Today, investors are increasingly focusing on Oasis Network (CCC:PINK-USD) on some really big news. The announcement? Binance (CCC:BNB-USD) will support the Oasis Network. This has this token appreciating over 22% as well as many investors considering Oasis Network’s price predictions.
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Recent reports to suggest that Binance Labs, the venture capital arm of Binance, will participate in the Oasis Ecosystem Fund. This investment would aim to develop the next generation of applications built on the Oasis network and to further develop the crypto ecosystem as a whole.
There is a lot to like about this deal from the perspective of those who own ROSE. Binance Labs is a big name in the venture capital arena in the crypto world. As a result, the deal could stimulate a whole new range of projects that might not have been possible without the funding.
Binance Labs is expected to pay around $ 40 million. This will bring the total of the Oasis Ecosystem Fund to $ 200 million, from the previously announced $ 160 million. Various metaverse, non-fungible token (NFT) and decentralized financing (DeFi) projects are expected to come out of the Oasis Ecosystem Fund.
With that in mind, let’s see where experts think this token might be heading.
Oasis network price predictions
For the context, ROSE-USD currently trading at around 42 cents at the time of writing.
- WalletInvestor provides a one-year and five-year price target of nearly 57 cents and $ 1.46 for ROSE, respectively.
- CoinQuora is planning a short term price forecast between 44 cents and 75 cents for Oasis Network.
- Finally, FX Empire hit the nail on the head with its prediction that ROSE could reach 44 cents in the short term.
As of the publication date, Chris MacDonald does not hold (directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.
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