That's how the ETH network works, when there are many transactions, the gas fee can reach 100 gwei but if there are few transactions the fee can reach 10 gwei.
for now I feel it is time for the market to recover and now is the time to invest in ETH little by little so that in the future there will be no more regrets.
Topic: ETH gas fees are low....A great time to get in? - page 3. (Read 678 times)
This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.
ETH will remain the ideal choice of developers despite high gas fees. The majority of potential projects will choose the ETH network because it is safer and more secure than other networks. High gas cost is just a pain for retail traders like us, it is not a barrier for whale, shark investors. they won't care about the fees, they will care about their safety.
Exactly what you say because they are more important security than having to accept the risk of losing what else with a large amount of money.
And until whenever the ETH network remains number one, even though now there is a BSC network, it is widely used by us people who have minimal capital.
Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.
This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.
ETH will remain the ideal choice of developers despite high gas fees. The majority of potential projects will choose the ETH network because it is safer and more secure than other networks. High gas cost is just a pain for retail traders like us, it is not a barrier for whale, shark investors. they won't care about the fees, they will care about their safety.
This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.
I never consider the ETH gas fee as one of the indication of market movement, if anything it means that less people are doing transaction in the market especially the ERC-20 coin market. And as far as I know the price of Ethereum has never been affected by its gas fee, or vice versa.
it will not affect the price, the most visible is when we make withdrawals from the exchange or transactions from the wallet. when transaction fees will drain so much we can see how exchanges end up raising withdrawal fees for ERC tokens. for trading on the stock exchange, I don't think it will have much effect. because for withdrawals other blockchain options look more friendly.now we can see how the transaction fee from ERC has decreased. this is pretty good, if it can be stable we could see the adoption of the ethereum blockchain again being the developer's choice.
I never consider the ETH gas fee as one of the indication of market movement, if anything it means that less people are doing transaction in the market especially the ERC-20 coin market. And as far as I know the price of Ethereum has never been affected by its gas fee, or vice versa.
Yes, that's right, the fees for transferring ETH or ERC20 tokens are indeed drastically reduced. But behind it all, the price of ETH and ERC20 tokens has also dropped drastically. So this might just be the right time to transfer them. Meanwhile, it will not be easy to sell it because the price of the tokens has also dropped drastically. The question then is, will they survive? Especially in the current industrial era which is always more advanced and looks fresh.
in the decline in ETH this time I tried to collect back ETH. because I also think this is a good opportunity to start collecting and holding them. because sometimes I need ETH for NFT gas costs and so on. so if at the current price, the fee feels cheaper than a few months ago when eth was in Ath.
I think this bear season will last a bit longer until winter comes so the price level will likely stabilize at $17k-$21k so if you find the lowest level from these few months you better put in a little bit of your capital and buy some assets for long term and get ready for winter this year because in winter Crypto prices will start to improve again at the level of $30k.
gas talk on Ethereum has now increased back at 85 Gwei.
gas talk on Ethereum has now increased back at 85 Gwei.
For NFT users, yes. This might be their best time to avoid certain fluctuations again in Ethereum-based projects like games or just investments.
There are still more out there who uses the ERC20 and I don't think they will be changing that sooner.
Buy some Ethereum and keep it or directly use that Ethereum to buy NFTs.
An opportunity that might not happen again soon. Not until the Ethereum 2.0 comes out. So for those in rush I'd prefer this cheap time and maximize it as much as possible.
There are still more out there who uses the ERC20 and I don't think they will be changing that sooner.
Buy some Ethereum and keep it or directly use that Ethereum to buy NFTs.
An opportunity that might not happen again soon. Not until the Ethereum 2.0 comes out. So for those in rush I'd prefer this cheap time and maximize it as much as possible.
NFTs are a real bargain these days. Especially when their price in ETH terms are unchanged. You can purchase cheap ETH with Fiat to buy NFTs at a huge discount. I'd advise anyone to do as many operations on the ETH blockchain as possible before gas fees rise back to their previous levels. That said, bear markets are a great way for you to expand your wealth in the future. Who knows if we never see sub $1k ETH prices again as the Ethereum blockchain becomes more popular than ever? Just my opinion
But bsc gas fees very low and upcoming every project bsc network. You habe to know this year huge investors leave erc20 transactions and many old project complete new network bcs. If we gonna transactions 50$ of value erc20 token then we need to pay 25$ network fees so you understand why we not like erc20 network.
The eth fee has no doubt reduced substantially, I doubt it's as a result of the falling prices, though it's possible to say that the the blockchain has a reduction in the number of transactions. That could be a logical reason for the sharp decline in the transaction fees. I only hope that we'll experience this decline in transaction fee for a longer duration.
ETH network's gas fee is now reduced but still much higher than other networks. If the bear market persists for a few more months, maybe the gas fee will go down further. Similarly, when the crypto winter ends, the gas fee will increase again. But now this network can be used because gas fee is tolerable.
Bitcoin prices have been slowly declining since March. The current bitcoin price is 20k. However, the future price may increase a lot.
Ethereum gas fee now very cheap due to the drop Ethereum price a lot. It is a good time to transfer your erc20 token to exchanger if you ar holding token for a long time and you didn’t able to move then for high gas fee. Now you can easily handel Ethereum gas fees. On the other hand it is good for Ethereum coz of it will again attract people to use Ethereum and alao will attract more company for build there token on Ethereum network.
The drop on its price have contributed but other than that, the bear which scares and lessen people to transact have also helped the fees to subside. You will say that now is the time to trade our erc20 coins but have you ever realized that we are in a bear? Yes the price of the tokens and most especially the sh*t coins are also badly affected. In the end, we are still going to pay more for the fees than to the amount that we are getting once we sold them.Many are attracted in eth because it's cheap and the coin is very promising to invest but for the token creators to switch to eth network? I am not sure of that because they will think what if the situation returns to normal when the bear disappeared?
It seems that the persistent bear market drastically reduced ETH's network congestion. Gas fees have been ranging as low as 17 Gwei to 30 Gwei on average. The native cryptocurrency Ether (ETH) has been declining like crazy in Fiat terms, so it would be a lot cheaper to buy NFTs or do other network operations than before.
Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.
Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.
Gas prices will go up as soon as the ETH network has a reason to spam transactions, as was the case in DeFi summer 2020 and the NFT hype of 2021, but for now the demand for blockchain space will remain extremely low, then the fees will also go down to low values accordingly. It would be utopian if the gas fees were always like that regardless of the market trend, but this problem is unlikely to disappear in the current form of the ETH network and as soon as the altcoin spring or a new hype starts, the commissions will skyrocket again.
Yes the gas fee being extremely low is a sign that it is about time to get in into the Cryptocurrency world or get dipper inside. But once still has to be careful and also invest only the amount one can afford to lose because the market might go dipper from what it is at the moment.
Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.
Well, we have no choice in the first place, as an investor, I look into the time that it gives me a chance to save some cost/fees, that is exactly a good time of entry. But if have been given no chance, I may sacrifice still. What really matters is we are investing in one of the most promising coins in the market. Although that was sad that fees are too high, however, this is not a factor to ignore ETH, no - it still we find ways to cover up the cost and that buying in low and selling high is the thing to do. In a world like that, I have to say that it’s not going to be that simple for anyone to tell me profits are based on what they invested couple days ago, of course it will take a few years to be really rich but we have that option at least. ETH gives me that option, to become richer, and that is why I think crypto, the top ranked ones, including ETH, is the only way to go.
I'm still waiting for a clear signal
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