Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Zero0 on May 23, 2021, 08:37:42 AM
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
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Maybe there is a decline in ETH popularity but not so significant. I think most crypto users still trust Ethereum. Moreover, we can see that the gas fees decreasing currently. Ethereum is the best altcoin ever, people already feel comfortable using Ethereum. They must realize that Ethereum is hard to overtake bay other altcoins, including Binance coin. So, in my opinion, the popularity of Ethereum is still in a good shape.
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Yeah, it may be declined so e easily and we may w popularity casualty and also the Ethereum platform promise to get some STC, and also other altcoins will also together about this. We can wait for the next altcoin season and also the use of altcoin based on the decreased price of Value 40k$ to be more than $20k
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
I think I agree with, by seeing the popularity of binance is increasing day by day now, I think Ethereum popularity starting to decline, because high gas fee.
There are several alternate smart contract platform like TRC20 waves and BSC.
BSC is so popular now and I think will be the next Ethereum.
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Ethereum gas fee varies from day to day. At present gas fee is much lower. Again it suddenly increased. However, when ETH gas fee drops, the amount of transactions of the users increases. However, the transaction fee is much lower on other platforms. For example, the transaction fee is much lower on Tron and bsc platforms. All in all, the amount of transactions on the eth platform is normal.
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Dont see Ethereum popularity decrease. According to coinmarketcap or coingecko its dominance only increases.
Right now an Ethereum transaction cost less than $1.5 which I find everyone could afford. It is silly to expect low transaction fees when the expecting price of Ethereum only to grow
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At present, etherium gas is much less than before. Even a few days ago there was a lot of etherium gas which made it very difficult to transfer our tokens. Due to the excess gas, many investor traders left the Ethereum platform and turned to other platforms.
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Right now, Ethereum has a good gas fees right now. 50 gwei is about $1+ and 70+ gwei is about $2+ and it is quite great for the market right now. There's no congestion in the traffic so i think Ethereum isnt declining in popularity.
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Yes this is really affecting eth popularity, although sometimes the transaction fees fluctuate, like today the fee was low because I send some erc20 to exchange and the transaction fee today was low $3 fee was charged to send the tokens, but ethereum dev still needs to find a lasting solution.
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Ethereum's additional transaction fees had a detrimental effect on Ethereum Price. Now the Ethereum transaction fee has come down drastically which is why the Ethereum price has gone up so much. But when the Ethereum transaction fee was high, there was a lot of problem in selling the tokens because the transaction fee was more than the amount of dollars that could be sold. But now all the problems have been solved to reduce the Ethereum transaction fee.
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I used to see people using the Ethereum platform as one of the means of their transactions. But now his opposite has happened. At present the Ethereum platform avoids the Binance Smart Chain platform coming towards. One of the reasons for this is that I think Ethereum's additional transactions are fee. If the transaction is fee again, people will definitely return to the Ethereum platform.
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This is indeed a big problem for Ethereum, high gas prices have often been loved by the Crypto community. If the problem of expensive Gas Prices continues, it is unlikely that people will slowly abandon Erc-20 based coins and switch to BSC based coins due to the very high difference in transaction prices.
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Ethereum gas fee were much higher when new projects were the most successful in the cryptocurrency market. But now it is much less than before. In 2020, when market conditions improved, ethereum gas fees increased significantly. Currently this platform is suitable for transactions. Its popularity has largely declined due to increased gas fees. Binance smartchain is currently gaining popularity for creating most tokens. But now ethereum's gas fee is a bit lower than before.
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I would not say that, since recently the price of Ethereum reached 4300$ and therefore Ethereum is still ahead of the entire Binance Smart Chain, but recently, of course, a lot of cryptocurrency companies began to use the BSC blockchain, and if BSC will not slow down, then in the future, I think Ethereum and BSC will fight for the 1st place among altcoins.
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The Ethereum platform is the most popular platform. There are many blind fans of the Ethereum platform in this crypto universe. Although they use other platforms in times of need due to the rising gas fees of the Etherium network, they love the Etherium network from the bottom of their hearts. People are accustomed to using the Etherium platform. I think, no matter what, the popularity of the Etherium platform will never wane.
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There are many blind fans of the Ethereum platform in this crypto universe.
