(https://i.ibb.co/6JQtz2F/gas-fee-back-to-normal.png) (https://ibb.co/x8ZgWy6)
Ethereum gas price is dropping and it's now $0.82 (24 gwei) which is less than $1 and erc20 transection fee is almost $2.50. Kind of low transection at current time from my side. So is it the end of defi/nft hype? Because see a lot of hikes in the ethereum gas price whenever there was defi boom in the crypto market or hyped up nft minting. In current market, everyone is almost bearish and the question's: is it the end of defi/nft hype or not?
Gas price tracker: https://etherscan.io/gasTracker
Ethereum gas price is dropping and it's now $0.82 (24 gwei) which is less than $1 and erc20 transection fee is almost $2.50. Kind of low transection at current time from my side. So is it the end of defi/nft hype? Because see a lot of hikes in the ethereum gas price whenever there was defi boom in the crypto market or hyped up nft minting. In current market, everyone is almost bearish and the question's: is it the end of defi/nft hype or not?
Gas price tracker: https://etherscan.io/gasTracker
It's good to hear.
I think the reason why Ethereum gas fee is going down, because ETH price is low.
But Hopefully It's because of Ethereum 2.0 launched completely.
This Ethereum gas price fell because the activity on the Ethereum platform fell, this happened because many people were making transactions on other platforms.Actually activity is still same compared to other chains because 1.7 millions transections were done at the beginning of this month and it's now 1.1 millions according to etherscan. Just look into the attached picture where we can see the sideways/uptrend chart of ethereum transections.
True, two days ago I sent some tokens and the fee was $0.95, but I don't think that means the end of DeFi/NFT. I think that this drop in fees is due to the current market situation, we already know that there is little movement and that Bitcoin tries to stay close to $30,000, although it sometimes has a hard time doing so. The whales are waiting for people to panic so they can buy cheap, as usual. When Bitcoin drops to the whales target price, those fees will rise exponentially again.
You're right, I think they gas fee is drop because market situation.
We know about the gas fee always depending on Ethereum price.
But for 0,9$ it's too low. Maybe etherueum 2.0 success to launch.
You are definitely talking about a problem that has been solved for a long time and has not been solved, the transaction fee has decreased due to the fact that the entire market is falling and when it grows again there will be a problem like this.
I think when the transaction fee on the ethereum network decreases then it's because of the influence of no good news that can make whales interested in entering and starting to buy some items on the ethereum network, different when it's good and can get a lot of profit when buying NFT then the network fee to make transactions can increase.
The cooling of the market and the drop in the price of ETH has allowed users to conduct transactions on the Ethereum network more smoothly and cheaper, but this is really sad for crypto investors. I hope Ethereum will have an effective solution after Merge and we will always have gas 5 gwei.Market was dumped because of the liquidity scene from both Celsius Network and 3AC (Three Arrow Capital), although 3AC was the main problem for this. No worries, market will pump back, especially ethereum as liquidation situation is gone (most likely). Back to the ethereum gas price, it's already dropped to 17 gwei. So more lower gas price is expected in the upcoming days.
Ethereum gas price is falling and now it is $0.82 (24 gwei) lucky it is only a short time ticker and climbs higher again. It is currently at 70 (gwei), it remains to be seen when it will stabilize at its low level.Ethereum Gas price also fluctuates, if we want to use the Ethereum network then we have to choose the right time. When Ethereum Blockchain traffic is heavy, Eth Gas will increase, and when Ethereum Blockchain traffic is low Gas Eth will decrease. So we have to monitor it always to know the price changes.
I think what you say is true, my friend, avoid using the ethereum network when the traffic is very heavy because it can be ascertained that the fees that will be charged will be expensive and it can't be avoided. In fact, now there have been changes, although not yet significant and there needs to be continuous updates because that is the best way because if bitcoin has recovered from the correction, ethereum will increase as well and of course there will be consequences the costs will be expensive again.Ethereum gas price is falling and now it is $0.82 (24 gwei) lucky it is only a short time ticker and climbs higher again. It is currently at 70 (gwei), it remains to be seen when it will stabilize at its low level.Ethereum Gas price also fluctuates, if we want to use the Ethereum network then we have to choose the right time. When Ethereum Blockchain traffic is heavy, Eth Gas will increase, and when Ethereum Blockchain traffic is low Gas Eth will decrease. So we have to monitor it always to know the price changes.
At this point, the crypto market is really gloomy and we no longer see waves of buying crypto on UniSwap or NFT, transaction fees on Ethereum have dropped significantly. I hope this will be an opportunity for Merge to be successfully conducted so that we can experience 5 gwei like 2018-2019. At that time, the community will return to Ethereum.Yesterday I noticed that the gas fee on the ethereum network was 7 gwei, and now it is 17 gwei. In general, pretty good. But the price of ethereum has been growing very well in the last week compared to bitcoin and other cryptocurrencies, so it should be held. And the tokens have fallen in price and there is no point in selling it. Therefore, the volume of transactions in the network is falling. We look forward to September, when the final merger is planned. They promise that fast transactions and cheap fees will become the norm.
