I think only certain coins are really up to following eth price, it can be said that the ERC coin has a good team, concept and development that will accompany the ETH movement.
There is no solution to the high gas problem. I think most of us have to wait for the next stage of ETH 2.0 development
Topic: Ethereum now looks like a complete joke - page 3. (Read 1120 times)
Ethereum is not a complete joke, since there is no law guiding any simultaneous rise in ethereum together with the other coin embedded so this will have an higher effect on it. The gas fee also is alarming and will be happy if it reduced.
The main problem of Ethereum is its huge commissions. All fans of this cryptocurrency can just wait for all the innovations of version 2.0 to take effect. But the developers seem to have promised to fix this problem as quickly as possible. After that, Ethereum will be even more firmly established in the crypto world.
I am waiting also about the improvements brought by eth 2.0, since it is still in the early stage, we haven't seen the effect yet. Maybe, once phase 2 is fully launched, we will feel its impact. But right now, we don't know when will that be. I hope very soon, so people are not speculating that eth is a joke.
It's following BTC in price just like many stronger altcoins, it's nothing new.
In 2017 it pumped much stronger and faster because of ICOs but many people got burned there and they won't get fooled twice, so now most of these people stay away from new trending projects and prefer to invest in bitcoin. For this reason you got a crazy price of Bitcoin while altcoins are creeping behind.
In 2017 it pumped much stronger and faster because of ICOs but many people got burned there and they won't get fooled twice, so now most of these people stay away from new trending projects and prefer to invest in bitcoin. For this reason you got a crazy price of Bitcoin while altcoins are creeping behind.
I hated the fact that eth gas fee is too high but there is no way we can stop this from happening, all we can do is watch the gas fee from time to time since it's not fixed price, the value increase and drops in minutes, hours or days
There are two things that I saw from this Ethereum, first is lucky to those who hold ETH at the moment,
However, the bad news was the gas fee totally too high, where the majority of the community here in crypto space
are aching for this transaction charge for ETH. is there any other way to avoid this high fee of ETH?
However, the bad news was the gas fee totally too high, where the majority of the community here in crypto space
are aching for this transaction charge for ETH. is there any other way to avoid this high fee of ETH?
As far as I know, no. There is currently no additional way to avoid high commissions. The only thing that can be done is to find the right time for transactions.
For example, on Saturday and Sunday you can find times when transactions are quite cheap.
This fee problem gonna hold on for a long time for sure. Their ETH 2.0 upgrade which supposedly solve this gonne come gradually and that's plenty of months, considering how crypto market moves really fast the bull run might aswell ended before the fee issue even resolved. I mean, Imagine using platform like uniswap and you got charger many bucks just for exchanging coin and the fee for moving out money still not accounted in this case, the whole ethereum blockchain in the state of madness right now.
I think you came to the conclusion very early. Patience is also the key to success in the crypto market but I agree Eth Gas fee is quite high but to avoid high fees one should check it regularly it always not remain high. We can transfer when the gas fee is low its not a big issue. There are many ERC-20 coins that rise quite well in recent times and still rising but your expectations are high I believe you want most of the altcoins should rise but I must say we can not expect shit coins will also move with Ethereum.
Ethereum is not a complete joke, since there is no law guiding any simultaneous rise in ethereum together with the other coin embedded so this will have an higher effect on it. The gas fee also is alarming and will be happy if it reduced.
It's always going back to the low gas price again when there's no a lot of txs in the network. What you need to do to waiting for the gas to go back again. I have been sending ethereum a few hours ago and it consumes me around $1 and $2.5 for the token transfer. It's not a joke but it looks like OP was feeling frustrated with the high fees that happened when the network gets congestion. It's a common thing because it's not only him but all of small holders were not able transacting their tokens into the network.
It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.
Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain
Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain
Well apparently only eth was able to shine with btc, completely took the spotlight and left most of the erc20 tokens behind, just completely shows how vulnerable most of this erc20 tokens are,
instead moving along side eth most of them where either stagnant or decrease in value, too bad alts were not able to perform as expected (well maybe not yet), anyways, too early to tell.
Ethereum is not a complete joke, since there is no law guiding any simultaneous rise in ethereum together with the other coin embedded so this will have an higher effect on it. The gas fee also is alarming and will be happy if it reduced.
It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.
I feel your frustrations but in my own opinion the price is determined with the relation of supply and demand. If not manipulated, the price will surely go up if there is demand and the circulating supply remains constant. Maybe some of your erc20 token that you hold are shitcoins thats why there are no demand at all.
