In the past couple of days, the price of GAS jumped from ~$8 to a high of ~$17.
This was following Palm Beach Confidential's recommendation to buy GAS up to $30.
In their article, they go over some critical points as to why it is "the most undervalued crypto asset in the world":
- Similar to Ethereum, with a different consensus protocol (Delegated Byzantine Fault Tolerance), NEO is also focused on China's immerging blockchain market.
- NEO is poised to become the de facto blockchain operation system for Chinese developers.
- GAS is fuel - used to purchase computational power - on NEO's blockchain.
- Despite China's recent regulations, evidence suggests those regulations are only temporary.
- In addition, NEO appears to be a project the government can trust - with built-in compliance APIs that adhere to China's tough anti-money laundering (AML) and Know Your Customer (KYC) laws.
- Once demand for China's blockchain increases, similar to Ethereum announcing Enterprise Ethereum Alliance (EEA), the price of GAS will also increase dramatically.
- GAS is an even rarer asset than Ether.
- NEO could become a state-sponsored blockchain platform - leading to increased demand.
In the words of Warren Buffet, "Be greedy when others are fearful."
Read Palm Beach Confidential's article here