ETH gas fees are low....A great time to get in?

[Mosharafhh]

Yah its a great time to enter in market now market now if you already converted some stable coins this is the right moment to get in cheap. Eth gas fees is lower than previous year!  Last year we forget about eth transaction platform because of bnb cheap fees!

[bittraffic]

Yep I did send the Livepeer token which was airdropped to my old wallet where I only have few ETH enough to  make a transaction. Glad that I did it,I guess I can use the funds to buy Doge. Well Its a great time to also invest ETH, I think it already have bottomed. Although its possible that it will dip again but at least I now have some ETH for token transaction.

[Ziskinberg]

Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.

Well, we have no choice in the first place, as an investor, I look into the time that it gives me a chance to save some cost/fees, that is exactly a good time of entry. But if have been given no chance, I may sacrifice still. What really matters is we are investing in one of the most promising coins in the market. Although that was sad that fees are too high, however, this is not a factor to ignore ETH, no - it still we find ways to cover up the cost and that buying in low and selling high is the thing to do.

[dlightag]

This is a good time to get into Ethereum Network NFTs, and others ethereum blockchain network as the gas fees has dropped, which for a few days now croptocurrency market has been experience bear market, which many coins has dropped in price like wise ETH gas as well, and is good to get into the industries.

[ethereumhunter]

Maybe you should focus on the price of ETH before entering the market. If the price is at a low level or drops below and stays there, you can enter the market and buy ETH because if you buy in the market, the costs you incur are costs that have been determined by the market and probably won't be that big either.

But if your feeling tells you that you need to wait a little longer, you can wait for it to come back until your feeling says you can buy at that time. No one knows if the cost of gas will spike again once the crypto winter is over or it will increase any time soon. Importantly, take your time to determine when to enter the market.

[gunhell16]

It seems that the persistent bear market drastically reduced ETH's network congestion. Gas fees have been ranging as low as 17 Gwei to 30 Gwei on average. The native cryptocurrency Ether (ETH) has been declining like crazy in Fiat terms, so it would be a lot cheaper to buy NFTs or do other network operations than before.

Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.

If that's the case scenario right now, I could say it is a good time to buy and make transaction with it.
Particularly, if you want to buy NFT using ETH payment, this timely I think in my own opinion I guess.
Because, once the price of ETH spike again in the market to increase, the transaction fee surely will follow
by it. Therefore, if you are one of the investors into Ethereum, you don't have any choice but to take the
chance while the price is cheap now in the market.

Maybe we can buy some for now and buy some more when the price drops again later,
it looks like the price will go down again considering the market is still in a bearish condition,
but again it depends on each person's decision

Nice idea Sir, thanks for this statement you gave here I will do this with what you said.
At least I have a reserved capital if ever the price dump again.

[Bitstar_coin]

You are very correct, because of the persistent bear period we are currently in it is very cheap to buy any eth base blockchain project, few days ago, i also did the same, bought some tokens of a project that is only currently running on eth network only and the gas fees was relatively low. i was really please with my purchase because for a long time i have not buy any eth base project because of the high gas fees.
This is definitely the best time to load up on those eth projects you wish you could buy when the gas fess was at its peak. once we are out of bear season the transaction fees will go back to its usual high.

[GelatikKembar]

how can you say cheap?, look at Etherscan Gas Fees are still at $ 1 more,
of course this is still expensive when compared to other blockchains that only require under $ 1,
even BSC Fees are still at $ 0.1 to $ 0.2, I don't know, hopefully Ethereum can fix this when they switch to PoS

[Dart18]

Getting in is not actually the problem. It's the transaction fees and getting out. At my last transaction I dealt above $10 just to let it slide in without any problem because once it does, I am spending for nothing.
It's an ERC20 transaction that's why its expensive and I understand it thats why I go way above the average gas price. Now it's still at $6 for an average transaction, that's not fair for those who want to support NFT who can invest easily but getting out is doubtful because of the waste of money.

[Tony116]

It seems that the persistent bear market drastically reduced ETH's network congestion. Gas fees have been ranging as low as 17 Gwei to 30 Gwei on average. The native cryptocurrency Ether (ETH) has been declining like crazy in Fiat terms, so it would be a lot cheaper to buy NFTs or do other network operations than before.

