Ethereum will be upgraded in a few hours. Will the 1559 fee structure change drive the Ethereum bull market?
EIP-1559 boosting ETH's price but it's rare to see Ethereum perform well when BTC is on a downtrend. The point it still depends on BTC movement.
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So let's see how it goes, maybe some projects who shift to BSC will go back to Ethereum because after all Ethereum was used to be the number one smart contracts and Dapps.
They will probably just use the bridge and utilize both blockchains so they won't lose their user base who still prefer BSC. I even see projects crossing to Polygon and vice versa. It wouldn't surprise me if there will be tri-chains soon. Cross-chains is the trend nowadays anyway.
Maybe I'm just old school, but I don't prefer those tri-chains and cross-chains, but if they can design t hat it can operate and utilizes their blockchains then why not, I just don't feel decentralization anymore with that kind of setup.
Anyhow, I haven't try any ETH transactions but there are reports that the fees are still very high? Wait and give them some time then?