To save money from high cost transaction fees wasn't and isn't blindness rather it is a form or practical approach to take advantage where you can save more.
Also business is business. Its about the product, benefits, community, quality, and excellence. We are all into it looking for the best. ;)
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The Ethereum platform is one of the most popular platforms. The gas fees of this platform are used by the platforms. This platform will never go down.
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Popular Ethereum indeed feels very sad to feel due to this decrease due to the very expensive transaction fees for every time sending Ethereum or tokens from ERC20.
I feel the same, namely the decline in Ethereum's trust for investors and traders but for development issues I still believe that Ethereum is still strong because it has Decentralized power.
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Popular Ethereum indeed feels very sad to feel due to this decrease due to the very expensive transaction fees for every time sending Ethereum or tokens from ERC20.
I feel the same, namely the decline in Ethereum's trust for investors and traders but for development issues I still believe that Ethereum is still strong because it has Decentralized power.
I think we all suffering about this problem at last month.
But today , Ethereum gas fee is cheaper.
So , I think thats not problem again.
The basic problem is when crypto currency market will bounce back and more valuable again.
and I think ERC 2.0 will solve the problem of gas fee.
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A few days ago, Ethereum's Gas Fee was in such bad shape that people could not transfer any tokens from the Ethereum platform under any circumstances. However, it has been noticed for some time that Ethereum's gas fee has come down a lot. Hopefully in the future many more parts of Ethereum's gas fee will come down.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
Ethereum gas fee is going down mate, but the market is still recovering slowly.
At last month, several projects have migrated to BSC because ERC20 gas fee is so high.
But for now, almost all of crypto are going down and struggling.
I see there are several projects are failed.
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I think that's a business strategy in cryptocurrency industry for me etherum has already become popular in the Cryptocurrency system at this time it's only people that has enough fund can transact on etherum network due to the high level of gas fees, although people are looking for alternative to transact with low fees thanks be that binance smart chain here.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
If you talked about popularity, I think ethereum is more popular although etheruem has gas fee issue.
Well, several projects have migrated to binance smart chain, but I think It's just alternate smart contract because ERC20 gas fee is so high.
Several people said thats temporary.
Ethereum 2.0 will have solution for this problems, they believe projects2 wil be back to ERC20.
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Ethereum is still very popular in this Cryptocurrency, And Ethereum is also still ranked second on Coinmarketcap. It is not easy to shift the popularity of Ethereum, because Ethereum is one of the Cryptocurrency platforms as a place for the growth of new Cryptos.
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Indeed, these costs have always been a difficult obstacle to stop because these costs are very sensitive to seek profit in every real business trade and investment, especially in cryptocurrencies which change every day at any time.
The fees for Ethereum have skyrocketed a lot and are now slowly starting to fall and of course the price is a little under 5 USD. But for transaction fees it should be stable below 1 USD to be more friendly to investors and traders.
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Until now Ethereum is still a very popular Cryptocurrency, and in my opinion the expensive price of Gas eth does not reduce the popularity of Ethereum at all. Precisely now Ethereum is getting more and more popular, because the price of this Coin is getting higher. Many people choose Ethereum for Investment so that they get big profits.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
Don't underestimate to Ethereum mate, Ethereum has big community and still the King of smart contract platform.
Ethereum is one of my favourite coin for long term investment.
BNB has good team and biggert exchange. I think time will tell.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
I agree, high Ethereum gas fee is the big problem, so I think Ethereum team should have good solution for this problem.
We all know about alternate smart platform such as BSC, waves and TRC20. They will be good alternate, while Ethereum gas fee is so high.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
I think It will never effect to Ethereum popularity because I see Ethereum team has good plan to finish Ethereum 2.0.
So, I see there are so many projects have still used ERC20.
I don't think Ethereum will be declined by developer and investors..That's my opinion for OP.
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Not solving the problem of high transaction fees is bad for Ethereum's reputation. Ethereum will continue to be used, of course, but only users with larger amounts of funds will use it, as transaction fees don't matter to them. In fact, if we look at the last 500 tokens added in Coin market Cap or Coingecko we can see that only between 10% and 15% have been created in the Ethereum chain, the rest use cheaper and faster chains.
