Quote from: tabas on September 23, 2020, 03:53:29 AM

Quote from: Hippocrypto on September 22, 2020, 09:58:01 PM

Quote from: aprilnot on September 05, 2020, 01:24:11 PM

today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?

Mainly, this certain cases about gas was the huge impact with ethereum to go down because of higher transaction cost which is gas fee. If there's no changes that will be made on this current situation, I don't think $400 per eth will be easier to reach because most holders and traders prefers optimal transaction cost rather than spending much.

Possible to see it go back there. But I don't think that it's due to the fees why there's a sudden dump that we've seen. It's not just for Ethereum but also for bitcoin.
There's correlation for the two big cryptos and one reason are those people who took profits from their defi, uni and other projects where they've invested sums of money.

I agree, anyone thinking that the decrease in the price of some of the major coins has to do with the fees does not really understand how markets work, an increase in the fees indicates there is a heavy interest in making transactions on the network and at least for now that means an increase in the price, the price of an asset simply goes down when the supply exceeds the demand or when the demand goes down, the DeFi market which is behind the most recent growth is losing strength and this also means a decrease on the demand making the price to go down as people consolidate their profits or they panic because of it.