Gas fees

[yohananaomi]

I agree with you that there are still many investors who still believe in Ethereum even though there may be problems with gas fees that occur, but it is still better than its past.

Actually, for now, the gas fee for the Ethereum network has been decreasing in its fee rate. Even only around 0.5 gwei to 0.8 gwei for priority. There has been a lot of progress and development in the Ethereum network. And it has started to compete with other blockchain networks.

The only thing we don't know yet is how it will be in the future when ETH has skyrocketed again and when this coin is in the altcoin season era. Because it is true that when alt season is like that, the gas gwei will also jump very drastically. So, let's wait for what will happen in the future.

Ethereum gas fee has indeed decreased and many investors have started using this network again. However, with the many new networks that offer advantages and cheaper gas fees, many investors are reluctant to use the Ethereum network. This is network competition in crypto, and we as users can take advantage of this competition

There will always be improvements from the past and also how much the price was at that time, and it will certainly affect the increase in gas fees and I strongly agree that there have been improvements, but the competition is currently very high because there are many new networks with better fees and speeds available, and it is no wonder that there will be competition to choose which one to use.

[Mate2237]

That transaction fee you made mentioned is a small amount compared to the time I was planning to invest heavily in Ethereum and that made me to run from it and I am very happy that I didn't invest at that time because I would loss it all. But now that the price is #1,600k it is good to invest and the transaction fee tok is 2.031 gwei which is not much again.

The issue in Ethereum is the transaction fee and not even the price.

[dwyane36]

The issue in Ethereum is the transaction fee and not even the price.

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

[yohananaomi]

The issue in Ethereum is the transaction fee and not even the price.

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

Many are returning to the ethereum network because, as you said, it is true that the fees charged now are much different than in the past.
There have been improvements, and it is also possible that the price has dropped from ethereum itself.
But there is no need to be afraid to use the Ethereum network anymore, and it is very good.

[debra]

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

There is no problem with ETH gas anymore. The gas fees look like quite cheap currently. Yes, it is only around 30-40 cents. It is just strange if there are people who have problem with ETH gas fees again. However, the problem is in ETH price that still can't increase as expected. People are waiting for the new ATH of Ethereum. But the price is getting far from the ATH.

[legend45]

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

There is no problem with ETH gas anymore. The gas fees look like quite cheap currently. Yes, it is only around 30-40 cents. It is just strange if there are people who have problem with ETH gas fees again. However, the problem is in ETH price that still can't increase as expected. People are waiting for the new ATH of Ethereum. But the price is getting far from the ATH.

Indeed, ethereum seems to be struggling this year and many are starting to be pessimistic about ethereum. However, there are still many who believe that ethereum will soon reach ATH.
I still have ethereum and will try to hold it because I have a fairly high selling target, but it all depends on future market conditions.
ethereum gas fees have started to drop, but in reality the price of ethereum coins has not been able to show good progress

[Blaze]

There is no problem with ETH gas anymore. The gas fees look like quite cheap currently. Yes, it is only around 30-40 cents. It is just strange if there are people who have problem with ETH gas fees again. However, the problem is in ETH price that still can't increase as expected. People are waiting for the new ATH of Ethereum. But the price is getting far from the ATH.

That in fact is where I feel it is interesting to watch Ethereum right now. The fees are no longer prohibitive, and the opportunities that it creates for new participants expands the place for new developers. They have also realised that the price has not been as competitively positioned as it had been planned, and that is not necessarily a death knell for the company. There is very much happening beneath the surface that one cannot necessarily always see areas of change which may be sizable even if not reflected on great drastic chart fluctuations. All it takes is for the market to find its rhythm and the production will be back into demand as before. Analysis of ETH exclusively in terms of price may make you a bit disappointed. Therefore if you move to land and infrastructure, you will notice that there are possibilities other than the numbers that are being invested.

[yohananaomi]

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

There is no problem with ETH gas anymore. The gas fees look like quite cheap currently. Yes, it is only around 30-40 cents. It is just strange if there are people who have problem with ETH gas fees again. However, the problem is in ETH price that still can't increase as expected. People are waiting for the new ATH of Ethereum. But the price is getting far from the ATH.

Yes ..... what you said is very true. Now it's very different from the past and gas fees are no longer a problem, because it's already very good and acceptable to everyone, so it's true that what is currently being waited for by ethereum is when it will start moving up again, because the correction that occurred was very sharp and there has been no recovery and waiting for that will be a new ATH.

[Blaze]

Yes ..... what you said is very true. Now it's very different from the past and gas fees are no longer a problem, because it's already very good and acceptable to everyone, so it's true that what is currently being waited for by ethereum is when it will start moving up again, because the correction that occurred was very sharp and there has been no recovery and waiting for that will be a new ATH.

