Gas (GAS) Price
GAS coin is used in the NEO network. It was created with the intention to use it to control the NEO network. The blockchain technology employed by the NEO network is designed such that each time a smart contract is fulfilled, bookkeeping must be performed
GAS coin is used in the NEO network. It is also known as NEO GAS. It was created with the intention to use it to control the NEO network including the management's rights to modify the network. The blockchain technology employed by the NEO network is designed such that each time a smart contract is fulfilled, bookkeeping must be performed. This action is then verified by the blockchain technology.
What is GAS?
At the moment, transactions on NEO are free. But this is set to change. GAS is the coin which will be the currency with which transactions on the NEO network will be paid for. Eventually, claiming GAS coins will involve a cost in the future. Claiming GAS coins daily will incur a higher fee and therefore becomes cost prohibitive. This has been done in order to limit the number of GAS coins in circulation.
How does it GAS work?
If a company wishes to make use of the NEO blockchain, then the company must spend GAS coins to allow their apps access to the blockchain. This can be considered as a form of smart contract registration fees. The GAS coin paid by the companies is recycled back to the people who already hold NEO and to those who hold the newly generated GAS. With the growth of the NEO network, the people who hold NEO will be able to hold more GAS coins.
The GAS coin was created such that the number of GAS coins in circulation will always be lesser than NEO. The plan is to keep it substantially less for the first 22 years or so, at which point the GAS and NEO coins will be available in a 1:1 ratio. Eventually, people may need to procure GAS coins to perform NEO transactions, causing them to buy more GAS coins which will drive up demand and hence the price.
The GAS price per transaction or the price per smart contract is designed such that it takes advantage of the Turing Complete nature of Ethereum and its Ethereum Virtual Machine Code (EVM Code). This means that the program prevents infinite loops because payments have to be made for each loop. Using 0.00001 Ether or 1 GAS coin is the only way to either execute a line of code or some command. Thus, a person executing an infinite loop would require an equal supply of GAS coins which is not realistically possible. The transaction cannot be performed if there is not enough digital currency in the account or wallet. This was done in order to ensure that denial of service attacks from infinite loops were stopped and also to encourage efficient coding. This would also have the planned effect of making a hacker pay for the resources that they might use in an attack. In addition, even normal commands that involve complex calculations require more GAS coins to execute.
History
AntShares was the precursor to NEO and it was the first open source blockchain in China. AntShares was founded in 2014 with the aim to change the way online trading happened. It relied on a smart economy that emerged from the widespread adoption of digital assets, identities and smart contracts. It was created on the assumption that the Internet will shift from information to values and that this transformation will result in the merger of the traditional and the digital economy. This was in turn expected to make it easier for goods to be exchanged. The vision of AntShares was that the Internet would become more open and this would lead to the "Internet of Order".
Where can you buy GAS coin?
GAS can be bought and sold using the website called Binance which acts a trading platform for various cryptocurrencies. The best way to buy GAS coin is to buy Ethereum and then exchange it for GAS using one of the many cryptocurrency exchange options available. Coinswitch is a website that supports GAS tokens for exchange. At present, there are about 10 million GAS coins in circulation with a suggested cap of 100 million coins. As of April 2018, GAS has a value of about $15 per coin.
GAS wallet
All GAS coins that are bought generally move into the NEO wallet. This wallet was created by Antshares and receives regular updates. There is an option to use a cold storage hardware to store GAS coins. This merely means that the coins are stored offline, especially if they are numerous. Using this will give the user much more control over their wallet. One can also use an offline paper wallet to store their coins but it is not as resilient as other options. For one, information on paper can fade. This is therefore not considered as the best alternative to storing coins on NEO wallets.
GAS coin mining
GAS can be mined, but this feature has not yet been implemented. GAS is a by-product of storing NEO (locally). It is generated at the rate of 0.00000008 GAS reward per NEO per processed block. The intention is to decrease the GAS reward per NEO by a rate of 0.02 yearly, in theory. Then the GAS reward is supposed to stay steady at 0.02 GAS per NEO for about 22 years at which point the total number of GAS and NEO will be the same yielding a ratio of 1:1. But in actual practice, the blocks are created slowly, leading to a possibility that GAS dividends may last for more than 22 years since it might take more time for the total number of GAS to equal the total number of NEO.
