Why Did GAS Price Rise?- 18.01.2024

NeoGas (GAS) is a utility token specific to the Neo blockchain platform. Often referred to as the "Chinese Ethereum", NEO is a decentralized platform that facilitates the creation of smart contracts and the development of decentralized applications (DApps).

GAS is used to pay transaction fees on the NEO network. In addition, the NEO blockchain uses the GAS token in a way that is independent of the use of platform governance.

GAS, which has risen by 18% in the last 24 hours and traded at 215 liras, has attracted attention from the community with the rise in a short time. Many analysts interpret the price movement as a reaction after the price fell to support levels. It is estimated that this rise is accelerated by the positive developments in different projects in China, so the price has reached these points. It is thought that all these events may have affected the GAS price.