What is the maximum price of gas coins?
- WBOYOriginal
- 2024-07-05 11:32:57731browse
The highest increase in GAS coin was $487, which was recorded on May 12, 2021. Reasons for the surge include: Ethereum network congestion, DeFi and NFT craze, and Ethereum 2.0 delays. Factors that influence its price include transaction volume, congestion, market activity, upgrade progress and project adoption.
Highest Increase in GAS Coin
As of now (March 1, 2023), the highest increase recorded for GAS Coin was set on May 12, 2021, when its price reached $487.
Reasons for the surge in GAS coin prices
The main reasons for the surge in GAS coin prices are as follows:
- Congestion in the Ethereum network: Congestion in the Ethereum network has led to an increase in the demand for GAS coins, thus pushing up the price of GAS coins. its price.
- DeFi Craze: The rise of the DeFi (decentralized finance) craze in 2021 has led to a surge in demand for the Ethereum network, which in turn has pushed up the price of the GAS coin.
- NFT craze: The non-fungible token (NFT) craze has also put tremendous pressure on the Ethereum network, increasing demand for GAS coins and driving up its price.
- Ethereum 2.0 Delays: Delays in the Ethereum 2.0 upgrade are exacerbating network congestion, further pushing up the price of GAS coins.
Factors affecting the price of GAS currency
Factors affecting the price of GAS currency include:
- Ethereum network transaction volume
- Ethereum network congestion
- DeFi and NFT market activities
- Ethereum 2.0 upgrade progress
- Adoption of other Ethereum-based projects and applications
The price of Gas (GAS) has continued to fluctuate recently and is currently quoted at $3.32 with a 24-hour trading volume of $27 million. Over the past day, the value of GAS fell by 6.81%, reflecting the instability in the cryptocurrency market.
Despite the price drop, GAS still occupies an important position in the cryptocurrency space. As the native token of the NEO blockchain, it is the basis for blockchain smart contracts and application development. The circulating supply of GAS is approximately 65 million, the maximum supply is unknown, and the total supply is the same as the circulating supply, indicating that it has not yet been fully released.
Gas has a circulating market capitalization of approximately $216 million, ranking relatively high among all cryptocurrencies. Its price volatility may affect the health of the NEO ecosystem, as GAS is a necessary tool for using the platform’s applications and services. Investors and traders pay close attention to the price movement of GAS as its fluctuations can have an impact on the entire cryptocurrency market.
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