Gas (GAS) Analysis

Market Cap

$98,106,307 USD

Volume (24h)

$27,033,227 USD

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5.1

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Gas Markets Rank: 8/100
Volume Ratio

How actively is this asset being traded on the market?

Gas Volume Ratio Rank: 28/100
Market Cap

The total cost of all coins available.

Gas Market Cap Rank: 96/100
24h Change

Is the price moving up or down?

Gas 24h Change Rank: 52/100
Social Following

How many users are following this coin?

Gas Social Following Rank: 99/100
Google Trends

How many users are searching for the coin?

Gas Google Trends Rank: 48/100
Twitter Citation

How many users are talking about this coin in Twitter?

Gas Twitter Citation Rank: 57/100
User Voting

How popular is this coin among Cointobuy community?

Gas User Voting Rank: 96/100

GAS investment analysis

GAS is on one side of the cryptocurrency that drives the NEO blockchain economy and has been so since it started operation in 2017. We can relate the function of the coin just as Ether is to the Ethereum blockchain platform. Basically, it functions as a currency to pay for operational activities being explored on the network by developers.

GAS investments are as safe and free from precarious situations just as the NEO token, which makes up the other side of the coin – the instruments which help with the smooth running of the platform.

Since it is the operational token (such as payment for smart contract developments) and the counterpart is responsible for the shares and maintains the political aspect of the ecosystem, it, therefore, means that the worth of both entities are intertwined.

The future of the cryptocurrency has so much dependence on the integral quality of the platform and the products that emanate from its dApp-enabled smart contract toolkits.

$9.69

+163.4%

$25.51

49/4138

by Safety

2198/4138

by Profit

How to buy GAS coin?

The cryptocurrency is trading on 16 markets currently and has trade pairs with BTC, ETH, INR, NEO, USDT KRW and KCS. The coin which began trading in July of 2017, has been doing quite well on the market and follows no particular negative deviation from the cryptocurrency market expectations.

You can buy Gas with any of the trade pairs by simply purchasing BTC, ETH or any other alt pair first before buying the currency. The crypto asset is based on the NEO technology and therefore you will need their wallet.

On their official website, there are a couple of compatible wallets which can be downloaded and used to store the currency, simply make sure you secure the wallet well enough by either downloading the keystore file and save it in a secure place or printing out a paper wallet so that you won’t lose access to your coin. Other means of storing include using any of the hardware wallets available.

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Over the course of time, this asset has shown some remarkable growth potential and continues in that direction as more investors are gradually warming up to its uses and roles within the blockchain. It’s really not a stretch to assume that someday when the platform becomes a more prominent choice for the development of smart assets on the blockchain, the GAS token also will receive a fair share of importance and value within the ecosystem.

Moreover, the technology behind the host network continues to inspire confidence and encourages investors to buy-in into the complete package.

The production rate of the utility token is a plausible reason why the asset will gain so much relevance in the coming years, as it continues to reduce in number, and more demand is required for smart contract development and operations, the token will invariably be in high demand within the community.

Just as Ethereum has successfully made the Ether popular and more of a transactional utility within its ecosystem, so also, NEO has the potential to make their utility token more valuable in the community.

Investors willing to stake their investment in this asset should first consider studying the NEO infrastructure, their future prospects and how they plan on making their smart contract development systems more valuable and useful in a broader sense.

However, insights provided by their whitepaper so far suggests that the future developments to be carried out on the platform will also be contingent on the use of the utility token, therefore, if you were to invest in GAS coin has an assured profitability in their stake.

The project is still growing and has so much in store for the developers who patronize the platform, while they may have the potential to rival Ethereum and the Ether, it would take a while, and this makes it a prospective asset to hold for the long-term game.

Not too many people may consider the token an investment opportunity, however, it should be known that the popularity of the products that come off the blockchain and the future successes of the platform has direct influence and impact on the market value of the asset.

Investors should carry out their due diligence – and this cannot be overemphasized as investments in any cryptocurrency have tendencies to overrule speculative insights. However, with the right information at the investor’s disposal makes it easier to make good investment judgment calls.

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