GAS coin price trends
Historical data suggests that the price of GAS coins were not over $20 until about August 2017. Then, around mid-August that year, the price spiked to over $20. This marked the beginning of a steady increase in the price of GAS. From October 2017 to December 2017, the price largely held steady. Then, there was another large spike in the prices in January and February 2018. The price was almost $80 during this period of spike in prices. However, this did not last long and the prices declined after February. The table below will provide historical price data from August 2017 up till March 2018:
Date | Open | High | Low | Close | Volume | Market Cap |
Nov 12, 2018 | 5.02 | 5.05 | 4.87 | 4.90 | 467,934 | 49,659,221 |
Nov 11, 2018 | 5.06 | 5.06 | 4.91 | 4.98 | 373,222 | 50,417,026 |
Nov 10, 2018 | 5.03 | 5.10 | 5.03 | 5.06 | 269,629 | 51,217,572 |
Nov 09, 2018 | 5.13 | 5.15 | 4.99 | 5.03 | 349,870 | 50,901,263 |
Nov 08, 2018 | 5.24 | 5.28 | 5.11 | 5.14 | 461,355 | 52,014,372 |
Nov 07, 2018 | 5.23 | 5.33 | 5.15 | 5.24 | 529,822 | 53,082,206 |
Nov 06, 2018 | 5.07 | 5.26 | 5.03 | 5.23 | 593,304 | 52,791,421 |
Nov 05, 2018 | 5.26 | 5.27 | 4.98 | 5.05 | 899,576 | 51,183,338 |
Nov 04, 2018 | 5.04 | 5.32 | 4.98 | 5.27 | 1,341,630 | 53,396,287 |
Nov 03, 2018 | 5.07 | 5.11 | 5.02 | 5.02 | 375,966 | 50,873,410 |
Nov 02, 2018 | 5.02 | 5.09 | 5.02 | 5.08 | 497,896 | 51,478,783 |
Nov 01, 2018 | 4.96 | 5.09 | 4.94 | 5.02 | 442,963 | 50,844,443 |
Oct 31, 2018 | 4.95 | 4.97 | 4.81 | 4.96 | 474,527 | 50,236,741 |
Oct 30, 2018 | 4.92 | 4.97 | 4.87 | 4.93 | 419,752 | 49,781,195 |
Oct 29, 2018 | 5.22 | 5.23 | 4.88 | 4.90 | 614,691 | 52,885,865 |
Oct 28, 2018 | 5.21 | 5.24 | 5.15 | 5.24 | 479,136 | 52,784,342 |
Oct 27, 2018 | 5.20 | 5.23 | 5.14 | 5.17 | 490,303 | 52,626,990 |
Oct 26, 2018 | 5.25 | 5.27 | 5.11 | 5.19 | 529,026 | 53,160,862 |
Oct 25, 2018 | 5.32 | 5.33 | 5.18 | 5.24 | 539,596 | 53,933,538 |
Oct 24, 2018 | 5.18 | 5.39 | 5.18 | 5.33 | 1,301,940 | 52,497,156 |
Oct 23, 2018 | 5.20 | 5.25 | 5.15 | 5.21 | 531,245 | 52,653,098 |
Oct 22, 2018 | 5.25 | 5.29 | 5.15 | 5.20 | 462,239 | 53,147,880 |
Oct 21, 2018 | 5.33 | 5.37 | 5.21 | 5.25 | 603,591 | 53,998,013 |
Oct 20, 2018 | 5.15 | 5.36 | 5.12 | 5.33 | 871,408 | 52,202,778 |
Oct 19, 2018 | 5.15 | 5.18 | 5.10 | 5.15 | 351,780 | 52,127,456 |
Oct 18, 2018 | 5.27 | 5.44 | 5.10 | 5.16 | 925,221 | 53,378,464 |
Oct 17, 2018 | 5.28 | 5.39 | 5.14 | 5.25 | 670,354 | 53,512,895 |
