Gas Price prediction – Will GAS reach $17 in 2021?

This GAS (GAS) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our GAS  price analysis and prediction.

The crypto world is composed of many crypto enthusiasts and experts that believe in the potential of cryptocurrency this year. In fact, many cryptocurrencies in the crypto market are now skyrocketing towards the moon. For example, Gas (GAS) crypto, this digital asset, has achieved an increased rate of almost +1000% in the past year.

GAS is one of the two native digital currencies of the NEO platform when it comes to network technology. As a result, GAS serves as a fuel token for the transactions and activities in the NEO platform. Also, GAS tokens are used to prioritize all the transactions and smart contracts inside the NEO blockchain with no eligible identities. Truly, a seamless way to fast-track activities inside the NEO network.

What is GAS?

GAS is one of the two cryptocurrencies in the NEO network. Furthermore, GAS serves as the payment for fees charged on the NEO network. For example, it covers the operation and storage of tokens and smart contracts in the NEO network.

On the other hand, GAS cryptocurrency does not function as payment for the fees alone; GAS can also be traded on a the crypto exchanges. These exchanges include Binance, HitBTC, and Digifinex, to name some.

Now that you already have an idea about what GAS cryptocurrency is, do you think GAS is a good investment this year? If you are already excited to know, join me, and together let us check this GAS price analysis article.

Gas Current Market Status

As of the time of writing this Gas price analysis, GAS trades at $6.69 with a 24-hour trading volume of $61,812,679, according to CoinMarketCap. The price of GAS has increased by 7.7% in the last 24 hours.

Furthermore, GAS has a current circulating supply of 10,128,375.11 GAS. Currently, the top cryptocurrency exchanges for GAS are Binance, OKEx, Huobi Global, Upbit, and HitBTC.

Now, let’s proceed to the next part of this GAS technical analysis for 2021.

Gas Price Analysis 2021

Currently, Gas holds 341st place on CoinMarketCap. But will the latest upgrades, development, and changes in the GAS blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this GAS price prediction 2021 article.

In the daily frame chart shown above, we can see the Falling Wedge Pattern. Moreover, this could immediately lead to a price breakout. Moreover, the falling wedges slide down and contain a bullish bias.

More so, this bullish bias cannot be analyzed till a resistance breakout occurs. As a continuation pattern, the falling wedge will slide down further, however, the slope would stay against the predominant upward signal. As a reversal pattern, the falling wedge slopes up and with the predominant trend.

The Relative Strength Index (RSI) is at 53.35, which means that GAS is in neither overbought nor oversold state. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of GAS.

Since the start of 2021, GAS’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, GAS has a competitive market this 2021.

Gas Price Prediction 2021

The chart below shows that Gas has performed great over the past few days. If this trend continues, GAS might run along with the bulls, overtaking its $14.12 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone GAS from its uptrend position. In simpler terms, the price of GAS might plummet to almost $3, a bearish signal.

Meanwhile, our long-term GAS price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Gas Price Prediction 2022

If this bullish trend continues, Gas will reach $20 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $22. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $20 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Gas Price Prediction 2023

If GAS holds the support level around 200-MA, the long term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $30, making it not plummet but play consistently.

Gas Price Prediction 2024

As per the latest upgrades, developments, GAS price prediction, and new project forecasts of the platform, GAS investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of GAS in the crypto market, and it will be the best investment as the price can spike and reach around $38.

Gas Price Prediction 2025

In the next four years, GAS price could race up to $45. However, reaching this level could not be so difficult for GAS as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GAS has a high possibility of reaching new ATH soon in the next five years as per the prediction.

Conclusion

Gas has a bright future ahead of it in 2021. With the ongoing developments happening within the GAS ecosystem, as well as in the overall crypto market, we may see GAS reach new heights.

Bullish GAS price prediction 2021 is $14.12. As said above, it may even reach $17.98 if investors have decided that GAS is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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