8 Reasons You Should Be Buying GAS - Palm Beach Confidential [UPDATE]
In the past couple of days, the price of GAS jumped from ~$8 to a high of ~$17.
This was following Palm Beach Confidential's recommendation to buy GAS up to $30.
In their article, they go over some critical points as to why it is "the most undervalued crypto asset in the world":
- Similar to Ethereum, with a different consensus protocol (Delegated Byzantine Fault Tolerance), NEO is also focused on China's immerging blockchain market.
- NEO is poised to become the de facto blockchain operation system for Chinese developers.
- GAS is fuel - used to purchase computational power - on NEO's blockchain.
- Despite China's recent regulations, evidence suggests those regulations are only temporary.
- In addition, NEO appears to be a project the government can trust - with built-in compliance APIs that adhere to China's tough anti-money laundering (AML) and Know Your Customer (KYC) laws.
- Once demand for China's blockchain increases, similar to Ethereum announcing Enterprise Ethereum Alliance (EEA), the price of GAS will also increase dramatically.
- GAS is an even rarer asset than Ether.
- NEO could become a state-sponsored blockchain platform - leading to increased demand.
In the words of Warren Buffet, "Be greedy when others are fearful."
Read Palm Beach Confidential's article here
Its interesting how GAS jumped up but NEO didn't.