An under-the-radar altcoin has exploded by greater than 711% previously two weeks amid a few new perpetual contract listings and a positive crypto market atmosphere.
Fuel (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 be up practically 45% previously 24 hours and greater than 272% previously 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 expenses for the operation and storage of tokens and good contracts, and NEO, the undertaking’s governance token.
NEO has surged not too long ago however hasn’t loved the identical degree of positive aspects 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.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Verify Price Action
Comply with us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in online marketing.
Generated Picture: Midjourney