Oct 16, 2018 | 5.17 | 5.33 | 5.14 | 5.27 | 613,513 | 52,412,749 |
Oct 15, 2018 | 4.99 | 5.43 | 4.89 | 5.18 | 1,177,040 | 50,590,440 |
Oct 14, 2018 | 5.04 | 5.32 | 4.99 | 5.01 | 1,391,360 | 51,012,242 |
Oct 13, 2018 | 4.94 | 5.06 | 4.90 | 5.04 | 630,966 | 49,996,136 |
Oct 12, 2018 | 4.89 | 5.14 | 4.85 | 4.93 | 950,815 | 49,544,420 |
Oct 11, 2018 | 5.80 | 5.81 | 4.88 | 4.92 | 1,268,770 | 58,771,927 |
Oct 10, 2018 | 5.90 | 5.96 | 5.72 | 5.82 | 702,333 | 59,765,977 |
Oct 09, 2018 | 5.86 | 6.07 | 5.78 | 5.94 | 1,379,290 | 59,374,906 |
Oct 08, 2018 | 5.72 | 5.95 | 5.68 | 5.84 | 814,420 | 57,923,534 |
Oct 07, 2018 | 5.81 | 6.18 | 5.66 | 5.69 | 2,238,920 | 58,828,815 |
Oct 06, 2018 | 5.66 | 5.94 | 5.57 | 5.79 | 1,181,590 | 57,376,935 |
Oct 05, 2018 | 5.55 | 5.65 | 5.47 | 5.65 | 720,791 | 56,232,126 |
Oct 04, 2018 | 5.54 | 5.76 | 5.52 | 5.56 | 705,538 | 56,118,630 |
Oct 03, 2018 | 5.81 | 5.83 | 5.47 | 5.54 | 781,801 | 58,850,703 |
Oct 02, 2018 | 5.86 | 5.92 | 5.78 | 5.82 | 782,699 | 59,355,448 |
Oct 01, 2018 | 6.02 | 6.05 | 5.82 | 5.87 | 1,341,200 | 60,968,423 |
Sep 30, 2018 | 6.25 | 6.26 | 5.99 | 6.03 | 1,968,870 | 63,279,172 |
Sep 29, 2018 | 6.94 | 6.94 | 6.06 | 6.22 | 6,827,390 | 70,252,838 |
Sep 28, 2018 | 5.51 | 10.00 | 5.50 | 7.04 | 66,564,800 | 55,781,424 |
Sep 27, 2018 | 5.10 | 5.53 | 5.07 | 5.51 | 809,726 | 51,658,687 |
Sep 26, 2018 | 5.08 | 5.25 | 4.97 | 5.11 | 565,276 | 51,478,954 |
Sep 25, 2018 | 5.17 | 5.17 | 4.91 | 5.07 | 685,293 | 52,406,408 |
Sep 24, 2018 | 5.39 | 5.40 | 5.18 | 5.18 | 961,835 | 54,558,259 |
Sep 23, 2018 | 5.23 | 5.62 | 5.14 | 5.40 | 2,039,540 | 52,939,594 |
Sep 22, 2018 | 5.47 | 5.56 | 5.15 | 5.22 | 2,117,380 | 55,401,944 |
Sep 21, 2018 | 5.35 | 5.60 | 5.24 | 5.45 | 3,034,930 | 54,171,887 |
Sep 20, 2018 | 5.00 | 5.40 | 4.95 | 5.35 | 1,727,050 | 50,669,848 |
Sep 19, 2018 | 4.99 | 5.11 | 4.78 | 5.00 | 2,238,190 | 50,563,293 |
Sep 18, 2018 | 4.80 | 5.11 | 4.76 | 4.99 | 1,833,060 | 48,583,554 |
Sep 17, 2018 | 5.41 | 5.45 | 4.69 | 4.80 | 2,782,130 | 54,760,411 |
Sep 16, 2018 | 5.79 | 5.79 | 5.25 | 5.40 | 2,851,650 | 58,608,601 |
Sep 15, 2018 | 5.66 | 5.91 | 5.66 | 5.80 | 1,692,070 | 57,350,865 |
Sep 14, 2018 | 5.76 | 5.85 | 5.58 | 5.69 | 2,050,000 | 58,363,610 |
Sep 13, 2018 | 5.59 | 5.89 | 5.56 | 5.76 | 2,517,660 | 56,606,824 |
Sep 12, 2018 | 5.63 | 5.64 | 4.96 | 5.57 | 2,262,190 | 57,007,656 |
Sep 11, 2018 | 6.03 | 6.12 | 5.56 | 5.61 | 2,379,970 | 61,061,822 |
Sep 10, 2018 | 6.37 | 6.39 | 5.84 | 6.03 | 2,971,630 | 64,541,138 |