The drop in ETH gas fees to such lows can partly be due to the fact that the price of ETH has dropped significantly, and with a bear market, transactions will certainly not be as crowded as during a bull market. ETH still won't be able to solve the gas fee problem unless it completes the upgrade to the POS network.

I am not going to present a technical analysis, because long term chart shows it is riding with king bitcoin's halving period where ath happens and drops steadily in the next couple of years. But just in case it won't be the same, then you can actually start buying. Huge financial firms usually invest by tranche.

My projection on eth is it may drop as low as $400 range. But I will start buying from $1,000, then $900, down to $400 if ever it happens. 

I think the same, ETH will most likely drop to $400 this cycle, although just a prediction with no guarantees but I will wait and only start buying when it drops below $700, I will start spreading buy orders.

[kensaii]

It's great for now but then when the market back to bull mode, everything goes back to normal which is back to high gas fees, again. So unless ETH manages and solves those problems one for all with the ETH 2.0 scalable as they promise, we'll be back to square one again.

[$crypto$]

The cost of ETH gas is always unstable and I just checked it's still above 100gwei, of course I think it's still high even though the price of ETH has dropped by a few percent, I don't do much attraction on the Ethereum network because the expensive fees make me lazy even though I know I'm logged into the Ethereum network. in its many good prices because this is one of the strong networks and with high prices especially with NFT available on opensea.
The only thing I want is to bridge this network on the new Dex, but I'll think about how to get in after the current price.

[Samurai trieng]

indeed at this time the cost of ETH gas has decreased, but when compared to the decline in the price of ETH, the gas cost is not comparable to the current price of ETH, because 100 gwei is still very high when compared to the cost of gas from other networks, in my opinion the decrease in gas is because of the decrease in transactions on the ethereum network due to the unstable crypto market so that the transactions decreased drastically.

[Cryptoababe]

ETH 2.0 is coming so. Gas fee should go lower after ETH 2.0 arrives. For me, this is the right time to get some eth. No matter what time we buy, there may still be another dump. The most important thing is to make profit on the long run.

[smartaction]

Ethereum gas fee now very cheap due to the drop Ethereum price a lot. It is a good time to transfer your erc20 token to exchanger if you ar holding token for a long time and you didn’t able to move then for high gas fee. Now you can easily handel Ethereum gas fees. On the other hand it is good for Ethereum coz of it will again attract people to use Ethereum and alao will attract more company for build there token on Ethereum network.

[tvplus006]

The decrease in the load on the Ethereum network is directly related to the bear market and a decrease in the activity of traders. But do not forget that the load reduction is also due to the fact that many traders have chosen alternative blockchains with low transaction costs, which can return again when switching to POS.

[Mamun74]

ETH gas fee are very low now cz ETH price huge dropped. ETH price already touched  $4.8+ in 2021 but it early dropped in 2022.But this month ETH price dropped and reached around $1k.Last 2-3 years ETH gas fee very high. Many people usually using BSC transaction network cz ETH gas fee very high for small investor. I Think this problem will be solved after ETH 2.0 update.

[Dessy88]

Many of people accepting bsc network now so i don’t think they will come back eth network quickly. There transaction service fees is biggest so that's why people leave erc20 network. You may knows every transactions has lower fees in bsc network so i personally Won't back erc20. Almost all new projects are now embracing the bsc network so investors will now notice this so the erc20 network is less likely to return.

[Cornia]

ETH gas fees are much lower than before, but the gas fees of other networks have been reduced more than the ETH network. ETH network gas fees are rarely available at 17 to 30 gwei. At the time of writing this post, the ETH network's gas fees are 156 gwei which is much higher. I think you should wait longer to get in.

[danherbias07]

For NFT users, yes. This might be their best time to avoid certain fluctuations again in Ethereum-based projects like games or just investments.
There are still more out there who uses the ERC20 and I don't think they will be changing that sooner.
Buy some Ethereum and keep it or directly use that Ethereum to buy NFTs.
An opportunity that might not happen again soon. Not until the Ethereum 2.0 comes out. So for those in rush I'd prefer this cheap time and maximize it as much as possible.