Lower fees are really beneficial for users and developers and this definitely contributes to the expansion of Ethereum ecosystem. As to the sharp correction that occurred, it is correct that the market is at the moment in the phase that cannot be termed as certain but that is not a new phenomenon to the crypto markets. There is always a hope among investors of a bounce back, and even general price improvement after the correction period. However, when it comes to this new ATH, I still believe it is better to stay somewhat grounded as price changes are still very much subject to external factors that can knock anytime from any corner, it could be market sentiment or new regulation.

[Flydove]

Have you also noticed how high gas fees are lately? $4 for eth transfer and also $16 for other erc20 token transfer why?

This is largely due to network congestion and demand spikes which is instigating a surge in gas prices momentarily. I strongly recommend layer 2 solution as they offer lower cost-effective exchange costs.

[Kemarit]

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

There is no problem with ETH gas anymore. The gas fees look like quite cheap currently. Yes, it is only around 30-40 cents. It is just strange if there are people who have problem with ETH gas fees again. However, the problem is in ETH price that still can't increase as expected. People are waiting for the new ATH of Ethereum. But the price is getting far from the ATH.

Yes ..... what you said is very true. Now it's very different from the past and gas fees are no longer a problem, because it's already very good and acceptable to everyone, so it's true that what is currently being waited for by ethereum is when it will start moving up again, because the correction that occurred was very sharp and there has been no recovery and waiting for that will be a new ATH.

And that's what some might be still afraid of ETH, I mean even if the gas fees are cheap, no one still dares to invest. It means that it has lost the trust of investors sad to day.

Unlike Bitcoin, when the fees has increased we find alternatives, and then when the fees goes down, we go back again to it's Layer 1 network. Unlike ETH maybe some investors goes to Solana and then never come back, IMHO.

[legend45]

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

There is no problem with ETH gas anymore. The gas fees look like quite cheap currently. Yes, it is only around 30-40 cents. It is just strange if there are people who have problem with ETH gas fees again. However, the problem is in ETH price that still can't increase as expected. People are waiting for the new ATH of Ethereum. But the price is getting far from the ATH.

Yes ..... what you said is very true. Now it's very different from the past and gas fees are no longer a problem, because it's already very good and acceptable to everyone, so it's true that what is currently being waited for by ethereum is when it will start moving up again, because the correction that occurred was very sharp and there has been no recovery and waiting for that will be a new ATH.

And that's what some might be still afraid of ETH, I mean even if the gas fees are cheap, no one still dares to invest. It means that it has lost the trust of investors sad to day.

Unlike Bitcoin, when the fees has increased we find alternatives, and then when the fees goes down, we go back again to it's Layer 1 network. Unlike ETH maybe some investors goes to Solana and then never come back, IMHO.

if we compare the gas fee issue related to these two top coins, of course people will choose bitcoin and find a way to keep it than ethereum. ethereum's expensive gas fee has a solution, but investors will prefer bitcoin even though it is expensive. that is a fact that we will always see

[yohananaomi]

Fees on the ETH network aren't a problem at the moment because the fees are probably the lowest they have been in years. For example, the fees for usdt transfers are only 11 cents, and the fees for dex swaps are only 30-40 cents. I think this will pleasantly surprise those who have not used the ETH network for a long time.

There is no problem with ETH gas anymore. The gas fees look like quite cheap currently. Yes, it is only around 30-40 cents. It is just strange if there are people who have problem with ETH gas fees again. However, the problem is in ETH price that still can't increase as expected. People are waiting for the new ATH of Ethereum. But the price is getting far from the ATH.

Yes ..... what you said is very true. Now it's very different from the past and gas fees are no longer a problem, because it's already very good and acceptable to everyone, so it's true that what is currently being waited for by ethereum is when it will start moving up again, because the correction that occurred was very sharp and there has been no recovery and waiting for that will be a new ATH.

And that's what some might be still afraid of ETH, I mean even if the gas fees are cheap, no one still dares to invest. It means that it has lost the trust of investors sad to day.

Unlike Bitcoin, when the fees has increased we find alternatives, and then when the fees goes down, we go back again to it's Layer 1 network. Unlike ETH maybe some investors goes to Solana and then never come back, IMHO.

if we compare the gas fee issue related to these two top coins, of course people will choose bitcoin and find a way to keep it than ethereum. ethereum's expensive gas fee has a solution, but investors will prefer bitcoin even though it is expensive. that is a fact that we will always see

If we compare, as you said, of course, everyone will choose bitcoin just like you will, because bitcoin is the main choice so far and will continue.
Ethereum is clearly not doing well right now and is down, but with the gas fee that is better there is no harm in giving it a chance to move back at the end of this year, and we will wait for that.

[dwyane36]

if we compare the gas fee issue related to these two top coins, of course people will choose bitcoin and find a way to keep it than ethereum. ethereum's expensive gas fee has a solution, but investors will prefer bitcoin even though it is expensive. that is a fact that we will always see

Bitcoin is a very attractive asset for long-term holding. And I think BTC holders are happier than ETH holders, especially in recent years.
As for fees, it's worth noting that the BTC network also sometimes has problems with this. Do you remember the hype around ordinaries and runes? Back then, the BTC network fees were absurdly high.