Sep 09, 2018 | 6.30 | 6.69 | 6.10 | 6.38 | 2,352,540 | 63,813,126 |
Sep 08, 2018 | 6.98 | 7.05 | 6.25 | 6.30 | 1,805,160 | 70,646,628 |
Sep 07, 2018 | 7.25 | 7.25 | 6.70 | 6.97 | 2,540,520 | 73,441,103 |
Sep 06, 2018 | 6.64 | 7.30 | 6.25 | 7.26 | 4,559,630 | 67,204,379 |
Sep 05, 2018 | 8.65 | 8.73 | 6.71 | 6.81 | 5,195,580 | 87,634,927 |
Sep 04, 2018 | 8.08 | 9.03 | 7.88 | 8.65 | 4,996,900 | 81,879,616 |
Sep 03, 2018 | 7.45 | 8.30 | 7.32 | 8.08 | 4,770,340 | 75,449,037 |
Sep 02, 2018 | 7.61 | 7.77 | 7.22 | 7.43 | 3,140,960 | 77,094,124 |
Sep 01, 2018 | 7.10 | 7.86 | 7.00 | 7.62 | 3,552,030 | 71,871,174 |
Aug 31, 2018 | 6.63 | 7.28 | 6.54 | 7.08 | 3,102,030 | 67,151,046 |
Aug 30, 2018 | 6.81 | 6.86 | 6.30 | 6.64 | 2,401,050 | 68,982,019 |
Aug 29, 2018 | 7.54 | 7.54 | 6.55 | 6.82 | 3,176,990 | 76,355,792 |
Aug 28, 2018 | 6.89 | 7.74 | 6.74 | 7.55 | 4,774,650 | 69,752,068 |
Aug 27, 2018 | 5.75 | 6.99 | 5.68 | 6.90 | 4,744,540 | 58,196,183 |
Aug 26, 2018 | 5.63 | 5.77 | 5.35 | 5.73 | 2,260,000 | 57,027,331 |
Aug 25, 2018 | 5.66 | 5.66 | 5.32 | 5.64 | 2,449,820 | 57,364,905 |
Aug 24, 2018 | 5.65 | 6.25 | 5.33 | 5.68 | 4,275,850 | 57,246,068 |
Aug 23, 2018 | 4.69 | 5.69 | 4.58 | 5.60 | 3,089,150 | 47,485,447 |
Aug 22, 2018 | 5.02 | 5.39 | 4.59 | 4.69 | 1,932,620 | 50,881,785 |
Aug 21, 2018 | 4.87 | 5.13 | 4.85 | 5.02 | 1,794,920 | 49,276,436 |
Aug 20, 2018 | 5.50 | 5.59 | 4.87 | 4.87 | 1,638,120 | 55,679,206 |
Aug 19, 2018 | 5.14 | 5.64 | 5.04 | 5.50 | 2,198,590 | 52,108,056 |
Aug 18, 2018 | 5.85 | 6.00 | 4.76 | 5.15 | 2,811,240 | 59,281,072 |
Aug 17, 2018 | 4.21 | 6.05 | 4.21 | 5.86 | 3,994,180 | 42,625,976 |
Aug 16, 2018 | 4.13 | 4.45 | 4.06 | 4.21 | 2,502,140 | 41,788,120 |
Aug 15, 2018 | 4.20 | 4.35 | 3.99 | 4.02 | 2,714,830 | 42,572,560 |
Aug 14, 2018 | 4.13 | 4.15 | 3.65 | 4.15 | 2,676,590 | 41,791,481 |
Aug 13, 2018 | 5.00 | 5.07 | 4.11 | 4.14 | 2,585,740 | 50,604,045 |
Aug 12, 2018 | 4.98 | 5.18 | 4.88 | 4.99 | 2,494,380 | 50,401,309 |
Aug 11, 2018 | 5.90 | 5.90 | 4.74 | 4.99 | 4,432,460 | 59,724,322 |
Aug 10, 2018 | 6.54 | 6.61 | 5.77 | 5.89 | 3,044,720 | 66,223,215 |
Aug 09, 2018 | 6.53 | 6.77 | 6.21 | 6.60 | 3,853,720 | 66,171,051 |
Aug 08, 2018 | 7.57 | 7.57 | 6.43 | 6.51 | 2,799,940 | 76,656,105 |
Aug 07, 2018 | 7.84 | 8.15 | 7.57 | 7.57 | 2,762,890 | 79,401,005 |
Aug 06, 2018 | 8.24 | 8.39 | 7.79 | 7.85 | 2,003,830 | 83,476,016 |
Aug 05, 2018 | 8.04 | 8.22 | 7.91 | 8.20 | 2,488,350 | 81,413,271 |
Aug 04, 2018 | 8.34 | 8.58 | 8.00 | 8.03 | 2,411,880 | 84,442,474 |
