GAS ANALYSIS GAS/USD Neo (NEO) was one of the first projects to popularize the dual-token model with transactions on the network being paid with Gas (GAS). Similar to the VeChain Thor token model, users who hold Neo in a wallet they control automatically earn staking rewards at a rate of 1.61%, which is paid in the form of GAS. Excitement for GAS began to pick up in early February as information about the launch of Neo3 began to pick up alongside the development of cross-chain bridges to Ethereum and the Binance Smart Chain. GAS traded at a low of $1.79 on Feb. 1 before a record $1.5 billion in trading volume saw it’s price spike to a high of $15.80 on Feb. 21, just as transaction fees on the Ethereum network were surging to their highest level in 6 months. While gas fees on Ethereum have decreased by more than half since Feb. 23, the high price of Ether continues to make transacting on the network unmanageable for the average user while transactions on the Neo blockchain cost an average of 0.001 GAS. As the Neo ecosystem expands with the growth of DeFi platforms like Flamingo Finance and the Switcheo decentralized exchange, GAS has the potential to see further upside by offering a more fixed, low-cost alternative for blockchain transactions. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🍾🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣 #gascoin #gas #neo #neocoin #neocoins #neocoincash #altcoinseason #altcoiner #altcoindaily #altcoin #altcoingenius #altcoininvesting #altcointrading #altcoinnews #altcointrader https://www.instagram.com/p/CMd8nxqASpM/?igshid=if0cuoctonq1
