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

[rozak]

I never consider the ETH gas fee as one of the indication of market movement, if anything it means that less people are doing transaction in the market especially the ERC-20 coin market. And as far as I know the price of Ethereum has never been affected by its gas fee, or vice versa. 

it will not affect the price, the most visible is when we make withdrawals from the exchange or transactions from the wallet. when transaction fees will drain so much we can see how exchanges end up raising withdrawal fees for ERC tokens. for trading on the stock exchange, I don't think it will have much effect. because for withdrawals other blockchain options look more friendly.
now we can see how the transaction fee from ERC has decreased. this is pretty good, if it can be stable we could see the adoption of the ethereum blockchain again being the developer's choice.

[Pujangga]

This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.

[ilovealtcoins]

This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.

ETH will remain the ideal choice of developers despite high gas fees. The majority of potential projects will choose the ETH network because it is safer and more secure than other networks. High gas cost is just a pain for retail traders like us, it is not a barrier for whale, shark investors. they won't care about the fees, they will care about their safety.

[bitcrystal]

Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.

[Ojengonggu]

This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.

ETH will remain the ideal choice of developers despite high gas fees. The majority of potential projects will choose the ETH network because it is safer and more secure than other networks. High gas cost is just a pain for retail traders like us, it is not a barrier for whale, shark investors. they won't care about the fees, they will care about their safety.

Exactly what you say because they are more important security than having to accept the risk of losing what else with a large amount of money.
And until whenever the ETH network remains number one, even though now there is a BSC network, it is widely used by us people who have minimal capital.

[inanilujimi]

That's how the ETH network works, when there are many transactions, the gas fee can reach 100 gwei but if there are few transactions the fee can reach 10 gwei.
for now I feel it is time for the market to recover and now is the time to invest in ETH little by little so that in the future there will be no more regrets.

[2tang]

This is a good thing to keep developers from leaving ETH, swap fees that can go up to $50 is crazy, but now swap costs are around $8, although still expensive but this is more reasonable so we can trade on ETH again, and I hope gas costs may keep going down because a few days ago I sent tokens which cost around $4.

The factor of decreasing transaction fees on the current Ethereum network is also related to the decline in the price of Ethereum in the market so that the costs on Gas transactions are also adjusted to the current Ethereum price. Because when the price of Ethereum starts to rise again, then I believe the transaction gas fees on the Ethereum network will also increase again.

[crwth]

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.

It is definitely the time to mint your NFTs if you have one because I remember that it took me at least $30 just to mint an NFT that I created and it's just the start of the NFT era at that time and the fees are definitely high. If you have to have to enter the ETH network, then this is it.

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.

I think if you have spare money to buy more ETH and then have the space amount of risk that you are going to deal with, it can be a great risk. Just remember that it can go in the opposite direction that you have in mind knowing that it can go either direction. Just make sure to manage your risks.

[MadeMen]

No doubt the eth gas fee has reduced as compared to the value we had few months back. I want to believe that this issue of scalability is getting more attention and the developers are working on ensuring that we have lesser cost of transactions. I only hope that the low transaction fee is sustainable for a long duration.

[Bitcoin2009]

Early 2022 I sent tokens from ERC-20 worth $85 but the transaction fee is around $42, and about 2 hours ago I sent tokens worth $24 and gas fee is around $3.8, I think this is still a problem from the network getting slower, it takes more than 4 minutes to reach 2 confirmations, this is certainly better than a few months ago which I think gas costs are already unreasonable.

[monineklutak]

Ethereum Gas Fees are currently cheap, but Ethereum Gas Fees are indeed changing,
it could be in the next few hours the Ethereum Gas Fees will rise again, now at 16 Gwei,
so my advice if you want to trade on Uniswap then now is the time

[mRTHroo]

Truth be told, Ethereum's network fee will never be lower, because I always see that 10$ Ethereum requires 5$ to send. So many people say that the network fee is less if the meta mask is sent from the wallet. Yes, they want less but this coin is for big people so so much network fee is demanded.