Aug 03, 2018 | 8.56 | 8.56 | 8.09 | 8.34 | 2,661,900 | 86,732,074 |
Aug 02, 2018 | 8.92 | 9.03 | 8.48 | 8.55 | 2,100,400 | 90,394,726 |
Aug 01, 2018 | 9.07 | 9.09 | 8.70 | 8.94 | 2,563,460 | 91,875,052 |
Jul 31, 2018 | 9.97 | 9.98 | 9.01 | 9.08 | 3,056,100 | 100,961,463 |
Jul 30, 2018 | 10.28 | 10.28 | 9.50 | 9.98 | 3,002,800 | 104,115,646 |
Jul 29, 2018 | 10.35 | 10.42 | 10.12 | 10.27 | 2,314,460 | 104,793,240 |
Jul 28, 2018 | 10.22 | 10.39 | 10.10 | 10.35 | 2,431,210 | 103,515,032 |
Jul 27, 2018 | 9.98 | 10.33 | 9.78 | 10.22 | 3,275,550 | 101,126,352 |
Jul 26, 2018 | 10.56 | 10.77 | 9.87 | 10.00 | 3,626,450 | 106,994,128 |
Jul 25, 2018 | 10.67 | 11.08 | 10.38 | 10.58 | 3,738,030 | 108,028,000 |
Jul 24, 2018 | 10.31 | 10.77 | 10.04 | 10.75 | 3,911,310 | 104,382,000 |
Jul 23, 2018 | 10.85 | 11.15 | 10.26 | 10.30 | 3,725,950 | 109,880,000 |
Jul 22, 2018 | 11.07 | 11.27 | 10.78 | 10.83 | 3,061,890 | 112,144,000 |
Jul 21, 2018 | 10.66 | 11.16 | 10.36 | 11.08 | 3,658,830 | 108,004,000 |
Jul 20, 2018 | 11.79 | 11.79 | 10.47 | 10.67 | 4,197,150 | 119,424,000 |
Jul 19, 2018 | 12.43 | 12.43 | 11.81 | 11.84 | 3,392,990 | 125,914,000 |
Jul 18, 2018 | 12.62 | 13.14 | 12.32 | 12.42 | 4,010,440 | 127,845,000 |
Jul 17, 2018 | 11.86 | 12.84 | 11.55 | 12.63 | 4,461,600 | 120,099,000 |
Jul 16, 2018 | 11.00 | 11.94 | 10.71 | 11.85 | 4,293,700 | 111,416,000 |
Jul 15, 2018 | 10.64 | 11.14 | 10.46 | 10.97 | 2,646,700 | 107,785,000 |
Jul 14, 2018 | 11.15 | 11.26 | 10.32 | 10.64 | 2,652,460 | 112,938,000 |
Jul 13, 2018 | 10.20 | 11.47 | 10.20 | 11.13 | 4,485,550 | 103,345,000 |
Jul 12, 2018 | 10.78 | 10.82 | 9.94 | 10.09 | 2,851,580 | 109,169,000 |
Jul 11, 2018 | 11.21 | 11.59 | 10.03 | 10.77 | 5,610,270 | 113,552,000 |
Jul 10, 2018 | 12.43 | 12.43 | 11.09 | 11.23 | 4,386,260 | 125,919,000 |
Jul 09, 2018 | 13.80 | 13.84 | 12.44 | 12.44 | 4,219,990 | 139,795,000 |
Jul 08, 2018 | 13.57 | 14.55 | 13.57 | 13.82 | 5,124,620 | 137,422,000 |
Jul 07, 2018 | 13.15 | 13.51 | 12.84 | 13.51 | 4,630,590 | 133,236,000 |
Jul 06, 2018 | 14.05 | 14.10 | 12.95 | 13.14 | 6,266,480 | 142,317,000 |
Jul 05, 2018 | 13.83 | 16.17 | 13.51 | 14.05 | 15,534,100 | 140,043,000 |
Jul 04, 2018 | 11.61 | 14.61 | 11.27 | 13.70 | 10,071,700 | 117,569,000 |
Jul 03, 2018 | 11.43 | 12.54 | 11.39 | 11.61 | 7,239,650 | 115,788,000 |
Jul 02, 2018 | 10.24 | 11.81 | 10.17 | 11.45 | 5,621,610 | 103,763,000 |
Jul 01, 2018 | 0.038439 | 0.038719 | 0.036936 | 0.037885 | 112,292,000 | 2,527,290,000 |
