Gas

Last modified on 11. October 2020

Quick Facts

Gas is a relatively large cryptocurrency. Boasting a market capitalization of over US$ 16.1 million on 1 October 2020, it had captured less than 0.01 percent of the digital currency market.^1|2 The ticker symbol is also GAS, so the same but in capital letters.

In August 2017, coinmarketcap.com launched the tracking of real-time Gas trading data.

neo.org

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, the average trading volume of Gas during the first trimester of 2019 equated to nearly US$ 2.2 m per day. This figure came to over US$ 15.3 m during the same period in the previous year. The trading volume dropped by 85.7 percent accordingly.

For the first trimester of 2019, the average market capitalization was over US$ 24 m. This figure came to nearly US$ 383 m during the same time frame in the previous year. The corresponding downward retracement of market capitalization equated to 93.7 percent.

Trading Price

In the first trimester of 2019, the average trading price was just above US$ 2.46. In the same time frame of 2018, this figure came to over US$ 43.5. The price dropped accordingly by 94.3 percent.

The all-time high of Gas in 2018

The Gas currency reached a peak in January 2018 at just under US$ 97.5. At this trading price, the token reached a market capitalization of over US$ 786 million. This put Gas in the ballpark of certain other digital currencies, such as 0x, Komodo, DigiByte, Golem and Veritaseum, among others.

Gas’ all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 232 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 901 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 111 billion.

• Gas (GAS): 0.786 bn US dollars
• Bitcoin (BTC): 232 bn US dollars
• Apple (AAPL): 901 bn US dollars
• VW (VWAGY): 111 bn US dollars
• Date: 15 January 2018

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Gas stood at US$ 2.51 with a market capitalization of nearly US$ 24.9 million. Compared with the peak trading price stated above, this represents a decline down to approximately 2.6 percent.

Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.

More Details

The Gas-Token is not a native cryptocurrency and is not created through mining. Its maximum number of tokens is exactly one hundred million US dollars.

Current Gas transactions can be tracked using this block explorer, which also displays block height and other real-time metrics.

To delve deeper into the world of Gas, download the white paper or find more links to community forums, source code and social media accounts, visit neo.org.

Markets

EUR

The trading platforms for buying or selling Gas in EUR are Bitvavo and CEX.IO.

USD

There are a number of platforms where you can buy or sell Gas, including ProBit Exchange, OKEx and EXMO, among others.

BTC

A large market for buying or selling Gas in BTC is Binance. Additional trading platforms for buying or selling Gas in BTC are OKEx, CoinHe and CoinEx, among others.

Social Links

You can get in touch with the Gas team directly by going to the following social media channel:

• Twitter (@neo_blockchain)

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^{1. This figure changes to 0.0109 percent when taking Bitcoin out of the equation.}

^{2. Read about our sources}