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Not solving the problem of high transaction fees is bad for Ethereum's reputation. Ethereum will continue to be used, of course, but only users with larger amounts of funds will use it, as transaction fees don't matter to them. In fact, if we look at the last 500 tokens added in Coin market Cap or Coingecko we can see that only between 10% and 15% have been created in the Ethereum chain, the rest use cheaper and faster chains.
As the famous people said ethereum just for rich people. Because high transaction fee.
i think etheruem team must have good solution for this problem.
BTW there are several alternate smart contract platform, ethereum will be declined by projects.
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As the famous people said ethereum just for rich people. Because high transaction fee.
i think etheruem team must have good solution for this problem.
BTW there are several alternate smart contract platform, ethereum will be declined by projects.
I'm not sure at this point, and after "London" went live on the Ethereum mainnet, if we can expect a solution. Nothing has been fixed for many months and many people have lost investment opportunities due to these issues, leading me to think that the team will directly await the release of ETH 2.0 to fix the current issues. It may sound strange, but I wouldn't be surprised if they did something like that.
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I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
It is true that the popularity of Binance is increasing, but it doesn't mean decreasing the popularity of Ethereum. I am pretty sure if the popularity of Ethereum is always growing well day after day. The issue of expensive gas fees won't ruin the popularity of Ethereum. I guess Vitalik and teams will try to find a way in lowering the gas fees. Just wait for good news related to gas fees from Ethereum.
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Still the best for Ethereum even though the price for transaction fees is insane and unreasonable, worthy of this Ethereum transaction fee as a robbery.
I also feel very sorry for the transaction fees from Ethereum but I am also still amazed because Ethereum has full support from all communities so it is still ranked number 2 on Coinmarketcap.
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Still the best for Ethereum even though the price for transaction fees is insane and unreasonable, worthy of this Ethereum transaction fee as a robbery.
I also feel very sorry for the transaction fees from Ethereum but I am also still amazed because Ethereum has full support from all communities so it is still ranked number 2 on Coinmarketcap.
If the current price of transaction fees remains as expensive as it is now for a long time, I am sure it will end up negative for Ethereum. Many teams are "forced" to create bridges to other chains (especially Binance Smart Chain) due to this problem. Remember that after one king comes another, and that Ethereum may cease to be the queen of smart contracts if this problem continues to exist in the near future.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
You are correct, If Ethereum continue with this approach and not correct thing Binance will takeover. BSC is becoming so popular on a daily basis. With what I am seeing now, I don't think Ethereum is ready to change anything sooner. I wish them good.
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Yes Absolutely Right, Due to high gas fees popularity of Etherium decreasing day by day. Users are using another networks for etheriums high gass fees. Now a days binance Network being popular. I think Ethereum authority will consider this things and they will take action about gas fee. Then Ethereum will popular again.
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Of course, Ethereum is a very good coin but they're failing in transactions and gas fees. I can buy a lot of coins by 1 ETH transaction fee which is not good at all! A lot of people are now using BSC and even many projects are deploying their tokens to BSC because of the cheap fees and quick transactions.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
I agree, Ethereum will be leaved by many investors if their team didn't have good solution for high gas fee and speed transaction.
There are several alternate smart contract platform now.
Investors can use alternate smart contract platform for their new project.
Ethereum will be declined by many people.
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I do not agree with such statements, Ethereum Fees are indeed very expensive and it often makes people disappointed. But because Ethereum is a big coin, it doesn't reduce the popularity of Ethereum. Ethereum continues to improve even though it gets a lot of attacks, now there are many new Blockchains with cheaper fees emerging. But even so, Ethereum is still popular and the choice of many people.
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Currently most of the Ethereum platforms consume large amounts of gas free which is a problem for most investors. It can be seen that Ethereum transaction is more free than token when extracting a token from Ethereum platform. So I think Etherium platforms are the most popular now and if they continue like this, maybe one day Etherium platforms will lose popularity in the future.
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The Ethereum platform for additional gas fees has been losing some of its popularity for some time now.Now people use Binance platform instead of Ethereum platform because there is much lower network fee.Now, however, the amount of network fees on the Ethereum platform has been reduced, but there are many tokens that cost a lot of network fees to sell.If the solutions to this problem are done, then it is very good.
