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 surroundings.
Fuel (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 be up almost 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 affords 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 property: GAS, which the community expenses for the operation and storage of tokens and sensible 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% previously two weeks.
The general crypto market cap is up round 12% in the identical interval.
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