ETHEREUM GAS FEES MIGHT NEVER GO DOWN AGAIN

[BayAngelo]

With the current situation of things in the ethereum blockchain. i think the ethereum has gain much value and adoption with the rate at which the DEFI markets are gaining attention. Uniswap exchange, the number one leading exchange in terms of ethereum token trading volume has made tremendous update where blockchain projects and DEFI  can list their own markets(list tokens and their trade pairs) within the UNISWAP platform. such introduction will continue to increase as  the DEFI market continues to dominate.

With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.

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[@baoli]

Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.

[Coin-Behind-You]

Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.

trx is good, but I prefer polkadot because the cost is cheap same as trx, and the transaction is fast and don't forget that polkadot token trend is better than the trend token using trx blockchain, and this eth gas problem seems to be final and to expect gas to fall is with ethereum v2 which will be released next year.

[Keeng Daveed]

Positive!!!, its a clear prediction. I'll go with your preference of TRX too, I still prefer the TRX network to Polkadot.

[Gunday_07]

Despite it gain such adoption if this high price of transaction fees continues so many projects will abandon ETH. I want transfer token worth 200$ and gas fee was 35$, this is ridiculous. Currently , I prefer the trx network.

The only game changer is the upcoming ETH 2.0 that I believe will bring cheaper transaction fee that what we currently have now but I don't know what day or time the upgrade will commence, let's all have patience and wait

[Gunday_07]

Every one keeps talking about Tron, I believe that the reason why Tron gas fee is cheaper is because the coin is still cheaper itself, it's same thing for Doge coin or litecoin too, just imagine if one trim coin costs 500$ wont the gas fee increase?

[danherbias07]

Déjà vu.

When ICO's are hyped we also saw how the price of Ethereum transaction fees went up.
Which is because, most of their primary method of payment is ETH.
The hype will calm down. It always will and fees will go back to normal. No doubt about that.

[Princejebs]

No one is talking about how this will end the dream of bounty hunters. Imagine, having token that is worth $30 with a fee that's high as $15, is that balance at all?
This is opportunity for other competitors to displace ethereum with this huge gas fee.
This is similar to 2017 ICO maniac

[Pffrt]

Transaction fee has been increased because the number of tx in ETH blockchain has been increased which barely have anything to do with the price. Apart from that, ETH supply isn't limited which over the time will create deflation. I don't think we will see ETH $1000 anymore.

[jpnl0006]

With the current situation of things in the ethereum blockchain. i think the ethereum has gain much value and adoption with the rate at which the DEFI markets are gaining attention. Uniswap exchange, the number one leading exchange in terms of ethereum token trading volume has made tremendous update where blockchain projects and DEFI  can list their own markets(list tokens and their trade pairs) within the UNISWAP platform. such introduction will continue to increase as  the DEFI market continues to dominate.

With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.

The price appreciation of ethereum is never a problem, as a matter of fact it is even better for investors as they currently enjoy a very high return on investment and keeps them smiling as they cash out. But the gas paid on ethereum is fast becoming a challenge as people hardly transact from theri wallets as the prices are seeing the roof.

[semobo]

Wait for it,the defi itself will be disappear in next few months the same thing happened with ICO as well.Quick profits sessions are nit going to stay here forever and don't get fooled by the marketing strategies from projects.

[shakesbear]

Well, I stopped making small transactions a long time ago, I think many people do too, now the network is used only if for farming and large transfers.

[jacafbiz]

Ethereum is becoming unusable, I know some people will disagree with this, a network with $10 transaction fee is not sustainable but my concern is that all these Ethereum killers are not taking advantage of this, I know Serum is betting on Solana and Podaldot teams is showing signs but they need to build infrastructure to support their platform

[ije07]

it seems true, that the increase in the price of Ethereum has something to do with the current Defi Project, Defi has attracted the attention of the public, especially coin investors. On the other hand, it is affected by the significant increase in BTC price above $ 11K. I think the current market situation is very good and a bullish market is likely to come soon.

[militiariko]

I think etherum gas fees are becoming frustrating and this is far from the true blockchain ideology. It is said that from ethgasstation, fastest gwei to send out was 470 gwei, which is so high and outrageous. And there is no corresponding increase in etherum prices, why then is the gas fee so exorbitant ?

[jossiel]

It would be interesting to see again Ethereum hitting a thousand dollars once again. But the recoil of it would be the fees. Not unless the network calms down and the demand for defis start to dry, fees will also calm down.

But I wouldn't comprehend that the network fees for Ethereum might never go down. It's like looking back to the ATH days when the fees were high or the crypto kitties trend but after those, the fees went lower.

[Baimovic]

The beginning of the month was welcomed by ethereum, as we have seen now that Ethereum is moving significantly or to be precise the current Ethereum price is $ 479. I think if the price of Ethereum continues to increase it will affect the cost of gas. If you look at the previous month when the price of Ethereum was still cheap, the price of gas was also cheap, and vice versa.

[bttmember]

With the current situation of things in the ethereum blockchain. i think the ethereum has gain much value and adoption with the rate at which the DEFI markets are gaining attention. Uniswap exchange, the number one leading exchange in terms of ethereum token trading volume has made tremendous update where blockchain projects and DEFI  can list their own markets(list tokens and their trade pairs) within the UNISWAP platform. such introduction will continue to increase as  the DEFI market continues to dominate.

With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.

Do not worry as far as i know there are many solutions being worked on. Even some other projects like qtum are working on this issue plus i am confident eth developers will also come up with solutions soon.

[eaLiTy]

With the recent situation, i don't think in any way that the gas fees will ever go down and we might see ethereum prices hit 1000 again.

Wait for the hyped ETH 2.0 to roll out and we will see whether these situations will be sorted. I remember how Vitalik Buterin used to mock the high fees of BTCitcoin in the past and how ETH is a much advanced shit which will never get congested and the fees will never rise because of faster block time period but time has shown everyone that these dreams were just a farce and that makes me chuckle .
No comments about the price as you never understand how these speculation and pumps work, common sense says that if the transaction fees keeps on increasing there is no way people will invest in it but cryptocurrency is a different monster .

[optimisticcm]

The only positivity in this congestie scenario is that ethereum network and its userbase has grown to new heights and especially the number of transactions has really exploded which also indicates strong organic demand for eth and no wonder price will surge parabolically sooner or later.