Gas (GAS) Price

  • Gas(GAS)
    $2.5397
    -0.2420(-8.7027%)
    12:18:00(GMT)|Real-Time Data, Currency in USD
    • Open
      $2.7818
      Day's Range
      $2.4990- $2.6958
    • Market Cap
      $25.71 M
      Volume
      $867.06 K
    • Current Supply
      10.13 MGAS
      Max Supply
      9.68 MGAS

GasOverview

  • Proof TypeN/A
  • AlgorithmN/A
  • Market Cap$25.71 M
  • Volume$528.30 K
  • Current Supply10.13 MGAS
  • Max Supply9.68 MGAS
  • Open$2.7818
  • Day's Range$2.4990- $2.6958

GasPrice

GAS is a virtual token, commonly referred to as a cryptocurrency that is distributed to investors that hold NEO coins in NEO compatible wallets. GAS was developed to be used to pay for transactions on the network and was formerly known as ANC-Antcoins

There are a finite number of GAS coins, with the maximum supply being 100 million.

GAS tokens are generated with each NEO block generation, which means that the amount of GAS each NEO coin holder receives depends on the block generation rate.

It is estimated that it would take approximately 22 years for GAS tokens to reach the 100 million maximum supply.

NEO’s GAS reward calculator shows 2 values:

  • Theory calculation: The calculation shows NEO holder GAS rewards based on the whitepaper, which indicates GAS reward on a 15-second block generation rate.
  • Actual calculation: The calculation is based on the actual block generation rate, which varies from theoretic and ultimately explains the reason for actual GAS reward being lower than theoretical.

GAS, which is also referred to as NEOGAS, gives the right to use the NEO system, while NEO coins represent the ownership of the NEO blockchain.

NEO was founded in 2014 and was previously known as Antshares, with the name change taking place on 22nd June 2017.

NEO blockchain is a key driver behind NEO and GAS. NEO is a non-profit community-based blockchain project supporting the management of digital assets using a smart contract, with NEO also referred to as China’s Ethereum.

NEO allows the digitalization of assets on the decentralized blockchain, making it free of intermediaries, whilst being transparent, trustful and traceable. NEO users are able to register, trade and circulate asset types, linking the physical world to the digital world via digital identity.

The ultimate goal is for NEO to deliver a smart economy described as:

Digital assets + Digital Identity + Smart Contracts

NEO and GAS were founded by Da Hongfei and CTO Erik Zhang, who also founded blockchain R&D company OnChain.

NEO’s algorithm is Proof of Stake, where blocks processing power is dependent upon the number of tokens held by miners, as opposed to computing power as is the case of Proof of Work algorithms.

Some distinct differences and characteristics of GAS include:

  • There are no physical GAS, only virtual.
  • GAS is awarded to NEO coin holders who store their coins locally and not on an exchange.
  • Yearly GAS reward per NEO is expected to fall to 0.02 per annum, based on theoretical and hold at 0.02 GAS per NEO per annum until a minimum of 22-years has passed.
  • It is possible to trade GAS on supporting cryptocurrency exchanges.
  • It is the intention that GAS can be mined at a later date, but the option has yet to be activated.
  • The more digital assets registered with the NEO blockchain, the more GAS is rewarded to NEO holders.

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GasTechnical Analysis

Summary

SELL
  • Moving Averages
    SELL(18)
  • Indicators
    BUY(5)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)2.54592.55212.5480
MA (10)2.56002.57302.5529
MA (20)2.64692.62022.5935
MA (50)2.69822.70792.6752
MA (100)2.84712.81472.7554
MA (200)3.00123.00122.8923
SELL1800

Trend Indicators

MACD (12,26,9)-0.0584
ADX (14)39.2154
RSI (14)34.2576
Williams %R (14)-85.7143
Stochastic RSI (14)83.9481
ROC (10)-0.7782
CCI (14)-69.0335
Ultimate oscillator (7,14,28)44.7726
Stochastic Fast (14)14.2857
ATR (14)0.0414
BBands (20)0.4517
BUY155

Pivot Points

names3s2s1pivotr1r2r3
classic2.53332.53662.54332.54662.55332.55662.5633
fibonacci2.53662.54042.54282.54662.55042.55282.5566
camarilla2.53752.53832.53912.54662.56082.56162.5616
woodieN/A1.90001.27001.91001.27991.9199N/A
demarkN/AN/A2.54502.54752.5549N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

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