{"id":519272,"date":"2023-02-10T13:50:11","date_gmt":"2023-02-10T13:50:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=519272"},"modified":"2023-02-10T12:58:12","modified_gmt":"2023-02-10T12:58:12","slug":"altcoin-surprises-investors","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/altcoin-surprises-investors\/","title":{"rendered":"This Altcoin Surprises Investors With 76% Gains In The Last 24 Hours – Find Out Here"},"content":{"rendered":"
Last month saw many surprises which took the cryptocurrency industry by storm. This “love month”, an altcoin is surprising investors with a sudden spurt in price. <\/span><\/p>\n GAS, one of the native tokens of the Neo Blockchain ecosystem, has <\/span>jumped<\/span><\/a> by more than 76% in the daily time frame, at the time of writing.\u00a0<\/span><\/p>\n According to CoinGecko, this made the token outperform the broader crypto market by 5% as major cryptocurrencies like Bitcoin and Ethereum <\/span>slump<\/span><\/a> due to their respective resistances. <\/span><\/p>\n The recent bullish price movement of GAS can be attributed to Neo\u2019s take on Web3 development.\u00a0<\/span><\/p>\n According to their <\/span>website<\/span><\/a>, Neo is built with one thing in mind: to create a solid foundation for the next-generation internet. For the community-driven protocol to make this vision a reality, it devised a <\/span>two token system<\/span><\/a> for the ecosystem to thrive. NEO and GAS work together to bring a streamlined user experience on-chain.\u00a0<\/span><\/p>\n NEO is the ecosystem\u2019s governance token, designed to be used in staking and in voting for changes to be implemented. Limited to a total supply of 100 million, this would be the backbone in which Neo\u2019s innovative blockchain would be built upon.\u00a0<\/span><\/p>\n $gas<\/a> just did 300% today :). what a green dildo!! so soooooo happy, and took profits .. 2yrs accumulating this coin (along with $neo<\/a> \/ $gas<\/a>) …. very happy for todays move! pic.twitter.com\/yDwMxyPMDX<\/a><\/p>\n \u2014 Jose Fajardo \ud83c\uddfa\ud83c\udde6 (@josefajardo) February 9, 2023<\/a><\/p><\/blockquote>\n Once the NEO token is staked, the user is eligible to receive GAS in return. This token is Neo\u2019s utility token, used in daily transactions on the blockchain. For every block mined on the blockchain, five GAS tokens would be minted that will be distributed to beneficiaries of the network.\u00a0<\/span><\/p>\n At the time of writing, the token has been rejected at $8.587 which is inevitable as investors would start exhibiting profit taking attitudes in the short term. With <\/span>Twitter users<\/span><\/a> being overly bullish in the short term of the token, investor sentiment at the moment is quite euphoric.<\/span><\/p>\nNeo\u2019s Two-Token System: How Does It Work?\u00a0<\/strong><\/h2>\n
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GAS At $4.84 – Can The Token Hold Out?\u00a0<\/strong><\/h2>\n