Gas refers to the fee, or pricing value, required to successfully conduct a transaction or execute a contract on the Ethereum blockchain platform. Priced in small fractions of the cryptocurrency ether (ETH), commonly referred to as gwei and sometimes...More also called nanoeth, the gas is used to allocate resources of the Ethereum virtual machine (EVM) so that decentralized applications such as smart contracts can self-execute in a secured but decentralized fashion. The exact price of the gas is determined by supply and demand between the network's miners, who can decline to process a transaction if the gas price does not meet their threshold, and users of the network who seek processing power.
A quick snapshot of Gas ROI (return on investment) over different time periods.
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Projects with low liquidity and smaller market cap are generally more risky. As the projects become more popular and traded with more people, they are less volatile and considered better investments.
Check the historical data and price changes on Coingecko.com
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Project announcements and news have a significant impact on the price. Below are live updates from Gas's Twitter and Reddit accounts.
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