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An under-the-radar altcoin has exploded by greater than 711% prior to now two weeks amid a few new perpetual contract listings and a positive crypto market surroundings.
Gasoline (GAS), the utility token for the good 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% prior to now 24 hours and greater than 272% prior to now seven days.
In late October, BitMEX, a Seychelles-based crypto alternate, 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 alternate (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 property: GAS, which the community prices for the operation and storage of tokens and good contracts, and NEO, the venture’s governance token.
NEO has surged just lately however hasn’t loved the identical stage 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% prior to now two weeks.
The general crypto market cap is up round 12% in the identical interval.
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