Oasis Network Partnership Adds Multiple New Chains
The Oasis Network has partnered with SYNTHR to introduce syROSE, a synthetic version of the native token ROSE. This partnership enables omni-chain compatibility, connecting Oasis to various blockchain networks including Ethereum, Arbitrum, Avalanche, Polygon, and BNB Chain. SYNTHR aims to revolutionize liquidity access across ecosystems, enhancing user privacy and expanding the utility of ROSE for activities such as swapping, staking, and lending in the decentralized world of Web3.
Interview With Jernei Kos – Director at Oasis Foundation
Jernei Kos, a director at the Oasis Foundation, discussed the challenges of implementing this integration and highlighted features designed for security and confidentiality. He emphasized the focus on enhancing user privacy by incorporating industry-leading confidentiality tools on the base layer. The partnership with entities like Transak, Oraichain, and Ocean Predictor showcases Oasis’s collaborative efforts to drive Web3 adoption. Kos expressed optimism about the future integration of Oasis into Web3.
ROSE Price Prediction: How Will Price React?
On the daily timeframe analysis, the ROSE price broke out from a descending resistance trendline but failed to sustain its increase and fell below the $0.043 resistance area. Deviations above this area indicate bearish signs as buyers couldn’t maintain the increase. The daily RSI also supports a bearish trend. If the decrease continues, the closest support level is at $0.038. Despite this prediction, a strong bounce at the current level could lead to a retest of the $0.043 resistance area.
Hot Take: A Synthetic Boost for ROSE Token
The partnership between Oasis Network and SYNTHR introduces syROSE, a synthetic variation of ROSE that enhances omni-chain compatibility and expands the utility of the native token. With a focus on user privacy and seamless access to Web3, this collaboration aims to revolutionize liquidity access and empower users within the decentralized ecosystem. While the ROSE price has experienced a recent downward movement, a potential bounce could lead to a retest of resistance levels. Overall, this partnership signifies an exciting development for the Oasis Network and its growing integration into Web3.
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