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gas costs that occur on ethereum are very difficult to eliminate because it is the influence of the many tokens created from the ERC20 network which makes the ethereum network more and more piled up and has very many queues and makes gas costs always expensive.
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I do not agree, if the popularity of ETH had declined, then it would not have been on the 2nd place of CMC and would not have been about 4 thousand.$ of course, the gas fee is not commensurably high, but there are a lot of people who are satisfied with it.Over time, the developers will update ETH 2.0 and everything will change.
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Who said Ethereum is declining in popularity?
Look at Coinmarketcap and all Ethereum trading that Ethereum has a very large marketcap and is very far from ranking number 3, 4, 5 and so on.
This proof is clear that Ethereum is still the domination for all altcoins and of course I also want to make Ethereum my main asset in the Binance application.
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Currently the amount of gas in the etherium platform has increased slightly due to the etherium platform Popularity has waned.
Looking at the cryptocurrency market, it can be seen that the trading volume is much higher.For which the price of etherium coins is rising.
However, the popularity of the platform has increased again as before.
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With the high gas, I think the ethereum popularity will soon start to drop gradually and my be left for big investors only. Also, remember that crypto is driven by the community and without a large numbers of the community, it's popularity, uses, adoptions will dwindle. Ethereum has benefitted immensely from it's large community world wide but if the gas fee continues on the high side, the people will has no options but find their way to other platforms where they will very low gas transaction fees.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
If cryptocurrency users are now switching to using the Binance network and at the same time using the Ethereum network less due to high transaction fees, this does not mean that the Ethereum network is losing its popularity. I have also practically stopped using the ethereum network now, partly due to expensive transactions, partly due to the fact that I expect the price of both ethereum and the tokens issued on this platform to rise. At the same time, on the contrary, I try not to reduce my ethereum reserves, since I believe that after the update this coin will significantly increase both in popularity and in price.
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Ethereum's additional transaction fees had a detrimental effect on Ethereum Price. Now the Ethereum transaction fee has come down drastically which is why the Ethereum price has gone up so much. But when the Ethereum transaction fee was high, there was a lot of problem in selling the tokens because the transaction fee was more than the amount of dollars that could be sold. But now all the problems have been solved to reduce the Ethereum transaction fee.
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Dont see Ethereum popularity decrease. According to coinmarketcap or coingecko its dominance only increases.
Right now an Ethereum transaction cost less than $1.5 which I find everyone could afford. It is silly to expect low transaction fees when the expecting price of Ethereum only to grow
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Ethereum is still a good coin and it will never decrease in value, but the tokens based on the ERC20 network will decrease in value day by day because no one will make a transfer or a trade using Metamask and pay $100+ fees! I'm holding some tokens in Metamsk for months now, I can't sell them because of fees and I already gave up. That's why many new projects are using the BSC network and not ERC20 anymore!
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Maybe there is a decline in ETH popularity but not so significant. I think most crypto users still trust Ethereum. Moreover, we can see that the gas fees decreasing currently. Ethereum is the best altcoin ever, people already feel comfortable using Ethereum. They must realize that Ethereum is hard to overtake bay other altcoins, including Binance coin. So, in my opinion, the popularity of Ethereum is still in a good shape.
That's true, many projects still believe in Ethereum, especially ERC20 platform.
High gas fee is the problem, BSC TRC20 an others are alternate smart contract platform, but not popular as Ethereum.
Cardano maybe will be more popular,but not for the next few years
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. Now the Ethereum transaction fee has come down drastically which is why the Ethereum price has gone up so much. But when the Ethereum transaction fee was high, there was a lot of problem in selling the tokens because the transaction fee was more than the amount of dollars that could be sold. But now all the problems have been solved to reduce the Ethereum transaction fee.There are several alternate smart contract platform now.
Investors can use alternate smart contract platform for their new project.
Ethereum will be declined by many people.
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Lowering the GAS fee for Ethereum is really very difficult because Ethereum is getting more and more expensive and the price continues to rise unstoppably, if you don't believe it, please check the price on Coinamrketcap and Binance Exchange.
If we rely on Ethereum for a single token delivery, it takes around 0.001 only, it still feels very expensive now, especially with a token fee of around 0.01 Ethereum, has the cost of sending Ethereum tokens gone crazy now?
