Many of us are deservedly outraged by the high gas price that has recently been paid for moving ERC-20 and ethereum tokens. However, the solution to this problem is already approaching. In July, in about four months, as part of the improvements to Ethereum 2.0, it is expected that high gas prices will go away, if not forever, then for a long time.
Ethereum Improvement Proposal (EIP) 1559 is the most anticipated improvement along with increased scalability for the network since the launch of ETH 2.0.
We hope that the staggering popularity of Ethereum will not only recover, but also soar to an unprecedented level.
Link:
https://beincrypto.com/ethereum-developers-eye-july-gas-saving-eip-1559-launch/This is really much needed news and hopefully this will give some relief to longterm supporters that the work is being done to solve the issues and within few months it will be upgraded.
The most important thing for me is that after this upgrade the eth tokenomics will be converted into a deflationary model with burning of eth with transactions which will reduce supply so it is an attractive case for bulls.