Jun 30, 2018 | 0.037279 | 0.040002 | 0.037172 | 0.038423 | 182,466,000 | 2,451,030,000 |
Jun 29, 2018 | 0.036566 | 0.037621 | 0.034706 | 0.037237 | 149,929,000 | 2,404,120,000 |
Jun 28, 2018 | 9.93 | 10.05 | 9.30 | 9.31 | 2,762,960 | 100,611,000 |
Jun 27, 2018 | 10.04 | 10.04 | 9.51 | 9.93 | 3,437,500 | 101,667,000 |
Jun 26, 2018 | 10.67 | 10.68 | 9.87 | 10.02 | 4,306,880 | 108,097,000 |
Jun 25, 2018 | 10.45 | 10.88 | 10.31 | 10.67 | 3,196,030 | 105,879,000 |
Jun 24, 2018 | 11.62 | 11.62 | 9.62 | 10.48 | 4,703,840 | 117,686,000 |
Jun 23, 2018 | 11.15 | 11.75 | 11.11 | 11.60 | 3,597,740 | 112,963,000 |
Jun 22, 2018 | 13.14 | 13.16 | 10.83 | 11.13 | 4,319,430 | 133,058,000 |
Jun 21, 2018 | 13.65 | 13.71 | 13.00 | 13.12 | 3,641,570 | 138,208,000 |
Jun 20, 2018 | 14.12 | 14.14 | 13.19 | 13.61 | 4,087,090 | 142,998,000 |
Jun 19, 2018 | 13.82 | 14.24 | 13.74 | 14.12 | 3,733,200 | 140,017,000 |
Jun 18, 2018 | 13.39 | 13.94 | 12.96 | 13.85 | 3,344,820 | 135,648,000 |
Jun 17, 2018 | 13.49 | 13.66 | 13.08 | 13.42 | 3,587,570 | 136,655,000 |
Jun 16, 2018 | 13.3 | 13.72 | 12.83 | 13.56 | 3,733,410 | 134,749,000 |
Jun 15, 2018 | 14.43 | 14.43 | 13.26 | 13.34 | 3,887,320 | 146,138,000 |
Jun 14, 2018 | 13.28 | 14.54 | 12.88 | 14.42 | 3,623,090 | 134,495,000 |
Jun 13, 2018 | 14.34 | 14.39 | 12.49 | 13.29 | 3,593,630 | 145,191,000 |
Jun 12, 2018 | 15.39 | 15.98 | 14.18 | 14.29 | 3,531,100 | 155,853,000 |
Jun 11, 2018 | 15.61 | 15.69 | 14.84 | 15.37 | 3,595,270 | 158,132,000 |
Jun 10, 2018 | 18.23 | 18.23 | 15.53 | 15.58 | 3,865,920 | 184,608,000 |
Jun 09, 2018 | 18.93 | 19.04 | 18.24 | 18.24 | 3,903,920 | 191,769,000 |
Jun 08, 2018 | 19.53 | 19.6 | 18.95 | 19 | 3,873,710 | 197,829,000 |
Jun 07, 2018 | 19.94 | 20.36 | 19.41 | 19.52 | 4,552,530 | 201,957,000 |
Jun 06, 2018 | 19.61 | 20.04 | 19.29 | 19.95 | 4,858,780 | 198,615,000 |
Jun 05, 2018 | 19.33 | 19.65 | 18.48 | 19.63 | 5,854,810 | 195,796,000 |
Jun 04, 2018 | 21.23 | 21.53 | 19.25 | 19.34 | 5,813,130 | 215,025,000 |
Jun 03, 2018 | 21.02 | 21.49 | 20.92 | 21.25 | 4,791,900 | 212,868,000 |
Jun 02, 2018 | 20.49 | 21.34 | 20.25 | 21.03 | 5,123,540 | 207,568,000 |
Jun 01, 2018 | 20.64 | 20.97 | 20.03 | 20.45 | 4,854,040 | 209,040,000 |
May 31, 2018 | 18.8 | 21.73 | 18.74 | 20.6 | 7,291,800 | 190,398,000 |
May 30, 2018 | 18.75 | 19.46 | 18.45 | 18.86 | 5,002,660 | 189,920,000 |
May 29, 2018 | 17.42 | 18.99 | 17.39 | 18.72 | 4,481,640 | 176,467,000 |
May 28, 2018 | 18.31 | 18.46 | 17.27 | 17.43 | 4,071,520 | 185,411,000 |
