After hints that it was on the verge of breaking into a strong bullish season, the cryptocurrency market has fallen back again to reside in the red over the past week. Investors may be unhappy that the market has still failed to break resistance levels, but at least some tokens have been performing unusually well.
This week, we focus on Oasis Network (ROSE), Mina (MINA), Hedera (HBAR), Lido DAO (LDO), and Rocket Pool (RPL). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable changes in price.
One of the biggest gainers of the week, the ROSE token of the Oasis Network, possibly benefited from multiple developments within its ecosystem and network.The primary reason for the price bump of about 35% might be the fact that the team on Feb. 2 released its roadmap for 2023, which described launches and improvements.There has also been a sharp increase in open interest, reaching nearly $30 million at Oasis.
Oasis Network is a scalability and privacy-focused network built using the Cosmos software development kit (SDK), which is a set of software tools and programs used by developers to create applications. The ROSE token is now priced at around 0.072 cent after beginning last week at 0.055 cent (see chart below).
ROSE (TradingView)
Mina (MINA) was the next big gainer this week, with the token rising by about 32% to trade at around 93 cents. (see chart below).The price might have been boosted by the launch in late January of a proof of concept that would allow anyone to run a web node on a browser.A proof of concept is an exercise in which work is focused on determining whether an idea can be turned into reality.The effort may eventually
Read more on investopedia.com