$GAS
During a bull market, GAS could see a significant price surge, driven by increased activity on the Neo blockchain, growing demand for its utility, and speculative investments. While it's challenging to predict exact numbers, here are potential drivers for a price increase:
Factors Influencing $GAS Price in a Bull Market:
1. Increased Network Usage: More transactions and smart contract executions lead to higher GAS demand.
2. Scarcity: With a capped supply of 100 million tokens, demand surges can drive prices higher.
3. Ecosystem Growth: Expansion of Neo’s dApps, partnerships, or new use cases for $GAS.
4. Market Sentiment: In a bull run, speculative trading can amplify price movements.
Speculative Outlook:
If a strong bull market occurs, GAS could potentially revisit previous highs or even surpass them, especially if Neo gains broader adoption. For reference it reached an all-time high of around $86.78 in January 2018 during the last major bull market. However, achieving such levels again would depend on Neo's competitiveness and broader crypto market trends.