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

[Pelana vreo]

The reduced Hype NFT and DeFi make gas prices go down, as we know, uniswap and Opensea contribute a lot of ethereum to burn when Eip-1559 is activated. currently transactions on Dex and opensea seem to be on the decline, therefore gas costs are also going down, but I still see gas prices for swaps over $5 usd and I think it's still high.

[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.

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.

Of course, there is no better time than now, I still believe that the market will continue to fall and the bear season will not be over. It's all just a matter of personal guesswork, so if you want to make a profit later on, then when the market drops sharply, then you should buy. The decrease in the price of ETH and the decrease in gas fees is also a good time to transact on the ETH network like NFT, tokens ... you should take advantage of them or it will go high again soon.

[WeedGoW]

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.

Of course, there is no better time than now, I still believe that the market will continue to fall and the bear season will not be over. It's all just a matter of personal guesswork, so if you want to make a profit later on, then when the market drops sharply, then you should buy. The decrease in the price of ETH and the decrease in gas fees is also a good time to transact on the ETH network like NFT, tokens ... you should take advantage of them or it will go high again soon.

Unless you are in tokens that require a daily amount of transaction hence fees for usage, the price drop on the fees doesn't do much. Most tokens and ETH can be bought and invested at the exchange so I see no reason why this is a big thing.

[asyakashi]

This is a bear market, ethereum really deserves the gas fees to decrease because most investors take profits and then leave ethereum leaving small investors who trade. As long as gas fees are cheap, it is very suitable if you want to trade on ethereum because I believe gas will be expensive again if the bear market is over.

[|MINER|]

This is a bear market, ethereum really deserves the gas fees to decrease because most investors take profits and then leave ethereum leaving small investors who trade. As long as gas fees are cheap, it is very suitable if you want to trade on ethereum because I believe gas will be expensive again if the bear market is over.

I also think that gas fee will be expensive when the market will return back to bull-run. On the one hand, this is a problem, but on the other hand, for those who are long term traders, I do not think it can be problem problem for them. Because if they invested now they can be take a good profit from this and that will easily cover the gass fee. Yes gas fee is a problem for small traders . But if you are looking to invest in alt-coin then Etherium is the best and secure option for you . Now this is the perfect time to invest in it

[Xal0lex]

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

If decentralization is such a priority for Ethereum, why does the network strive for PoS, which implies centralization. After all, if you own tokens in the network, then you have voting rights, but since tokens are unevenly distributed and there are many whales with big wallets in the network, it turns out who has more tokens has more voting rights and thus influence over the network. In my opinion, if ETH ever launches PoS, the network will move far away from notions of decentralization.

[Jaered]

I also noticed the ridiculously low eth gasses. Who would have known they would be this low by this time this year. The unpredictability of crypto strikes again. I used the opportunity to fill my bags and trade some tokens that I have been accumulating due to high gas fees

[GowithMi_GMAT]

Currently the gwei that is given is only 13, does it prove that there are very few transactions on the Ethereum platform or opensea is quiet because gas costs are usually high because of the large number of transactions that occur on open sea and currently ranking transactions on open sea have dropped to rank 2 so currently if you want to trade on Ethereum because the gwie given is quite low and only $0.3-0.4 for the current fee.

[Yamifoud]

This is a bear market, ethereum really deserves the gas fees to decrease because most investors take profits and then leave ethereum leaving small investors who trade. As long as gas fees are cheap, it is very suitable if you want to trade on ethereum because I believe gas will be expensive again if the bear market is over.

You can never expect the gas fee will remain that low, we somehow know the fluctuation of demand and network transactions that will affect it. It moves back high again if there is heavy network traffic which makes some people and traders put more gas to get the priority and this will start the gas fee high again. We can see the deduction of gas fees because of low market transactions and a good time to transfer your altcoins. Yes, as to the moment that the bear season will be over, fees went high as well, even in Bitcoin has also been affected.  

[TimeTeller]

I also noticed the ridiculously low eth gasses. Who would have known they would be this low by this time this year. The unpredictability of crypto strikes again. I used the opportunity to fill my bags and trade some tokens that I have been accumulating due to high gas fees

A lot of traders are waiting for this gas fee to reduce their prices.
Just look at today's fees - https://etherscan.io/gastracker



Been long time we have seen this drop, so better take advantage of this opportunity.
We don't know what will happen after this bearish season.

