Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?
Its not cause the eth 1.0 down. I think whrn ethereum 2.0 seems to be launch erlier it must goes up in price, because it will caused developer/company who build dapps on ethereum move back to ethereum from BNB network. It cause the fees going high again because of network congestion
I have no idea what it will do to the price as people don't seem to care about the transaction fees anyway if you look at the GWEI price that is insane. ETH 2.0 was supposed to reduce the transaction fees and I hope it does significantly as this is really a bad situation and not sustainable for any application being built for Ethereum.
People do care about fee more specifically the dapps since the more code executed means the more gas you need to pay and it's affect really a lot, you can see also that now many dexes that moving to bsc attract so many people to also move to bsc primarily when it requires $100 to just swapping coin
eth 2.0 im sure gonna make eth blockchain populated with people again, like it or not the fact that a chain like bsc has so many shitcoins created there means they are populated enough.
We can only hope that the incentives for dapp builders will be in such a way that they only build dapps which make sense and not some senseless stuff that is just good to flood the network and produce congestion. It is annoying to see where the costs are at for now.