price recovery in the last few days. Although overall, the crypto market has slumped, ROSE is outpacing every other coin right now. At the time of writing, the token was up 25% in 24-hour intraday trading. 

ROSE has also paired some of the losses we saw the past week. Although it’s still down around 1.26% for the last 7 days, it’s still way better compared to the average in the market. 

We have also seen the price action surge above 20- and 50-day SMAs, suggesting that there is still more bullish momentum to come in the near term. The relative strength index or RSI is also in the neutral zone, another positive sign for bulls. With these indicators, it is likely that ROSE will continue this uptrend in the near term.

Should you buy Oasis Network (ROSE)

The Oasis Network (ROSE) is seen as a serious alternative to Ethereum. The blockchain has in fact put aside $160 million to incentivise developers to create on its chain. 

Although it still has a long way to go to catch up to Ethereum, so far, it has done quite well. For the long-term crypto investor, this is a good token to buy.

Summary:

• Oasis Network (ROSE:USDT) price rocketed 21% in the last 24 hours.

• The DeFi platform launched Emerald, a smart contract ecosystem at the start of the week.

• It claims to be the world’s first scalable privacy-enabled blockchain ecosystem.

Oasis Network price is up more than 114% over the last seven days after spiking again on Tuesday. The blockchain ecosystem’s native token (ROSE:USDT) advanced more than 21% in the last 24 hours to trade above $0.45 rallying above the previous all-time high of about $0.447 set on Sunday. 

The platform recently launched Emerald, a smart contract ecosystem on top of the existing mainnet ecosystem. The new product is in line with the platform’s goal of being a scalable privacy-enabled blockchain ecosystem that targets the decentralised Finance market.

Is it too late to buy ROSE/USDT?

From an investment perspective, the recent spike in the Oasis Network’s native token ROSE leaves little room for more short-term upward movement. ROSE now has a fully-diluted market cap of about $4.5 billion. 

Therefore, given the 23.74% decline in trading volume in the previous 24 hours, investors could be looking at a potential pullback.

Investors could target pullbacks at about $0.4123, or lower at $0.3583, while $0.49 and $0.54 are resistance zones.

In summary, ROSE/USDT seems to have advanced to overbought conditions, thus limiting more upside movement. And with the Emerald launch tailwinds weakening, it could be time to take some profits.

On Sunday (September 26), IOHK (aka IOG), the blockchain technology firm, which develops the Cardano Protocol and was founded by Charles Hoskinson, announced that it has partnered with Oasis Pro Inc. (“Oasis”), the majority owner of Oasis Pro Markets, which offers “the first US-regulated Alternative Trading System (ATS) authorized to allow users to trade digital securities and make payment for those securities with digital cash.”

On January 20, Oasis Pro Markets issued a press release, which announced that it had it had managed to get approval from FINRA and the Securities & Exchange Commission (SEC) for its Digital Security Alternative Trading System (“ATS”).

In this press release, Oasis said that its ATS is authorized to allow subscribers to:

• “Trade both registered and unregistered securities on the ATS”
• “Trade digital securities OTC”
• “Trade both equity and debt in digital form through the use of a blockchain”
• “Invest in initial private offerings that can be recorded on a blockchain”

In a blog post published yesterday (September 26), IOHK said that the purpose of its collaboration with Oasis Pro is to “develop an alternative trading system that will use blockchain technology to open up participation in primary bond markets to developing countries.”

It went on to say that Oasis’ ATS, which is called OATSPRO in the US, “allows secondary trading of public and private multi-asset digital securities.”

IOHK had this to say about OATSPRO technology and its upcoming integration with Cardano:

“The Oasis Pro technology facilitates digital cash for digital securities transactions, and the use of the Cardano blockchain to remove the need for intermediaries such as banks from the process will cut trading fees by half. The combined platform provides a viable and secure financing alternative for governments of developing nations.

“With recent reductions in foreign aid and investment, many governments are struggling to access capital. The integration of OATSPRO technology with users of Cardano’s ada cryptocurrency – with a market capitalization of $70 billion – will enable a new source of foreign investment to be tapped for crucial infrastructure projects.“

John O’Connor, IOG’s Director of African operations said:

“At IO Global, our mission is to build systems which widen and democratize access to vital financial and social services, for both governments and citizens alike. This was the drive for our partnership with the Ethiopian Ministry of Education this year to bring provable educational credentials to students and teachers across the country, and it is the same for our work with Oasis.

“Systems like the one Oasis is developing are essential to bridge the growing global investment gap and give developing nations the tools to level the playing field and invest in critical infrastructure.“

And Pat LaVecchia, CEO of Oasis, stated:

“Developing nations often lack the access to overseas capital that other nations have. We want to ensure that this changes. IO Global’s vision to democratize opportunity aligns closely with our desire to ensure access to financial markets for developing nations, and this partnership represents a key step in enabling greater accessibility to international capital markets for those that require it.“

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Featured image is a screenshot from the website of Oasis Pro Markets, LLC.