Ethereum now looks like a complete joke

[Mighty_crypt]

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

[Reid]

Is it really like that?
Should every ERC20 token rise in value whenever Ethereum does?
Why should it lean over Ethereum price when they have their own market?
Isn't it enough that they used Ethereum to create their contract for their dusty projects?

Perhaps, you should ask the devs of your supported project why their tokens are not appreciating in value.
Gas fees depend on traffic.

[republicrypto]

it doesn't mean if ethereum price growing then all tokens that created on ethereum blockchain will grow too my friend
because its depends with the project itself, not depends on ethereum price, you should know about that
regards

[Brindez_kromo]

I also felt the gas price was really crazy so I thought about holding back or doing transactions,,, but lately Ethereum-based projects very high transactions and make to higher gas prices. I regret not moving the token before the increased traffic on the transaction Altcoin
I've been guessing about that,, because investors only focus on big coins and don't interested in going to Altcoin so it doesn't have much of an impact on altcoin prices.

[sangkler11]

you're mistake bro, other altcoins (Ethereum-based tokens) not following the Ethereum price, depending on the performance of the token itself.
Indeed, ethereum transaction fees are unstable and so high, that's because ETH 1.0 can only support 30 transactions per second which causes delays and congested.
i hope Ethereum 2.0 can solve this problem.

[cryptoperkele]

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

Insane gas fee has made most eth dapps pretty pointless for regular user. But that's what the sharding is supposed to fix and this price growth is all about speculating that working ethereum chain will be worth a lot. But i don't get why your random erc20 tokens should have value in the first place? Just because they run on eth?

[Xxmodded]

I think not joke make by ethereum but depend on how bitcoin and altcoin situation right now, almost altcoin keep depending price on bitcoin when bitcoin suddenly dump like today just waiting with altcoin will dump too. Now happen how ethereum could dump more than 300$ only one day because bitcoin dump more than 10k$, I think is usually happen when bitcoin dump altcoin will dump and waiting for bitcoin raise to higher price again to see how altcoin can allowed with bitcoin price.

[dimonstration]

Is it really like that?
Should every ERC20 token rise in value whenever Ethereum does?
Why should it lean over Ethereum price when they have their own market?
Isn't it enough that they used Ethereum to create their contract for their dusty projects?

Perhaps, you should ask the devs of your supported project why their tokens are not appreciating in value.
Gas fees depend on traffic.

Even ETH is struggling when BTC is reaching multiple ATH, only just few days ago ETH able to pump since BTC is already too high yet it's not enough reason for other coins to also increase in price. Other  investors were trying to put some hype on ETH but it doesn't mean other projects will be affected too, there are too many projects that are in ETH platform but does2have any product development or reason to be noticed.

[Coyster]

Ethereum doesn't control every ERC20 token, they also have to develop their own system, you don't expect ERC20 tokens to do nothing on the network and simply rise/fall whenever eth moves in either direction, and if that's your reason for calling ethereum a joke, then you've totally missed the point. If you have a problem understanding what's wrong with most tokens you've invested in, I'll advice you leave such tokens and invest in Ethereum itself. And as for Gas/transaction fees, it goes up/down at certain times, it's normal in the crypto market.

[Xardasim]

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.

The price increase of ETH does not affect the tokens based on it as much as you think. Trading is the most effective factor in this regard. Already this increase did not affect those who were not on the top list, regardless of coin or token.

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

We may always encounter such cases. The increase in transactions is a good reason. I do not know where you saw the $10 fee, but I did not. At least, you can wait for the right time or control the fee yourself.

[jacafbiz]

Market moves in Circle and when I see post like this it makes me feel like we are almost at the bottom and Altcoins is set to pump, during DEFI mad run between July to September nobody talks about the gas price because they are all making money and the profit will pay for the gas, I believe with all the solutions people are proposing for the L2 the issue of gas will be alleviated for sometime until Ethereum 2.0 is launched

[bttmember]

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

The situation is tough but if you have been here for sometime you would know that gas fee keeps fluctuating up and down sometimes it is very high sometimes low but yes till eth 2.0 is fully activated we have to suffer this thing but hopefully not for long.

[ElaineGanda]

it doesn't mean if ethereum price growing then all tokens that created on ethereum blockchain will grow too my friend
because its depends with the project itself, not depends on ethereum price, you should know about that
regards

Agreed, it depends on the performace of the project and stability and dominance of the coin itself. Maybe we can consider the ETH as preference of our coin trend but not totally will depends on it.

[Mahanton]

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

When people do expect that the bull  run would really be just like the same on what happened in 2017 then this one is totally different, it do focuses out more in bitcoin and top altcoins
without minding about those coins who had been similarly using the same platform like erc20 that's why you can see that they aren't moving prices plus having those insane gas fee
isn't really that something to be shocked about.It did really happen for several times already when market tends to reach up new heights or hype then you can expect these numbers.
A joke? then deal with it since these things cant be avoided and if you don't like to pay up those fees then simply skip out on making transactions.

[itovault]

There are lots of serious ERC-20 tokens that are still doing pretty well.  For example SNX is up a lot.  You need the project to use the coin in a way that increases its price.

[ife2020]

One thing about crypto currency is that it preaches honesty and sets reality in for everyone; blame game does not work either. In crypto currency; its either you do it right and get it right or the other way roubd; if it doesn't  go your way or as predicted, learn and take corrections, don't blame or shift excuses. Etherum has done well in the market; rosed up to $1200+, stable for good long while and retraces (which is normal). Failing to take profits when it matters means theres still alot to be learnt. Get on with it and improve, because etherum is not a joke.

[Princejebs]

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

Do you know what? Many people learn fr their mistakes and that's why altcoins weren't going up during the bitcoin pump. Ico failed them and if I was one of the unfortunate situation, I wouldn't consider you to buy altcoins because they pose high risk to your portfolio, that's why people believe Ether.

If you are talking about transactions fee, it's better you invest in Tron altcoins ( not a financial advice ) than loose half of you funds into an unnecessary issue.

[flagpara]

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

Maybe you aren't monitoring all of this ERC-20 token. Some of this ERC-20 token value is higher than Ethereum. We know that this time Ethereum is being forced to price pump, but the whole Ethereum isn't a complete joke as transaction cost increases. Still, Ethereum is the King of altcoins.

[devollito]

Ethereum gas fees is insane it is worst than bankster robbed you for the transactions fees, binance smart chain better fees, or maybe polkadot will fix these problem in ethereum and replace ethereum in 2nd place marketcap.

[Shasha80]

Like you are misunderstanding about ERC20 tokens, because the increase in the price of Ethereum will not make all ERC20 tokens go up either.
It's not that the ERC20 tokens are on the Ethereum network to be affected by the Ethereum price, All ERC20 tokens move depending on
the respective project team. So if you want to invest in ERC20 tokens, choose an active and trusted project team. For the problem of gas fee of
Ethereum which has increased, it did happen because of the very busy Ethereum blockchain network transactions. Regarding this gas fee,
we haven't found a solution at this time, and this is normal happen in the crypto world.