The live price of NeoGas (GAS) is currently $2.89, with a 24-hour trading volume of $61,049. Over the past day, GAS has surged by +9.37%, and its value has increased by +5.25% over the last week. With a circulating supply of 64,992,331 tokens, the market capitalization of NeoGas stands at $188.64 million, securing its position as the #140 cryptocurrency by market cap.
GAS is the utility token of the Neo blockchain, playing a critical role in network operations such as transaction fees, smart contract execution, and decentralized application (dApp) deployment. As the Neo ecosystem evolves and expands, so does the relevance and potential of GAS in the broader crypto landscape.
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Understanding NeoGas (GAS): Core Functionality and Ecosystem Role
Utility Token of the Neo Blockchain
NeoGas powers the Neo blockchain by enabling users to pay for transaction fees, smart contract deployment, and digital asset creation. Every action on the network—whether it's transferring assets or executing code—requires a small amount of GAS, making it indispensable for daily operations.
Unlike many speculative tokens, GAS derives its value from real-world usage within a functional blockchain ecosystem. As more developers build dApps on Neo and enterprises adopt its smart economy vision, demand for GAS is expected to grow organically.
Scarcity and Supply Dynamics
One of the key factors influencing GAS’s long-term potential is its limited supply. The maximum supply of GAS is capped at 100 million tokens, with approximately 65 million already in circulation. This built-in scarcity creates a deflationary pressure that could support price appreciation if demand continues to rise.
While the circulating supply increases gradually through staking rewards, the rate of issuance slows over time—a design feature intended to promote sustainability and long-term holder incentives.
Passive Income Through NEO Staking
Holders of NEO—the platform's governance token—can earn GAS passively by staking their holdings. This process doesn't require locking up funds or complex setups; simply holding NEO in a compatible wallet automatically generates GAS rewards over time.
This unique dual-token model strengthens network security by encouraging users to hold NEO rather than sell it immediately after acquisition. It also provides a steady income stream for investors without active trading.
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Market Performance and Historical Data
| Period | Price Change | Percentage Change |
|---|---|---|
| Today | +$0.2483 | +9.38% |
| 7 Days | +$0.145 | +5.27% |
| 30 Days | -$0.0576 | -1.95% |
| 3 Months | -$0.3812 | -11.63% |
Despite recent volatility, GAS has shown resilience amid broader market fluctuations. Its current price remains significantly below its all-time high of $97.49**, recorded during the 2018 bull run—a peak from which it is still down approximately 97%. However, it has recovered strongly from its all-time low of **$0.5991, representing a gain of over 380% since that point.
Market analysts note that while GAS hasn’t experienced explosive growth recently, steady development activity on the Neo network suggests underlying strength that could translate into future price momentum.
Frequently Asked Questions (FAQ)
What is NeoGas (GAS), and what is it used for?
NeoGas (GAS) is the utility token of the Neo blockchain. It is primarily used to pay for transaction fees, deploy smart contracts, and create digital assets on the network. Every interaction with the Neo blockchain consumes a small amount of GAS, ensuring network stability and preventing spam.
How can I earn GAS?
You can earn GAS by holding and staking NEO tokens in a compatible wallet such as Neon Wallet or Ledger. Unlike traditional staking models, there's no need to lock your assets—simply owning NEO generates GAS rewards automatically over time.
What is the maximum supply of GAS?
The maximum supply of NeoGas is capped at 100 million tokens. This finite supply introduces scarcity, which may contribute to upward price pressure as adoption increases.
Where can I store my GAS securely?
GAS can be stored in several ways:
- Custodial wallets like those offered by exchanges (e.g., OKX)
- Self-custody software wallets such as Neon Wallet or O3 Wallet
- Hardware wallets like Ledger Nano S/X for enhanced security
- Paper wallets for cold storage (advanced users only)
Always ensure your private keys are kept safe and never shared.
Can I convert GAS to fiat currency?
Yes, you can convert GAS to fiat currencies like USD, EUR, or GBP through major cryptocurrency exchanges. Simply trade your GAS for a stablecoin like USDT or directly into fiat using peer-to-peer (P2P) platforms or spot trading pairs.
Is GAS a good long-term investment?
GAS presents a compelling case for long-term investors due to its essential role in the Neo ecosystem, predictable issuance model, and passive income potential via NEO staking. However, as with any cryptocurrency, market risks exist. Investors should conduct thorough research and consider diversification strategies.
Future Outlook: What Could Drive GAS Price Growth?
Several catalysts could influence the future trajectory of GAS:
Increased Adoption of Neo dApps
As decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications gain traction on Neo, more users will require GAS for transactions and interactions. A growing developer community and improved developer tools can accelerate this adoption.
Network Upgrades and Scalability Improvements
Neo continues to roll out upgrades focused on scalability, interoperability, and energy efficiency. Enhancements like Neo N3 have already modernized the platform’s architecture, paving the way for enterprise-grade use cases.
Broader Market Sentiment
Like all cryptocurrencies, GAS is affected by macro trends in the crypto market. A bullish shift in investor sentiment—driven by regulatory clarity, institutional adoption, or favorable economic conditions—could boost demand across the board, including for utility tokens like GAS.
Final Thoughts: Monitoring GAS Price Trends
While NeoGas may not dominate headlines like Bitcoin or Ethereum, its foundational role within the Neo ecosystem makes it a noteworthy asset for both technical users and strategic investors. With consistent development progress, a clear utility function, and opportunities for passive income, GAS offers a balanced mix of functionality and investment potential.
Whether you're tracking the GAS price live, exploring staking options, or evaluating its place in a diversified portfolio, staying informed about ecosystem developments and market trends is crucial.
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