Gas (GAS) Price

  • Gas(GAS)
    $1.7005
    +0.0525(+3.1876%)
    09:08:53(GMT)|Real-Time Data, Currency in USD
    • Open
      $1.6480
      Day's Range
      $1.6262- $1.7312
    • Market Cap
      $17.22 M
      Volume
      $1.76 K
    • Current Supply
      10.13 MGAS
      Max Supply
      9.68 MGAS

GasOverview

  • Proof TypeN/A
  • AlgorithmN/A
  • Market Cap$17.22 M
  • Volume$1.76 K
  • Current Supply10.13 MGAS
  • Max Supply9.68 MGAS
  • Open$1.6480
  • Day's Range$1.6262- $1.7312

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

BUY
  • Moving Averages
    BUY(16)
  • Indicators
    NEUTRAL(1)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)1.65401.66471.6686
MA (10)1.63591.64451.6498
MA (20)1.61541.63011.6283
MA (50)1.62491.63681.6200
MA (100)1.67431.66931.6477
MA (200)1.73491.73491.6970
BUY2160

Trend Indicators

MACD (12,26,9)0.0116
ADX (14)22.2079
RSI (14)72.6384
Williams %R (14)-14.2857
Stochastic RSI (14)95.0639
ROC (10)6.9182
CCI (14)221.0526
Ultimate oscillator (7,14,28)72.1905
Stochastic Fast (14)85.7143
ATR (14)0.0195
BBands (20)0.1249
NEUTRAL821

Pivot Points

names3s2s1pivotr1r2r3
classic1.68331.68661.69331.69661.70331.70661.7133
fibonacci1.68661.69041.69281.69661.70041.70281.7066
camarilla1.68751.68831.68911.69661.71081.71161.7116
woodieN/A1.26250.84501.27250.85501.2825N/A
demarkN/AN/A1.69501.69751.7050N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

Top Wallets