GAS- upto 32 from 8 from Sep 21

[samy_voc]

GAS has gone up from USD 8 to 32.  Any reason why it is gone up so quick?

It was dormant all September due to ghost month and folks in the site said the Chinese investors will not  venture in market during the period.
Any big news. or is it just because NEO  is going up the GAS is also having a ride up as it Oct and Chinese investors ready to buy now?

[handschi]

network is hungry

[Cicada1033]

Several reasons:

- Some people think gas is going to be more expensive then neo once the network is in use

- Gas is listed on Poloniex but neo is not. People are really hungry for neo but neo not being listed they buy gas instead.

[Filmmmakerr]

GAS has a smaller total supply count than NEO so accumulating GAS is probably a good idea.

[Lovetrading]

Can someone elaborate on the difference between NEO & GAS? BTW, they share the same website , I could not find info regarding GAS.

[hua_hui]

There is 2 class of people in the neo community. One community say that neo is more valuable because that is the basic of building block for gas. So with more neo, you will get more gas so you can profit more. On the other hand, some believe that gas is the fundamental ecosystem for neo as gas is needed for transaction like for ico, spending, and even masternode. And the generation of gas is very slow, so the demanding is increasing but the supply very limited with the extremely small growth. Nevertheless, both agreed that gas will be tight quite closely with neo price.

[Poink]

Can someone elaborate on the difference between NEO & GAS? BTW, they share the same website , I could not find info regarding GAS.

An analogy,

Say Toyota is NEO.  If you buy a Corolla (like RPX to NEO)...you will need GAS to run it.

Gas is consumable while NEO is not.  IF NEO get traction and become a hit like ETH, all those tokens that run using NEO platform/engine will use GAS.  Imagine the competition for that limited supply and how much developers/users will pay for it if that happens.

[Lovetrading]

Can someone elaborate on the difference between NEO & GAS? BTW, they share the same website , I could not find info regarding GAS.

An analogy,

Say Toyota is NEO.  If you buy a Corolla (like RPX to NEO)...you will need GAS to run it.

Gas is consumable while NEO is not.  IF NEO get traction and becomes a hit like ETH, all those tokens that run using NEO platform/engine will use GAS.  Imagine the competition for that limited supply and how much developers/users will pay for it if that happens.

Thanks for the reply. So since NEO has a larger coin supply, GAS price might become higher than NEO.

If my above statement is correct, I might need to change my buying strategy!

[Forward_Thinking]

Thanks for the explanation. I'm new to NEO and still don't understand why it pays GAS - but I like it.

[wartywarlock]

GAS and NEO both are very speculative coins. I don't prefer to keep them.

[Amalker]

A big amount of GAS will be need for create a smart contracts on NEO blockchain. Now, when price of GAS is yet cheap, it buy for the future.

[adam1230]

GAS is too valotile for me. I like safe and stable coins. Yes it gives some good profit when you are on right side but there too much risk for me.
I like safe heavens. Too Valotile markets are not created for me.