[onecall123]

As well, I have noticed some very curious things. ETH fees are also low after experiencing lower ETH prices. Over the past week or so, ETH fees have been exceptionally low. Since there are fewer transactions in the bear market, the demand for the network has been slowing down and getting lower. That would seem to be a good reason to start buying. I do not believe bitcoin or Ethereum will disappear anytime soon. ETH seems to be a decent cryptocurrency. It's a great time to invest in Ethereum since people are putting their money elsewhere.

[ragini330]

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. 
[yes true, many other coins still have high transaction fees. Due to volatility in the Bitcoin market, alternative sources of investment should be looked for. Recently I came across Mallconomy, a great earning site. If you are interested in knowing more, feel free to comment]

[bakasabo]

A lot of traders are waiting for this gas fee to reduce their prices.
Just look at today's fees - https://etherscan.io/gastracker

Incredible. It will be a crime not to use that change and sell everything "low valued" from the wallets or not to move and create NFT offers right now.

I wonder where are those that were shouting that Ethereum network is expensive to use. And I wonder what those who migrated to BSC feel.

I think current price is the best time to get rid of all garbage and exchange it into something that will be first to recover.

[tvplus006]

...I wonder where are those that were shouting that Ethereum network is expensive to use. And I wonder what those who migrated to BSC feel. ..

This is all very simply explained by a bear market and, accordingly, a decrease in the load on the network and the price of ETH, which in turn leads to a decrease in the cost of gas. How the load affects the network, we observed last week in the L2 Arbitrum network, when had to postpone the tasks of the second week of the Arbitrum Odyssey due to the fact that the load increased excessively and the cost of gas exceeded the cost of gas in the ethereum network.

[zasad@]

A lot of traders are waiting for this gas fee to reduce their prices.
Just look at today's fees - https://etherscan.io/gastracker

Incredible. It will be a crime not to use that change and sell everything "low valued" from the wallets or not to move and create NFT offers right now.

I wonder where are those that were shouting that Ethereum network is expensive to use. And I wonder what those who migrated to BSC feel.

I think current price is the best time to get rid of all garbage and exchange it into something that will be first to recover.

At such a market, the price of junk tokens is also minimal. But such commissions will allow these tokens to be transferred to centralized exchanges in the hope of waiting for new growth.If you have small amounts, then level 2 solutions are great for avoiding low fees.I trade in the Matic ecosystem, and I use Matic to withdraw funds. It is available on many exchanges.

[Jackl87]

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 if you assume that the price is not going any lower than it is now then of course it would be a great time to invest into Ethereum now but i don't really know if that really was the question because that does not make that much sense to me. Regarding the relatively low Eth transaction fees at the moment: It is definitely a good opportunity at the moment to do some transactions that you have not done yet on the ETH chain because of the high fees. I personally still have to claim a few coins from different launchpads where i took part in the sale but so far i have not claimed them because of the high fees obviously. That being said those projects have lost so much value that the fees are probably still higher at the moment then the worth of the tokens  .

[bakasabo]

At such a market, the price of junk tokens is also minimal. But such commissions will allow these tokens to be transferred to centralized exchanges in the hope of waiting for new growth.If you have small amounts, then tier 2 solutions are great for avoiding low fees.I trade in the Matic ecosystem, and I use Matic to withdraw funds. It is available on many exchanges.

I have some small amount tokens on Ethereum blockchain, left from "good old bounty times". I find it best to sell them for Ethereum or Bitcoin, because if or when the market recovers, these two cryptos will recover faster and with a higher probability, than old alts.

Did not get about Matic - I can withdraw Ethereum tokens using Matic network ?

[Desmong]

Now that the price of Ethereum had fallen it will be a good time to buy and hold some amount of it for when the market will start going up again. Those that had been complaining of Ethereum, this is the best time to buy or make transactions with it. We hope soon that the market is going to be bullish so that those that had been patiently waiting can make gains too. I hope everything will be normal soon.

[nicedreams]

I think with low gas fees, I rather buy more ETH than other tokens in its ecosystem tho. Alts are too risky for now so low gas fees and fast transactions don't seem to outweigh the risk of it. Especially when ETH PoS is also around the conners.

[virasisog]

I think with low gas fees, I rather buy more ETH than other tokens in its ecosystem tho. Alts are too risky for now so low gas fees and fast transactions don't seem to outweigh the risk of it. Especially when ETH PoS is also around the conners.

It's really worth investing ETH these days not just because of its low fees but also it's potential to strike high when the market gets back to normal. We all know that ETH has a huge potential and buying it would pay off in the future. Risking in ETH is better than nonpotential coins regardless of the low gas fees.