Gas Price Prediction 2019 – GAS as well as NEO are normally termed twins considering that they complement each other to flourish. This is making the holders of GAS to be equally holders of NEO. It is supported by the NEO platform as a cryptocurrency in order to anchor decentralized application payments as is the case of Ether on the Ethereum platform. For every processed block, GAS is produced at a rate of 0.00000008 GAS price per NEO. This is making GAS to be considered the currency in operating NEO platform. By holding NEO tokens, one attains the right to the shares and dividends in the form of GAS.
What is GAS?
This is a cryptocurrency which was developed together with NEO in order to facilitate decentralized payments of applications. It is therefore contributing to exercising of management on the NEO rights. It is allowing the indivisible NEO currency to be presented in terms of GAS currency. Fueling of smart contracts on the blockchain is based on GAS as the operational token. Currently the capping of both NEO and GAS is set at 100 million tokens divided in half for Initial Coin Offering and the other vested for one year.
With GAS price down by 17.04% today, it is trading at $2.4869. The current market cap is set at $25,188,152 and the circulation is 10,128,375. Within the past 24 hours, the price of GAS reached a peak of $3.4848 and the lower end was $2.3828.
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Prediction of Market for GAS by Experts
Being an important part of NEO, there are a lot of speculation on GAS especially concerning its projected rise in price as indicated by some of the following websites:
This is a prediction website for cryptocurrency which is suggesting that by the end of 2019, the price of GAS will hit $11.85 on the lower end. However, there are great possibilities of reaching as high as $17.43 according to the Trading Beasts.
Digital Coin Price
This site has gone ahead to forecast the price of GAS up to the year 2026 with the volatile factor in mind. Their prediction for GAS by the end of 2019 is set at $4.16 while by 2025 it goes higher to the level of $11.85.
This is one of the most optimistic sites about the future of GAS and has mentioned that GAS might reach a whooping figure of $73.43 by the end of 2019. To the point of 2020, their prediction is setting GAS at beyond $200.
This site has given a rather pessimistic view of GAS price and is forecasting a drop to $0.896 towards the end of 2019.
Our Verdict on GAS Crypto Price Prediction 2019
When the experts spoke about GAS during the NEO DevCon 2019 summit, the price of GAS rose by over 10% in a matter of one week. The advancements to NEO 3.0 is set to enhance the speed of transactions, scalability and privacy as well as efficiency. This will therefore, when launched, address in a better way both the stability and scalability of the platform. This kind of development is set to give GAS a better boost and by the end of 2019 the price might hit the coveted figure of $27.
GAS Coin Price Prediction 2019
The Byzantine Fault Tolerant protocol is anticipated to bring the better consensus mechanism for blockchain. Their office to be situated in Seattle will be headed by the former Microsoft boss. The future of GAS is therefore pegged on the eminent shift to digital platforms by most of the businesses thus fueling growth of both NEO and GAS cryptocurrency. To this end, it is projected that by the end of 2019, the price of GAS may increase up to 8 times that of the current price and reach the tune of $27.3.
2020 GAS Price Prediction
GAS is working on means of becoming developer friendly by all means. Its presence as well as uniqueness is principally felt by most crypto enthusiasts through the various conferences held world over. By manifold increase in adoption rate of GAS, it is expected to reach the tune of $50.295 by the end of the year 2020. This will allow NeoGas to come to the limelight of cryptocurrency.
GAS Price Future Prediction in 5 Years
It is expected that by the end of the next five years, GAS might be ranked among the top 20 cryptocurrencies in the world and possibly overtake NEO. Both user community adoption and dapps developed shall be behind the possibility of growth of GAS in the next five years. These are placing GAS to reach at least $68.487 on the conservative end and way above that optimistically.
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Whaleagent.club content should not be considered as an investing parameter and the user should do their own research before investing. Price prediction is based on the data collected from various sources.