We all love Ethereum, but it must urgently find a solution to high transfer fees. In this way, it can no longer take place in the blockchain world.
New projects are rapidly being produced and nicknamed Ethereum-killer. One of them project could someday defeat Ethereum
New projects are rapidly being produced and nicknamed Ethereum-killer. One of them project could someday defeat Ethereum
It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.
If you're shocked, then you've never looked at most of the ERC20's. 99% of the ERC20 tokens are complete garbage. Sorry for the choice of words, but it is correct. There are very few who really have a use and these are mostly tokens that are about to switch to their own chain.
Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain
Similar to above: Already in 2017 it was shown that with increased use of the Ethereum chain (at that time triggered by the many ERC20s due to the ICO boom) the fees increase extremely. Seen even stronger than Bitcoin's fees in relative comparison. That was more than three years ago, and little has been done in development to improve it. If this surprises you, then you haven't looked closer at Ethereum at all.
I don't think it is right to blame ETH because the value of the altcoins that are in the ERC20 blockchain does not increase, gas costs do not continue to be expensive because I know the cost of gas is according to the number of user traffic. the more traffic, the greater the costs you have to spend, there is absolutely no relationship between ETH and the altcoins running in its block regarding the price. just ask the owner of the project why the altcoin value is not increasing, because what I know is the hype that was created did not come naturally.
I completely agree with your opinion that you need to wait a certain time until the altcoin season comes, but until that time, very bad circumstances may develop for Ethereum, and today, due to the high cost of the transaction, many developers may leave the erc20 platform. We all expected the EHT 2.0 update, and hoped for an improvement in the scalability situation and, accordingly, a solution to the problem of high commissions, but the situation does not change and I am afraid that Ethereum may lose relevance over time.
Vitalik Buterin could not assume at the launch of ethereum that his project will become global and will need to simultaneously serve transactions estimated in the hundreds of millions. And this problem with the scalability of Ethereum will not be solved soon, since only phase "0" of EHT-2 is currently running.
I think it will be stable after eth the launch of eth 2.0.
Because of eth's transferring is limited to 1800 per minute the price are pumping.
It will be solved after the launch of eth 2.0 hopefully.
Because of eth's transferring is limited to 1800 per minute the price are pumping.
It will be solved after the launch of eth 2.0 hopefully.
This seems wrong, because some tokens on the ETH network have increased. this happened in addition to the increase in price from Ethereum as well as from bitcoin. the impact is when the price of bitcoin is stable the price of altcoin will be bullish and yesterday you could witness a huge increase in altcoins
Increased in price, market value, which we all know is not really indicative of any real long term intrinsic value. Imagine that even Bitcoin with all its proven utility still raises questions of intrinsic value (which I do not agree with),,, what more other networks where they have yet to achieve real world scale and usefulness?
It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.
Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain
Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain
That a token is based on Ethereum blockchain does not mean that as Ethereum piece goes up, the tokens as well is meant to go up, the only thing Ethereum offered to all tokens built on its blockchain is a foundation on which they can kick off their development, now what the team do afterwards is up to them, that is, where some will work hard to make their token worth it, others will either exit scam or abandon their project, therefore in essence, Ethereum have no business with the price of any token on its blockchain. The samething that happens with ERC tokens is the same that happens with other blockchain's tokens, the growth of a project is left to the team. On the other hand, to be frank selling some ERC tokens atimes seems to be hard, not because you can't sell but considering the gas fees, you might just give up but it looks like there is nothing anyone can do about it than to wait for the ETH 2.0 with hope the high gas fees will be sorted out.
isn't this good, when the ethereum pump altcoin also joins the pump this indicates that ethereum has a big effect on altcoins, which in fact are not altcoins that use the Ethereum platform only but there are many more, but on the other hand we have to find expensive shipping costs lol
It doesn't look like altcoins will pump hard this time around, it's still shocking that many ERC20 tokens under Ethereum are not really appreciating in value even when Ethereum reached 1200$, I have nothing to say than to ask what the heck is going on.
Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain
It's going to be difficult for a while until L2 opens up to all ERC20s. Some projects are using token bridges to other blockchains so users can interact with those chains and trade. 0xMR for example is on xDAI Chain, Syscoin, and incognito chain. Another issue is the insane gas fee of ethereum, I have been holding ERC20 tokens the most and to even sell right now is killing me inside because it costs over 10$ to move my ERC20 tokens to exchange, I might just have to give up on this heartbreaking Ethereum blockchain
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