(https://i.ibb.co/6JQtz2F/gas-fee-back-to-normal.png) (https://ibb.co/x8ZgWy6)
Ethereum gas price is dropping and it's now $0.82 (24 gwei) which is less than $1 and erc20 transection fee is almost $2.50. Kind of low transection at current time from my side. So is it the end of defi/nft hype? Because see a lot of hikes in the ethereum gas price whenever there was defi boom in the crypto market or hyped up nft minting. In current market, everyone is almost bearish and the question's: is it the end of defi/nft hype or not?
Gas price tracker: https://etherscan.io/gasTracker
Just when another dip may come but what happens if it will always be going up? you might be surprised after that. It seems like that 24500 has become the strongest resistance for bitcoin even bitcoin broke it yesterday but the support is not strong enough to keep the price above such rate.
A small correction is occurring right now but im sure that if bitcoin can bounce back again even higher. Let's wait and see what's gonna happen with it.
as for ETH, here other levers of influence on the transaction cost are already included. At the same time, bitcoin continues to be mined, and ETH will soon switch to PoS.Just when another dip may come but what happens if it will always be going up? you might be surprised after that. It seems like that 24500 has become the strongest resistance for bitcoin even bitcoin broke it yesterday but the support is not strong enough to keep the price above such rate.
A small correction is occurring right now but im sure that if bitcoin can bounce back again even higher. Let's wait and see what's gonna happen with it.
I think if bitcoin bounce back and touch 30K USD, gas fee will more expensive.
That's the fact as long as I invested in crypto currency.
Gas fee is always depending on Ethereum price.
And all crypto depend on bitcoin price.
Hoping for this Ethereum fee to be forever cheap and there won't be any more expensive spikes.ETH gas fee was decreasing, but it seems rising a bit. It is difficult to predict how long ETH gas fee is to stay cheap. But I believe that ETH gas fee won't be as expensive as previously. There will be more development in ETH, I think the gas fee problem will be fixed as soon as possible. So, people will trust again on ETH chain.
It's great for us to understand this because the Ethereum transaction fee has reached a very expensive peak price.
Ethereum fees have also crossed the limit of Bitcoin transaction fees and it made history in cryptocurrency as the coin that has the most expensive fees.
As I write this post the ETH gas price I see is 26 gwei. A few days ago the ETH gas price dropped to 7/8 gwei. All crypto markets are now bearish. As a result, the fees of all networks have decreased. However, the ETH network fee was the cause of our headache, which is now almost within tolerance. I expect ETH gas price to stay within 15 gwei.Transaction fees for Ethereum are currently still relatively high and with Marge Ethereum it will not reduce the costs that must be incurred to send tokens or NFT based on the Ethereum network, so it's better when you want to do NFT transactions you have to prepare more money for transaction fees or use the cheaper BSC platform.
Down could be expect even less than 24 gwei throught bear market condition considering that supply circle is fast run.Even in bullish market gas fee should cost like it use to be from 4 gwei to 8 gwei minimum.Market dominance is getting stable high again.NFT is in period of get more and more popular in many new project like source of buying and selling after some time when value keep rise so not ever soon will hype get finish.Currently, NFT transaction costs have fallen very cheaply. This depends on market conditions. When there is a lot of demand and many people carry out transactions using the NFT network, gas costs will increase again. This is natural, when there is an increase in the process, there will be transaction costs that increase too.
Ethereum team counting the transactions per minute or day in Ethereum network have big influence on gas price, so when amount of transactions get big by day then price drops significatly.I think that when more and more people use the Ethereum network to carry out transactions, the network will become congested and transaction costs will definitely increase. If you want to send at a low cost then you have to change the blockchain network you use first, the current BSC Network It's quite good and a good consideration for making transactions.
The ETH gas rate will continue to change and vary over time. And the changes will also depend on several things, especially the price of ETH and also whether the network is crowded or not. Currently, the ETH Gas fee is only around 26-28 Gwei. So you could say this is still quite affordable even though the fees have increased quite a bit. At least we can be on guard so that we have moved the erc20 tokens so we can prepare for the bullrun later.
Currently, Ethereum gas fees continue to experience changes. but it's not as significant as last season. In the end, we can see that the gas fee for Ethereum is not that high even though the market has started to rise. I think the gwei fee will jump even higher, especially when the network is quite crowded. but apparently not, it's now rated at around 21 gwei and this is quite reasonable in an era like this.This is a fairly normal movement in gas fees because Ethereum's gas fees depend on the level of transaction density on the Ethereum network. As you have said, when the network is busy, gas fees will increase, but when the network is quiet, gas fees will start to increase. decrease.
Now for NFTs themselves, we will still encounter them, although whether they are still as significant as before or not, when NFTs were really hype at that time. This is about to start a bullish era, but the NFT hype is still not that visible anymore. So there are various questions about whether NFTs are still worth it or not, we still need to monitor them.
This is a fairly normal movement in gas fees because Ethereum's gas fees depend on the level of transaction density on the Ethereum network. As you have said, when the network is busy, gas fees will increase, but when the network is quiet, gas fees will start to increase. decrease.It's true, when transactions are not too busy then the costs required will indeed go down, but when we want to make a transaction such as purchasing something very important and have to make payment right then and there then we can't wait until the transaction costs go down.