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The popularity of the ether is decreasing due to high gas charges, but it needs to do something about this problem. If they fix it, on the contrary, its popularity will increase many times more and the price will be even more many times.
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Most people will agree with you but for me ETH still the best choice for any and many platform to grow up. Already have network, fanatic follower and always release news up date about their technology become powerful weapon to make users stay in their territory. Eth 2.0 will release and become answer about fees and quality network, Binance have powerful marketing strategy, they have follower but not fanatic.
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It was not like that from the beginning of Etherum Blockchain development the increase in Etherum gas feels is just to tells that in every growth in the Cryptocurrency industry is opportunity for most project gas feels to increase in value because some of those Cryptocurrency company believe that crypto currency business is a big investment I think that's why Etherum gas transactions has also increased.
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A lot of projects are still using the Ethereum network as a result of much trust. It will not be easy to FOR Ethereum to be extinct from the market. The still have much trust from other Eth token as a result of trust despite the increase in the gas fees..
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Ethereum is still more popular than others, so even though sometimes I feel disappointed that the price of Ethereum is really very expensive and Ethereum is still ranked number 2 on Coinmarketcap.
I also don't deny that Ethereum has an extraordinary value than the price of USD but I am also sure that Ethereum has a respected value in the Ethereum community with so many ERC20 tokens that have developed and have an expensive value.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
Yes, I agree. Binance popularity is increasing and I see many projects already migrate to binance smart chain.
But becareful, There are many scam project at BSC.
We must choose good projects in there.
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I don't see ether popularity declining. Ether is a very strong network that has bought the heart of many blockchains enthusiasts. The network is strong, secure and reliable. This is the quality that can't be compromised by ether. Other networks that are coming on board are still learning from the Ethereum network.
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I think the increase in the cost of gas for transactions on the ethereum network is due to the influence of the price of ethereum on the exchange increasing, but at this time the price has collapsed and the exchange value has decreased so the gas costs have become cheaper.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
The popularity of Ethereum is still increasing because I still see many new projects using this platform, BSC is the choice because of the low transaction fees, over time, its popularity will definitely increase because from some sources I have seen, the number of transactions on the network reaches 1.5 Billion
https://www.google.com/amp/s/cointelegraph.com/news/binance-smart-chain-surpasses-1-5-billion-lifetime-transactions/amp
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It is necessary to look at how many transactions there were before they raised the price of the transaction, I do not think that the reputation of the ether is falling. Maybe if it only fell a little, but it can be seen on the market that Ether is slowly starting to slow down the growth rate.
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Yeah Al that sounds pretty crap to me, Looks like Ethereum is losing its popularity because of the extra gas fees and poor transactions. If Ethereum's network fees are high, many people will not be able to make any transactions. In that case Ethereum transactions are declining. And if you want to send 10 dollars, 20 dollars network fee is asked. In that case the loss is more than the profit. So it can be said that the popularity of Etherium is decreasing day by day.
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Ethereum transactions have had a slight impact due to ethereum's extra-increased fees. But its popularity has not decreased, just as its value is increasing.
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I also feel it, the popularity of ETH is decreasing because of the problem of gas fees. And it will be getting worse if there is no real solution from Ethereum developer. Now, people are thinking about the capacity of Vitalik as the CEO of ETH, why does he seem not respond it well? All ETH users are waiting for the solution of the expensive gas fees. But till now, there is no solution yet.
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According to me , to some extent you are right. Ethereum increased fees is an issue but we cannot say that its popularity is decreasing.This is because Ethereum has a lot of value even today. And its marketing is also enough
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Ethereum popularity declining? maybe for small time traders like me who can't afford the expensive gas fee.. but for the big whales they can afford it so they can still use ethereum network that is why the gas fee is still high and its never go down.
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when looking at the very high gas fees on the ethereum platform, I think it is a natural thing because you have many users who are making transactions on the ethereum network, maybe you can use other networks to continue to enjoy transactions with very small fees.
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We know that ethereum network is the best valuable in the cryptocurrency world. Because it's the best currency after Bitcoin. So I think that gradually it's popularity will spread worldwide. But in this moment we can see that popularity of ethereum is going down. Because we can see that gas fee of ethereum is declining and we also see that it's lower transaction. I believed that gradually it's popularity will increase and it's price will be acceptable.
