Within the newest information for GAS Crypto, GAS value are pumping arduous with a +11% achieve forward of NEO ‘Escape the Matrix’ occasion – which can see crypto merchants compete in opposition to a NEO X AI Agent for the possibility to win a slice of a $30K prize pool.
Nicknamed ‘Chinese language Ethereum’ within the crypto market, NEO
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is now an OG blockchain – having been the primary accredited by regulators in China, and with a formidable market share within the Asia blockchain growth enviornment.
Early in 2024, curiosity in GAS crypto exploded after the NEO Basis introduced the launch of ‘sidechains’—which might allow fast and low-cost scaling on the NEO blockchain (in a Polkadot-like response to Ethereum 2.0). Importantly, this lastly gave much-needed utility to NEO’s emissions token.
For a quick interval, the value of GAS
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exploded even greater than that of the native NEO token. Sensible cash buyers took benefit of this chance to stack underpriced NEO to generate extra GAS.
Now, a yr later, NEO’s sidechain mission (the EVM-compatible NEO X) is prepared for the bull market, and to kick it off, NEO builders are taking intention proper on the coronary heart of the crypto neighborhood and the present love affair with AI agent crypto projects.
Theme: (Escape the Matrix) occasion will kick begin quickly, be prepared for Jan ninth. Mark the date, and be sure to put together to problem the longer term. @Neo_Blockchain $Neo $Gas pic.twitter.com/bVlMl13jGA
— P Neo65
(@Queenofs72) January 8, 2025
What’s NEO X ‘Escape From The Matrix’? And How Can I Win a Share of $30K?
Escape From The Matrix is a brand new occasion from the NEO Basis, launching tomorrow, which seeks to repeat the success of AI agent crypto tasks resembling Fresya AI – by creating thrilling participant vs AI agent video games on-chain.
“Gamers will expertise multi-AI agent interactions, puzzle-solving mechanics, AI-assisted multi-layer encryption verification, automated duties, and asset distribution — offering a enjoyable and interesting problem,” claims the NEO release.
With the said objective of motivating early adoption and engagement with AI agent growth on NEO, the Basis has backed the event with a $30K prize pool, which is ready to develop as participant charges accumulate.
This places so much at stake, as the primary participant to finish all challenges throughout the outlined interval will obtain 80% of all the prize pool (simply so , it kicks off at 12PM UTC tomorrow!).
Moreover, in a humble transfer, the NEO Basis is donating 20% of the prize pool to the unique Freysa AI developer as a tip of the hat for the concept.
To hitch the competitors, gamers must bridge to NEO X (so prepare upfront) and bear in mind there are simply 3 ways to win:
There are 3 steps in Escape the Matrix.
- Step 1: Defeat Agent Smith
- Step 2: Search steerage from Morpheus
- Step 3: Face the Oracle
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GAS Value Evaluation: How Excessive Will GAS Crypto Rally As Consideration Turns to NEO X?
On the time of writing, GAS Crypto was at the moment buying and selling at a market value of $5.40 (representing a 24-hour change of +11%).
This follows a gentle consolidation over the previous month, which has seen GAS value discover assist across the $4.7 mark within the aftermath of a giant value correction from the newest excessive at $7.75.
(GASUSDT)
Critically, within the midst of this month-long consolidation interval, the GAS value was in a position to reclaim a foothold above the 20DMA, which is now offering an area stage of ascendant assist as GAS crypto assessments market confidence above $5.
The 20DMA additionally showcases the resilience of the current value consolidation. Regardless of a serious retracement transfer, the MA remained above the 200DMA, avoiding a bearish reversal of the golden cross that appeared in mid-November.
On the short-time body, the upside transfer has seen the RSI spring into life, though the important thing indicator stays comparatively cooled off at current ranges (55.9) with upside capability remaining. This implies a value transfer as much as greater assist at $6.6 isn’t off the desk simply but.
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