$GAS is also known as NEO GAS and was designed to control the Neo network. Neo has two different coins. The first coin is the main cryptocurrency NEO and the other is NeoGas, also known as GAS. In addition, both cryptocurrencies have a limit of 100 million coins. The GAS cryptocurrency is used to control the managementās rights to the NEO coin. These rights include, for example, accounting reconciliation and changes to network parameters. It is also planned that the coins can be mined, but the function is currently not activated.
Every time a smart contract is fulfilled, the bookkeeping must be used, which is verified by the Blockchain technology. Companies on Neo blockchain must spend GAS to run their apps on the NEO system (e.g. smart contract registration fees) and this GAS is recycled back to the NEO holders AS WELL AS the newly generated GAS. So, as the Neo network grows and becomes more used and then the GAS produced by holding NEO will increase and increase.
what is it going to be for $ORDI - A 50% or over 100% bullish rally?
CryptoGuru12
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$BTC /USDT ā Eyeing the Next Move Above $110K?
Bitcoin ($BTC) is currently trading at $109,583.71, up +0.81% on the day. The 24-hour range shows a low of $108,331.03 and a high of $110,530.17, indicating a steady attempt to reclaim and hold above the crucial $110K psychological zone.
š Market Snapshot:
Current Price: $109,583
24h Volume: 21,167 BTC / 2.32B USDT
Trend: Gradual uptrend with low volatility
Resistance: $110,530 (24h high)
Support: $108,331 (24h low)
Whatās Next for BTC? If BTC can confidently break and hold above $110,530, we could see a continuation towards $112,000ā$113,500 in the short term. However, failure to push higher could trigger a retest of the $108,000ā$107,200 support region, especially if volume fades.
Quick Take: BTC is showing strength but needs a solid push above $110.5K to confirm breakout momentum. Traders should watch for increasing volume and a strong candle close above resistance before going long.
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