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Voting / Re: Hold ETH or invest in ERC-20 tokens?
« Last post by Baofeng on Today at 01:46:42 AM »Ethereum coin is second only to Bitcoin, so even though it is an ERC-20 platform, it is in high demand and preferred by investors. But it has expensive gas fees which annoys the holders a bit, I do very few transactions mainly because of gas fees. Two transactions a week and most towards other platforms. Because this is the most economical way to save gas fees, Ethereum coins are popular in terms of holding. As an altcoin it will do well as it is reliable enough and has remained in the market faithfully for a long time.Even though ethereum gas fees have now decreased, many still use other platforms such as Solana, BSC, TRC 20 etc. They are already used to the platform. because we know previously that the gas fee for making transactions on the ethereum network is expensive and it will make us lose a lot of funds just to make transactions
Yeah, I think another factor that might sway investors from ETH and go to other altcoin is that it's more centralized as before and there is this thought that a few can control unlike before. And then the gas fees as well and the oompetition. And I think that's why we have seen a lot of project in the last 5-6 years trying to compete with ETH because they know that it has it's own drawback when it moved to POS.