Gas Information

Gas is a cryptocurrency created as part of the NEO blockchain ecosystem, primarily designed to manage network operations and facilitate transactions. It plays a crucial role by acting as a utility token, providing users with the necessary resources to execute smart contracts and participate in blockchain governance. As NEO seeks to establish a smart economy, Gas ensures that the network remains efficient and sustainable for all participants.

2.93 $
Gas

Gas

  • Current Price $ : 2.93 $
  • Price Change 24h : -0.00807 $
  • Price Change % 24h : -0.27506 %
  • Market Cap : 190 601 037
  • Market Cap Change % 24h : -0.22599 %

Understanding Gas: A Unique Cryptocurrency Asset

Cryptocurrencies have redefined the landscape of digital finance, introducing innovative solutions and decentralized mechanisms. Among the myriad options available, Gas stands out as a native token of the Neo blockchain. While not as widely recognized as Bitcoin or Ethereum, Gas plays an essential role in the Neo ecosystem and provides unique advantages and challenges to its users.

The Role of Gas in the Neo Ecosystem

Gas is an operational token on the Neo blockchain, created as a complementary asset to the Neo token. Neo represents shares in the Neo platform, while Gas is used to pay for transaction fees and computational costs involved in running decentralized applications on the blockchain. This dual-token system is similar to how Ethereum works with Ether, yet it possesses distinctive features that offer both opportunities and limitations.

Advantages of Holding Gas

One of the primary benefits of Gas is its integral role in the Neo blockchain, providing utility beyond mere speculation. Those holding Neo tokens can generate Gas simply by staking their Neo holdings, thus incentivizing network participation. Furthermore, as the Neo ecosystem expands, so does the demand for Gas, potentially driving its value upward with increased transaction activities.

The Challenges Faced by Gas

Despite its utility, Gas faces challenges common in the cryptocurrency sector. High volatility can affect its reliability as a payment system within the blockchain. The competition from other similar blockchain platforms means that Neo and Gas must continue to innovate to maintain their position in the market. Additionally, their decentralization and relatively smaller community can be negatives compared to more prominent projects.

Historical Performance of Gas

Gas saw its all-time high of $91.94 on January 15, 2018, during the crypto boom. Like many cryptocurrencies, Gas experienced a substantial decline in value post-2018, marking a gradual return from its hype-driven valuation. The all-time low was $0.621309, observed on March 13, 2020, coinciding with a broader market selloff.

Despite these fluctuations, Gas has demonstrated a capacity for resilience and recovery, showcasing a significant percentage increase from its lowest point. Its current value hovers around the $3.96 mark, highlighting a more stable phase compared to its early volatile years.

Future Prospects of Gas

The future of Gas largely depends on the adoption and development of the Neo ecosystem. As Neo continues to innovate, particularly with initiatives such as Neo 3.0, Gas stands to benefit from increased usage and demand. Its future price trajectory will depend on the broader cryptocurrency market trends, developments within the Neo platform, and the general sentiment towards blockchain technology.

In summary, Gas represents a niche opportunity within the broader cryptocurrency landscape. While potential for significant gains exists, especially for those involved in the Neo network, it remains subject to the inherent risks of the cryptocurrency market. Investors and users should stay informed about the developments in the Neo blockchain to fully leverage the potential of Gas.

General Information
Title
Gas
Symbol
gas
Whitepaper
-
Website
https://neo.org/
Community
-
Last Updated
2025-07-08 23:29

Price Data
Current Price $
2.93 $
High 24h
2.95 $
Low 24h
2.89 $
Price Change 24h
-0.00807 $
Price Change % 24h
-0.27506 %

Market Data
Market Cap
190 601 037
Total Volume
6 291 455
Market Cap Change 24h
-431 709
Market Cap Change % 24h
-0.22599 %
Return on Investment (ROI)
-

Supply and Availability
Circulating Supply
65 093 581
Total Supply
65 093 581
Max Supply
-

Historical Data
All Time High (ATH)
91.94
ATH Change %
-96.81774 %
ATH Date
2018-01-15 00:00
All Time Low (ATL)
0.62131
ATL Change %
370.9055 %
ATL Date
2020-03-13 02:24
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