In the latest news for GAS Crypto, GAS price are pumping hard with a +11% gain ahead of NEO ‘Escape the Matrix’ event – which will see crypto traders compete against a NEO X AI Agent for the chance to win a slice of a $30K prize pool.

Nicknamed ‘Chinese Ethereum’ in the crypto market, NEO

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is now an OG blockchain – having been the first approved by regulators in China, and with an impressive market share in the Asia blockchain development arena.

Early in 2024, interest in GAS crypto exploded after the NEO Foundation announced the launch of ‘sidechains’—which could enable rapid and cheap scaling on the NEO blockchain (in a Polkadot-like response to Ethereum 2.0). Importantly, this finally gave much-needed utility to NEO’s emissions token.

For a brief period, the price of GAS

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exploded even higher than that of the native NEO token. Smart money investors took advantage of this opportunity to stack underpriced NEO to generate more GAS.

Now, a year later, NEO’s sidechain project (the EVM-compatible NEO X) is ready for the bull market, and to kick it off, NEO developers are taking aim right at the heart of the crypto community and the current love affair with AI agent crypto projects.

Theme: (Escape the Matrix) event will kick start soon, be ready for Jan 9th. Mark the date, and make sure you prepare to challenge the future. @Neo_Blockchain $Neo $Gas pic.twitter.com/bVlMl13jGA

— P Neo65 (@Queenofs72) January 8, 2025

What is NEO X ‘Escape From The Matrix’? And How Can I Win a Share of $30K?

Escape From The Matrix is a new event from the NEO Foundation, launching tomorrow, which seeks to repeat the success of AI agent crypto projects such as Fresya AI – by creating exciting player vs AI agent games on-chain.

“Players will experience multi-AI agent interactions, puzzle-solving mechanics, AI-assisted multi-layer encryption verification, automated tasks, and asset distribution — providing a fun and engaging challenge,” claims the NEO release.

With the stated goal of motivating early adoption and engagement with AI agent development on NEO, the Foundation has backed the tournament with a $30K prize pool, which is set to grow as player fees accumulate.

This puts a lot at stake, as the first player to complete all challenges within the defined period will receive 80% of the entire prize pool (just so you know, it kicks off at 12PM UTC tomorrow!).

Furthermore, in a humble move, the NEO Foundation is donating 20% of the prize pool to the original Freysa AI developer as a tip of the hat for the idea.

To join the competition, players will have to bridge to NEO X (so get ready in advance) and remember there are just three ways to win:

There are 3 steps in Escape the Matrix.

• Step 1: Defeat Agent Smith
• Step 2: Seek guidance from Morpheus
• Step 3: Face the Oracle

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GAS Price Analysis: How High Will GAS Crypto Rally As Attention Turns to NEO X?

At the time of writing, GAS Crypto was currently trading at a market price of $5.40 (representing a 24-hour change of +11%).

This follows a steady consolidation over the past month, which has seen GAS price find support around the $4.7 mark in the aftermath of a large price correction from the most recent high at $7.75.

(GASUSDT)

Critically, in the midst of this month-long consolidation period, the GAS price was able to reclaim a foothold above the 20DMA, which is now providing a local level of ascendant support as GAS crypto tests market confidence above $5.

The 20DMA also showcases the resilience of the recent price consolidation. Despite a major retracement move, the MA remained above the 200DMA, avoiding a bearish reversal of the golden cross that appeared in mid-November.

On the short-time frame, the upside move has seen the RSI spring into life, although the key indicator remains relatively cooled off at present levels (55.9) with upside capacity remaining. This suggests a price move up to higher support at $6.6 isn’t off the table just yet.

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