GAS more rare than NEO. Undervalued?
Hey guys, new here, first post
What are your thoughts on GAS?
Market cap is low at ~93 million, and it takes 1 NEO about 20 years to generate 1 GAS. That makes GAS much more scarce then NEO and potentially more valuable.
Coinmarket cap has circulating supply at 2,927,312 GAS vs 50,000,000 NEO.
While all the attention is focused on NEO, GAS has gone up even more % this week than NEO, and has even more potential to grow due to low market cap.
Thanks for sharing...
your Welcome my friend...
I don't know much about NEO but isn't GAS designed to pay transaction fees for NEO? Not really a currency that should hold good value imo.
Take a look at it's Market cap at ~93 million Bro...
I understand that NEO is a similar platform to Ethereum. On the Ethereum platform, Ether is the currency for their smart contracts. Etherereum doesn't have it's own tokens; only Ether.
NEO tokens are like having stock in the company that runs the platform. All those using the platform will require GAS tokens. So GAS is really the equivalent of Ether/Ethereum. NEO is the Chinese version of Ethereum and complies with all of the Chinese laws.
I like your thinking here and GAS is really much newer than NEO/ANS. My thinking is that GAS has more potential at this point than NEO and NEO is predicted by many to go up a lot more.
You don't read too much about GAS now, but it's still very early.
Correct my Friend...
You have it all... My tip right now is to accumulate more Gas as possible.
Then latter reconvert it back to Neo When Neo will be tuning on full regime n people come to released Gas more important as Neo.