i think one of the major reason why ethereum remain at the current market price is the current gas fees that has drive new and low fund investors nuts. we are meant to believed that the launch of ethereum 2.0 will solve the issue of gas fees and allow faster transaction. this will be confirmed when the upgrade takes place. currently many projects are gradually migrating to other platform. although this might not affect eth but it is gradually hurting new investors and also ethereum ,marketcap.
Hello guys,
Since I am an Ethereum supporter and I am updated about what the Eth2.0 will bring us, I don't know if you have read about the EIP-1559 solution.It is the final component to Ethereum’s economic system. It solves the UX surrounding gas management.
The two main things included into the EIP 1559 stuff are:
- Establishes “the market rate” for block inclusion.
- Burns the majority of the ETH in the transaction fee.
If we burn the bulk of the ETH in transaction fee, we will provide a deflationary mechanism to Ether’s supply and that's a real benefit for all Ether holders equally, rather than exclusively benefiting validators.
There are many information about this stuff on google in case you need some extra details, just write EIP-1559 on google