Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?
Maybe there's a slight advantage that we should look after now, because as I've observed gas fee also saturated and not much expensive compared from previous. This is a great development for ethereum in the first place, so we must expect more positive changes coming.
after ethereum experienced a price increase which was triggered by the many defy projects that occurred on the ethereum network, gas costs on the platform also increased, but now along with the development of ethereum 2.0, gas costs have started to decrease slightly and are almost close to normal costs, As we all know, Ethereum 2.0 was created to increase the speed, efficiency and scalability of the Ethereum network, so that the Ethereum blockchain can process more transactions and reduce congestion on the network.
That's a good thing although the transaction fees are not as cheap as Binance Smart Chain,
and let's hope that after ethereum 2.0 is released it will make the transaction fees cheap