I think so yes. The value of the bitcoin is modulated by the amount of users who invest and value btc at a specific price. The value of Neo gas is modulated by the amount of users (as well) who invest and value companies using the neo platform as a way to produce smart contracts. These companies will charge gas fees for transactions.
RE: Why I am buying NEO GAS (Antcoins) instead of NEO (Antshares)
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Why I am buying NEO GAS (Antcoins) instead of NEO (Antshares)