...since for canceling a transaction, you need to make a new transaction to yourself, you have to pay fee for a new transaction...
Nobody mention that this fee will be minimal at the moment because when you send a transaction to yourself, you need to use a minimal gas limit which is only 25000 gwei.
Stucked transactions occur almost always on very heavily used contracts where gas limits have to be set up much higher also. When we are interacting with very complicated contract or the transaction has to be routed between a few contracts, for example: ETH - wETH - GOLD - wallet, then it makes the gas limit go higher. This is the simplest way to exchange on Uniswap, which needs at least 150.000 gwei gas limit because less will be not successful.
Suggestion: I am using
1inch exchange. You can use their CHI token to lower significantly the ETH gas fees
.
This is a DEX aggregator, so you have all Dex exchanges in one place.
https://1inch.exchange/Another solution is new DEX nobody talks about called
Honeyswap.orghttps://honeyswap.org/#/swapUniswap clone made on XDAI which makes transactions cost 0.0003$ and there is no network congestion problem, additionally, this is also DEX aggregator.
I think we are seeing a big Uniswap competitor here
.
Now back to the GOLD token. The price of real gold (as we expected) is in a downtrend. Nobody knows how deep and how fast the correction will be or if maybe it will bounce up again?
I have heard so many different theories, that to be honest everything is possible, as for now.
https://goldprice.org/live-gold-price.htmlGOLD token price follows the real gold, so what are your thoughts about the actual price and future moves of gold?