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The gas fee issue has always been one thing that has limited the Ethereum space and is definitely something that ought to be worked on. It has been my main hindrance in engaging with ETH related projects. It diverted my attention to other projects and I got to find out about Bitay.
Bitay is currently the fastest growing exchange and has everything it takes to become a top exchange good enough. It’s one of the easiest trading platform to use as it gives the best trading experience even without making real life investment.
They’ve got 700,000 KYC approved users and an average daily trading volume of $55,000,000.
This is a project to be part of
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The poor transaction and the high fee is the main reason that the ETH coin popularity will be effected and this time the market is down and some of this reason will down the eth and i hope soon the ETH go high and that time i hope they reduce the fee also.
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Of course, the price of ether will decrease due to the fact that the transaction reaches a high limit at some times. Most projects are moving from the ether to the BSC platform due to low fees and fast transactions.
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However, when ETH gas fee drops, the amount of transactions of the users increases. However, the transaction fee is much lower on other platforms. For example, the transaction fee is much lower on Tron and bsc platforms.
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Although they use other platforms in times of need due to the rising gas fees of the Etherium network, they love the Etherium network from the bottom of their hearts. People are accustomed to using the Etherium platform.
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Although they use other platforms in times of need due to the rising gas fees of the Etherium network, they love the Etherium network from the bottom of their hearts. People are accustomed to using the Etherium platform.
You are absolutely right, but you must also think that as much as people like Ethereum, that love from the bottom of the heart can change the moment it hits users' pockets. The fact that many users (those with less available funds) cannot move or exchange their tokens is the beginning of the end of that love you are referring to. People want things to be 100% useful, not that for the present reason they cannot do anything.
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Although they use other platforms in times of need due to the rising gas fees of the Etherium network, they love the Etherium network from the bottom of their hearts. People are accustomed to using the Etherium platform.
You are absolutely right, but you must also think that as much as people like Ethereum, that love from the bottom of the heart can change the moment it hits users' pockets. The fact that many users (those with less available funds) cannot move or exchange their tokens is the beginning of the end of that love you are referring to. People want things to be 100% useful, not that for the present reason they cannot do anything.
I think people invested in crypto because profit consideration, and also cost
Not about love or deep heart, It's funny.
People still use Ethereum because ERC20 is the king of smart contract platform and has been used by many projects.
But It will be leaved and migrate to other platform which have lower fee.Thats the fact.
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I think people invested in crypto because profit consideration, and also cost
Not about love or deep heart, It's funny.
People still use Ethereum because ERC20 is the king of smart contract platform and has been used by many projects.
But It will be leaved and migrate to other platform which have lower fee.Thats the fact.
I like your logical, We invest in crypto because profit, not about love or deep heart.
Investing is business, it is different to religion or soul.
Businesses is always talking about profit, chance and progress.
I have invested in crypto and want to get big profit at the coming years. That's all.
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Currently, due to the extra gas fees and weak transactions of the Etherium network, everyone is forced to use the Binance network instead of the Etherium network and most of the crypto projects are also being launched on the Binance network. This is because the gas fee of Binance network is much less than that of Ethereum network and the transaction is completed faster. So I think Binance's popularity is increasing day by day and Etherium's popularity is declining.
Do you agree with me?
Yes I agree, although Ethereum is the King of smart contract platform, But If the team didn't solve their high gas fee problem, I think Ethereum popularity will decrease ann will be leaved by investors.
There are several alternate smart contract platform, I think We will see big movement. Many projects will migrate to other platform.
And I saw Its starting to do.
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EthereumFair is led by a group of Chinese miners, with its core documentation provided in the Chinese language. Only this weekend did organizers focus on creating Telegram groups for different languages.
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Former Ethereum co-founder Charles Hoskinson, who now heads competitor Cardano—which has a market cap of $16.4 billion—was feeling salty. He posted a meme likening the merge to a nightmare. When someone tweeted him asking where Cardano’s technology stands in relation to Ethereum, Hoskinson let rip with some flagrant self-promotion:
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In my opinion, the cost of etherum gas is a big problem because if gas costs are not reduced immediately, many investors will switch to other networks that have cheaper gas costs, I believe that etherum will soon deal with this expensive gas problem.