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An under-the-radar altcoin has exploded by greater than 711% previously two weeks amid a few new perpetual contract listings and a good crypto market setting.
Gasoline (GAS), the utility token for the sensible contract platform NEO (NEO), is buying and selling at $23.14 at time of writing, up from $2.85 two weeks in the past.
The 138th-ranked crypto asset by market cap can also be up practically 45% previously 24 hours and greater than 272% previously seven days.
In late October, BitMEX, a Seychelles-based crypto trade, listed a brand new GAS perpetual contract that’s margined in prime stablecoin USDT and gives as much as 10x leverage.
On Wednesday, the decentralized trade (DEX) Demex additionally rolled out a brand new GAS perpetual contract with as much as 10x leverage.
The NEO blockchain is exclusive as a result of it makes use of two native belongings: GAS, which the community costs for the operation and storage of tokens and sensible contracts, and NEO, the mission’s governance token.
NEO has surged not too long ago however hasn’t loved the identical degree of features as GAS: The 56th-ranked crypto asset by market cap is buying and selling at $12.66 at time of writing and is up round 62% previously two weeks.
The general crypto market cap is up round 12% in the identical interval.
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