[super bako]

at least for example the lowest price of 5$ is good, it doesn't disappoint investors who want to switch to the erc20 network. many tokens are born good on the erc20 network why many investors flock to buy them. then on the other hand i like we can get airdrop on ethereum network if we get it. now busy with frequent transactions on the ethereum net will be good in the future

[posi]

Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.

The reduction of gas fees is not solely related to the ETH price, if you want to keep ETH you can buy it anytime as long as its price is low.

The bears have made the whole market gloomier and trading has dropped significantly so the drop in gas fees is understandable, but it won't last until the bull season. When it's the rising season, transactions will become crowded and network congestion will occur again. Gas fees can only be fixed unless ETH completes the upgrade to POS.

[Subbir]

If ETH gas fees are low it is really great for investors eth is very reliable and trustworthy investors can invest very easily. But many times after the frustration of many investors can not transact due to high fees if eth gas fees are lower, eth will improve further in the future.

[TopT3ns]

Like you said that if it won't go down more then buying now is a good idea. But also for anyone looking to hold for long can buy little now and then DCA if it goes more but it has to be strategic and buy at different levels. I hope the low gas fee will remain like this when bull market resumes. That will be a good relief.

The reduction of gas fees is not solely related to the ETH price, if you want to keep ETH you can buy it anytime as long as its price is low.

The bears have made the whole market gloomier and trading has dropped significantly so the drop in gas fees is understandable, but it won't last until the bull season. When it's the rising season, transactions will become crowded and network congestion will occur again. Gas fees can only be fixed unless ETH completes the upgrade to POS.

I think you mentioned that prices are currently falling, so this should be a good time to buy ethereum in large quantities because when the price goes up it will be too late to buy and of course the transaction costs for sending between exchanges will increase , for those who are experienced in cryptocurrency trading I'm sure they take advantage of situations like this to buy as much as possible.

[Master of Shitcoins]

Low ETH gas fees are also a very good argument to invest in Ethereum right now because Ethereum is getting more improved every day.

Like BTC was suffering from huge transaction problems few years ago, it got solved for Bitcoin now, Ethereum still needs some time to finish sharding but it might improve Ethereum  massively.
A new bull market for Ethereum is imminent.

[Faisal2202]

It's because, eth is around 1000$ and breaks all of its support lines set when it was at 3000$, and yeah it's a good time to buy some alts, or do some shopping, buy we should buy from dip to dip, we should not put all of our money at once, maybe merge will reduce the price of eth fee more in near future but fo now it's due to dip

[Abiky]

Gas prices will go up as soon as the ETH network has a reason to spam transactions, as was the case in DeFi summer 2020 and the NFT hype of 2021, but for now the demand for blockchain space will remain extremely low, then the fees will also go down to low values accordingly. It would be utopian if the gas fees were always like that regardless of the market trend, but this problem is unlikely to disappear in the current form of the ETH network and as soon as the altcoin spring or a new hype starts, the commissions will skyrocket again.

I'm afraid gas fees won't stay low forever, due to the network's limited scaling problems. Once the bull market returns, people will be using ETH like crazy resulting in higher gas fees per transaction. We only have two options: either we wait until gas fees decline, or simply use a Layer-Two scaling solution like Arbitrum or Optimism. ETH 2.0 will improve things, but only for a short amount of time.

What matters is not the gas fees, but rather the network's security and reliability. Decentralization must be prioritized for Ethereum to last for generations. As long as it stays that way, we should have nothing to worry about. Just my opinion

[Juwel580]

Many people do not want to buy tokens and do not want to tet due to the high ether gas fees nowadays but ether countries have decreased a lot nowadays.  If you pay Sell 15, you will have to pay 10 for this 15, so I can say that you have to go a lot earlier. Thank you. Thank you.