- Neo GAS (GAS) token price surged by 330% in the past month, tripling investor wealth and reaching $10.06 per token with a $101 million market cap.
- Neo announced plans to create an MEV-resistant sidechain compatible with Ethereum Virtual Machine, expected to launch by end of 2023.
- BitMEX exchange listed GAS/USDT trading pair on October 30th with perpetual contracts offering up to 10x leverage.
- The price surge was driven by Neo's innovative sidechain development and increased accessibility through the BitMEX listing.
Neo GAS (GAS) Token Price Skyrockets, Has Tripled The Investors’ Money in a Month
/ Neo GAS Token (GAS) soars 330% in a month, tripling investor wealth. Discover the factors behind this explosive growth.
By Nilesh Hembade.
Date: 04 Nov 2023, 10:45 AM IST
Neo, the Open Network for the Smart Economy, is stealing the limelight in the cryptocurrency world with its utility token, GAS. Over the past 30 days, the GAS token price has witnessed a meteoric rise, surging by an astonishing +330%. This surge has not only captured the attention of the crypto community but has also tripled the investments of GAS token holders in the last month.
As of the time of writing, GAS is trading at an impressive $10.06 per token, boasting a substantial market capitalization of $101 million. The significant gains and the coin’s rising market capitalization have led to increased interest and excitement among investors and enthusiasts alike.
Know Why Gas Token is Surging?
1. Neo Announces a New Chapter
The primary catalyst behind GAS’s price surge is Neo’s recent announcement. The blockchain platform revealed its plans to create a sidechain that is inherently resistant to Miner Extractable Value (MEV) attacks and fully compatible with the Ethereum Virtual Machine (EVM). This innovative sidechain will inherit the economic model and Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism from Neo N3. It is currently under active development and is anticipated to be released by the end of 2023.
2. BitMex Exchange Lists GAS/USDT on October 30th
Another significant contributor to the remarkable surge in GAS’s price is its listing on the BitMex Exchange. On October 30th, BitMex added GAS/USDT to its trading pairs, introducing a perpetual contract option with a 10x leverage. This move expanded the accessibility and liquidity of GAS, attracting a broader range of traders to the cryptocurrency.
🚀One for the @Neo_Blockchain community 🚀
— BitMEX (@BitMEX) October 30, 2023
The $GAS perp is now live on BitMEX, margined in $USDT with up to 10x leverage.
➕Up to $5,000 in BMEX Tokens available for new users…
Trade the new listing👇https://t.co/yCVWtLMlE0 pic.twitter.com/6M6fiAOx5G
In conclusion, Neo’s GAS token has experienced an extraordinary surge in value over the past month, driven by innovative developments within the Neo ecosystem and its listing on BitMex with leverage options.
Disclaimer:
Consult your financial advisor before making any decisions because Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. No information on this website is intended to be a solicitation or an offer.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
