As top assets like Bitcoin<\/a> and Ethereum<\/a> looked relatively shaky, the larger market eyed altcoins for the much-needed gains. SushiSwap and Oasis Network\u2019s ROSE, at the time of writing, presented the highest weekly gains of the top 100 cryptocurrencies as per data from <\/span>CoinMarketCap<\/span><\/a>. <\/span><\/p>\n However, ROSE\u2019s rise for over ten days has attracted many eyeballs as the altcoin\u2019s price appreciated by close 70%.\u00a0<\/span>So, what was behind the sudden rise of ROSE, and will the gains sustain going forward?<\/span><\/p>\n Over the last year, high transaction costs and higher demand paved way for the rise of layer-1 protocols which saw a massive rise in popularity as well as price. In fact, with coins like Solana, Terra (LUNA), and MATIC presenting independently driven price actions, the rise of <\/span>layer-1 <\/span><\/a>protocols has been remarkable.\u00a0<\/span><\/p>\n Another layer-one protocol that has been gaining attention over the last month and aims to offer a low-cost solution to the high market fees has been Oasis Network. The platform is a privacy-focused L1 blockchain built using the Cosmos SDK and designed for open finance and a responsible data economy.<\/span><\/p>\n ROSE after hitting a low of $0.1688 on 28 October surged 176% to a new record high at $0.466 on 21 November and is yet again in an uptrend gaining close to 70% since 22 December. Interestingly, the asset on a 4-hour chart has maintained a bullish uptrend that <\/span>analysts <\/span><\/a>anticipate could be key to the rally.\u00a0<\/span><\/p>\n Source: Travis McCrypto<\/a><\/p>\n<\/div>\n With a rise in price, ROSE\u2019s social volumes also have been in a continued uptrend. Thus, presenting a higher social conversation for the altcoin. Notably, the alt\u2019s rally jumpstarted after the 17 November announcement revealing a $160 million Oasis ecosystem fund designed to help founders and projects build on the Oasis Network and ecosystem.\u00a0<\/span><\/p>\n Apart from that, the introduction of the first nonfungible token (NFT) project on the network as well as the growth of NFTs and the constantly growing community and ecosystem of dApps further fuel a better narrative for the coin.\u00a0<\/span><\/p>\n So, can ROSE make a good year-end trade and blast in 2022?<\/span><\/p>\n With a constantly growing ecosystem, ROSE\u2019s future looks bright. However, its development activity has suffered in comparison to the higher development activity in December beginning. Nonetheless, on the back of a growing network of users, if ROSE\u2019s development activity picks up, the same could give the alt a much-needed boost.\u00a0<\/span><\/p>\nThe Rise of ROSE<\/b><\/h3>\n
![\"\"](\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/12\/30185005\/FH2V5U1UUAQj8p4.jpg\")
<\/a><\/p>\nWhat to expect from ROSE?<\/b><\/h3>\n
![\"\"](\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/12\/30185121\/Oasis-Network-ROSE-18.40.25-30-Dec-2021.png\")
<\/a><\/p>\n
![\"\"](\"https:\/\/files.ambcrypto.com\/wp-content\/uploads\/2021\/12\/30185211\/ROSE_Sharpe-Ratio_2021-12-30.png\")
<\/a><\/p>\n