Since Gas is a vital part of the NEO blockchain, there are many positive speculations regarding GAS and its potential to rise.
NEO 3.0 is essentially getting developed to resolve problems concerning scalability, privacy, efficiency, transactions per second (TPS) and so on. NEO co-founder Erik Zhang revealed that NEO 3.0’s goal is to support commercial applications on the blockchain, and although a date on its launch is yet to be determined, one thing is clear that it’ll address the platform’s stability and scalability. This in itself is a big development and might give GAS a major boost. Longer term price predictions see GAS potential reach $27 in the longer term.
Short term support & resistance Technical Analysis levels can be referenced on the chart.