Bitcoin Forum

what happen with the market lately, when the price of eth and other erc20-based tokens down the opposite happened to the gas price.
Do you think this situation is only temporary or will last long until new year 2019.? what is the max possible gas price(gwei).?

ETH network gas price (number of GWEI) is not dependent on ETH or token prices. It goes up when ETH network has high number of transactions to process and goes down when network is idle. https://ethgasstation.info is the site to check what GWEI to use at any time. GWEI values below 10 can be considered as low while values above 50 are high. 

If you look att he price of Ether against BTC, you can see it is not down the way you make it to sound, the BTC price is wha drag the whole market down, from $9800 to $7500, that is a huge loss, as for the Gas price this is a dynamic price depending on the congestion on the network

yes of course as we know with the gas price depends on the network used, and I also always use the gasstation to check gas gwei, I mean here is when the price eth/tokens decreased and gas prices increased it means many people panic to sell the assets/tokens they have.
It is from my question whether this situation will be temporary or forever until 2019

It could be high gas because many buy ETH and many follow ICO using Eth platform. Could this be a sign the price of crypto will rise again ???

it is not appropriate, if eth goes down then gas price will automatically decrease, because gas value will be affected by ethereum price. we can also set the gas level, if you want cheap gas then the transaction will be slow or normal and if the gas is set expensive then the transaction will be very fast.

I noticed too that the eth gas price is getting expensive. Two of my latest transactions, goes pending for two days until I raised my gas limit into 200K and 30 Gwei. I just hope that it is temporary because I read that it is due to too many transactions are being in line for process and traffic are very high.

what do you mean.?

that is not true, gas price does not depend on eth price, but depends on the high of the transaction activity on the network used (pool/miner)

If you do that right now, you'll only find transactions pending for a long time, or maybe the transaction failed

I think price is bearish not only for ETH but same goes for bitcoin at altcoins. Most of the ERC20 projects are now migrating to their own blockchain, so it is expected that there will be a ETH sell off.

don't use gas more than 20,it's waste your eth. i think gas become higher because there too much pendingtx and decrease miners

I think the condition is only temporary as the market will re-stabilize itself and coin will begin to go higher thereby reducing the price of gas as the rate of congestion on the blockchain will be reduced because by then people will be more interested in buying and holding than selling because of the fall in price.

this is really troublesome, yesterday I tried to transfer ethereum to another address, after several times always failed, but when the gas is raised, it could be easier .. very annoying.