May 27, 2018 | 18.69 | 18.7 | 18.27 | 18.34 | 3,966,420 | 189,342,000 |
May 26, 2018 | 18.8 | 19.32 | 18.44 | 18.67 | 3,863,350 | 190,443,000 |
May 25, 2018 | 19.63 | 20.17 | 18.49 | 18.82 | 4,211,460 | 198,808,000 |
May 24, 2018 | 18.67 | 19.81 | 18.28 | 19.58 | 5,002,160 | 189,082,000 |
Gas Cryptocurrency Recent News and Development
- Considering the price of Gas token, as of early November 2018, it was seen being valued at levels close to $5. The same, in the months of April and May, was seen trading at levels varying from $28 - $35.
- The fall in the price of the cryptocurrency has been driven by a combination of factors - the general decline in interest in the cryptocurrency space, crackdown by regulatory authorities across the world, and a phenomenal rise in the number of digital currencies.
- Gas tokens incurred their best run in the month of January - right around the same time as the 'boom' in the cryptocurrency space. With popular currencies like Ethereum, Bitcoin, and Ripple gaining, Gas too, was one of the many altcoins that benefited from the surge. The token crossed the $75 mark in mid-January, thus reaching its all-time high.
- Despite this phenomenal run, the cryptocurrency was not immune to extreme volatilities. Shortly after reaching this high, the token crashed and lost all of its gains in the subsequent weeks. By March, it was back to its previous levels at $20 and it continued to decline further.
Risks associated with GAS coins
The risks associated with GAS coins are common to all cryptocurrencies. The table containing the historical data for the price trends should give an idea of the level of volatility of the currency. The fluctuation in a day has sometimes been over 100% and sometimes 0%. There really is no way to predict which way the market will swing. Due to this, it is riskier than other conventional investments. In addition, governments are introducing stringent laws against cryptocurrencies or even completely banning them. This has caused a lot of confusion in this market.
Instead, when considering investments for the long-term, it is advisable to look at traditional avenues like mutual funds. It is strongly recommended that one look at proven mutual funds that have shown a good return on investment over a period of time. Investing a little amount every month in such mutual funds would show a better return compared to the chance that one will have to take with cryptocurrencies.
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