Post
Topic
Board Altcoin Discussion
Re: ETH high fees so sad
by
MandatoryOption
on 20/12/2020, 21:31:17 UTC
All the way to $2k, mark my prediction. Of course, it is normal to see high transaction fees if the market direction is upwards. The total marketcap has increased more than double of the previous year and only naive people will expect the Gas fees gonna be the same in all market movements. Despite the high fees, the intention of using ETH transaction is understandable at this price point.

Lol, how do you see ETH at $2k? 1 Ether is currently trading at around 0.02715 BTC. With that rate Bitcoin would have to be at $73,6k ... or ETH finally has to start a breakout and outperform Bitcoin. But with these high fees I don't see that happen in the next month(s). We will most likely have to wait for the next phases of the ETH 2.0 upgrade.