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 <p>An under-the-radar altcoin has exploded by more than 711% in the past two weeks amid a couple of new perpetual contract listings and a favorable crypto market environment.</p>
 <p>Gas (GAS), the utility token for the smart contract platform NEO (NEO), is trading at $23.14 at time of writing, up from $2.85 two weeks ago.</p>
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 <p>The 138th-ranked crypto asset by market cap is also up nearly 45% in the past 24 hours and more than 272% in the past seven days.</p>
 <p>In late October, BitMEX, a Seychelles-based crypto exchange, listed a new GAS perpetual contract that is margined in top stablecoin USDT and offers up to 10x leverage.</p>
 <p>On Wednesday, the decentralized exchange (DEX) Demex also rolled out a new GAS perpetual contract with up to 10x leverage.</p>
 <p>The NEO blockchain is unique because it utilizes two native assets: GAS, which the network charges for the operation and storage of tokens and smart contracts, and NEO, the project’s governance token.</p>
 <p>NEO has surged recently but hasn’t enjoyed the same level of gains as GAS: The 56th-ranked crypto asset by market cap is trading at $12.66 at time of writing and is up around 62% in the past two weeks.</p>
 <p>The overall crypto market cap is up around 12% in the same period.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/under-the-radar-altcoin-explodes-by-more-than-711-in-the-past-two-weeks-amid-new-perpetual-contract-listings-tbt69907.html">https://thebittimes.com/under-the-radar-altcoin-explodes-by-more-than-711-in-the-past-two-weeks-amid-new-perpetual-contract-listings-tbt69907.html</a></p>

Under-the-Radar Altcoin Explodes by More Than 711% in the Past Two Weeks Amid New Perpetual Contract Listings

TheBitTimes

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