{"id":88752,"date":"2023-11-25T16:10:45","date_gmt":"2023-11-25T21:10:45","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-gas-neo-gas-price-soars-11-5-as-viral-meme-coin-mk-secures-2-million-next-shib-or-doge\/"},"modified":"2023-11-25T16:10:47","modified_gmt":"2023-11-25T21:10:47","slug":"is-it-too-late-to-buy-gas-neo-gas-price-soars-11-5-as-viral-meme-coin-mk-secures-2-million-next-shib-or-doge","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=88752","title":{"rendered":"Is It Too Late to Buy Gas? Neo GAS Price Soars 11.5% as Viral Meme Coin MK Secures $2 Million \u2013\u00a0Next SHIB or DOGE?"},"content":{"rendered":"
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NEO\u2019s native settlement GAS token, has undertaken a price explosion, with GAS price pushing up +11.5% despite serious retracement, is it too late to buy GAS token?<\/p>\n

GAS is a settlement token, generated by staked NEO, which is used to pay for transactions on the NEO network.<\/p>\n

In recent weeks, there has been a dramatic growth in GAS price as traders rush to stack bags following the news that GAS will be used for settlement on NEO\u2019s sidechains.<\/p>\n

This has led to increased moments of divergence, where the price of GAS (in orange) exceeds that of underlying token NEO (in blue).<\/p>\n

But with price dropping in heavy retracement following a new all-time high, this bounce-back move has got markets super-charged \u2013 lets dig in.<\/p>\n

GAS Price Analysis: Will GAS Price Bounce Back to Continue Sidechain Rally?<\/strong><\/h2>\n

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With the chart super-charged following the bounce back, GAS is currently trading at a market price of $8.91 (representing a 24-hour change of +1.13%).<\/p>\n

This comes after GAS price found feet above the $7.175 supper level which was established originally at the start of November.<\/p>\n

Ongoing GAS price action has created a pan-handle pattern on the chart, which bolsters technical structure \u2013 still strong after the golden cross on October 29.<\/p>\n

Currently the 20DMA is sat above price action, creating a potential ceiling of localized resistance around $10.75.<\/p>\n

However, the 200DMA remains low, providing bed-rock support at $3.5.<\/p>\n

In a bullish display, the RSI indicator has cooled-off significantly from a major over-bought signal on November 10, to a neutral on the fence reading at 51 today.<\/p>\n

This suggests price action is now ripe and ready to push-up on a second run, however, the MACD flags stalling momentum with bearish divergence at -0.509.<\/p>\n

Overall, GAS looks strong here, having successfully consolidated after a much-needed consolidation, suggesting price can once again resume upside movements.<\/p>\n

GAS price has an upside target at 20DMA resistance around $10.75 on the short-time frame (a potential +21.21%).<\/p>\n

While downside risk could see GAS price plummet down to lower support at $7.18 (a possible -19.04%).<\/p>\n

This leaves GAS price with a risk: reward ratio of 1.11 on the short-time frame, suggesting that it is not too late to buy GAS at current prices.<\/p>\n

But while GAS offers a potentially alluring gain on the short-time frame, a better opportunity emerges from a new meme coin presale that has matched NEO\u2019s explosive November growth, meet Meme Kombat.<\/p>\n

Meme Kombat Presale Pushes Beyond $2m Raised With $10k Giveaway \u2013 Don\u2019t Miss Out!<\/strong><\/h2>\n

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Meet\u00a0Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.<\/p>\n

So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?<\/p>\n

The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.<\/p>\n

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The price of $MK<\/a> is now $0.214\ud83d\udc40 <\/p>\n

Make sure you are ready for Kombat and have you $MK<\/a> ready too! pic.twitter.com\/46vMGrXURU<\/a><\/p>\n

\u2014 Meme Kombat (@Meme_Kombat) November 23, 2023<\/a><\/p>\n<\/blockquote>\n

Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.<\/p>\n

With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there\u2019s no shortage of action, and Season 2 is already on the horizon for December 2023.<\/p>\n

The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable \u2013 every battle is a new experience, ensuring players stay engaged.<\/p>\n

Meme Kombat Pits Leading Crypto Meme Communities in High Octane Staking Battles<\/h2>\n