Gas and Neo are similar to fuel and a refinery, but they are useless without each other , and therefore the NEO holder is also a GAS holder. Gas, also known as NeoGas, is regarded as a secondary cryptocurrency supported by the Neo platform.
GAZ is produced in the amount of 0,00000008 GAZ rewards for NEO for the processed block. and gas rewards continue to decrease over time. Gas is similar to the currency used to work on the Neo platform, where gas needs to be spent when smart contracts are executed in the form of reasonable fees for registering contracts and so on. Transaction fees are paid in GAS in the NEO ecosystem. Holding NEO tokens give the right to shares and dividends on the platform in the form of GAS.
What is GAS (GAS)?
The gas was created along with the Neo cryptocurrency on the Neo platform to simplify payments for decentralized applications on the Neo platform, and therefore it is used by the Neo time to exercise the rights to manage the Neo coin. Gas provides a use case when payments in which a neo currency that cannot be divided can receive remuneration in gas currency payments.
GAS is an operational token. Users pay transaction costs in GAZ to fuel smart contracts on the blockchain. Both Neo and GAS are limited to 100 million tokens. All NEO tokens are pre-mined.50 million of these tokens are sold in the Initial Coin Offer (ICO). And the remaining 50 million tokens are issued for one year.
Currently, gas (GAS) is trading at $ 3.2213 with a GAS price of 4.52% today. The market capitalization of gas is $ 32,626,488, with 10,128,375 gases currently circulating. The 24-hour price chart indicates that GAZ was trading at $ 1,921,472. Over the past 24 hours, the price peaked at $ 3.6343, and the lowest price was $ 3.5074.
Market forecast for GAS (GAS) experts
Since gas is a vital part of the NEO blockchain, there are many positive assumptions about GAS and its growth potential. Let’s check some of the forecasts given by the websites of the forecasts:
# 1 Trade Animals
Trading Beasts is a cryptographic website that says that by the end of 2019, GAS may even cross the $ 10 mark and reach $ 11.85 from a conservative point of view and 17.43 from a bull point of view.
# 2 Digital Coin Price
The digital price of the coin gave GAS forecasts until 2026. They predicted, given the volatile factor. By the end of 2019, they predicted that the GAZ coin could cost 4.16 dollars, and by 2025 the GAZ could rise to 11.85 dollars.
# 3 Fan Coin
The Coin Fan community is very optimistic about the work of GAS in the coming years and believes that by the end of 2019 GAS can reach $ 73.43. They even predicted that by 2020, GAZ could even surpass the $ 200 mark.
# 4 Purse Investor
Wallet Investor gave a more pessimistic forecast for GAZ, where they believe that GAZ could fall and reach 0.896 by the end of 2019.
Our verdict on crypto forecasting prices for GAS (GAS) in 2019
Most recently at the NEO DevCon 2019 summit, which was held in Seattle, experts talked about NEO 3.0, and soon after that GAS started working much better than other cryptocurrencies, and grew by about 10% in a week or so. NEO 3.0 is mainly developed to solve problems related to scalability, privacy, efficiency, transactions per second (TPS) and so on.
NEO co-founder Eric Zhang (Erik Zhang) said that the purpose of NEO 3.0 is to support commercial applications on the blockchain, and although its launch date has not yet been determined, one thing is clear that it will take into account the stability and scalability of the platform.
In itself, this is a great development, and it can give a significant impetus to GAZ. By the end of 2019 GAZ can reach $ 27. (Forecast gas prices 2019)
Predicting the price of coins GAS (GAS) 2019
The Byzantine Resiliency Protocol (dBFT), which previously had some drawbacks, verifies it and stops the synchronization of nodes, and may again be the best matching mechanism for a chain of blocks. More recently, it became known that they will open an office in Seattle, which will be headed by a former head of Microsoft.
The projections of gas coins are based on the fact that a paradigm shift towards digital assets creation by enterprises in various sectors can occur, which can contribute to the growth of the Neo platform and gas cryptocurrency. By the end of 2019, GAS can reach $ 27.3, which is almost 8 times the current price.
Price forecast for GAS (GAS) 2020
GAS can increasingly work on the development perspective, which can make it more user friendly for developers. Thanks to conferences held in most countries of the world, GAS (NeoGAS) ensures its presence and uniqueness among lovers of cryptography.
By 2020, the adoption rate will increase by several times, and GAS can reach $ 50.295. This will be a big step for GAS to the center.
Price forecast for GAS (GAS) in 5 years
After 5 years, GAS can even overtake NEO and can be considered one of the 20 largest cryptocurrencies in the world. A user community can be built, and new dapps can be one of the determining factors to find out if the price of a GAS will increase or not.
After 5 years, GAZ can grow to 68,487 dollars on a conservative note and can touch any other mark above this one, based on its developments.