Post
Topic
Board Altcoin Discussion
Re: Why Gas Fee is too High?
by
bitgov
on 02/10/2021, 18:02:26 UTC
Im looking forward for ETH 2.0 which should fiy this issue hopefully.

There is too much offered in Eth 2.0 but unfortunately there are no confirm dates of launching of remaining two phases of ETH 2.0. So we have to move with current high ETH price.

I'm not really an expert but if you are going to observe the it, the price only goes expensive when it pumps that is because there are many transactions that's going and the Ethereum's pool are heavily loaded. Just like the supply and demand, if there's a demand of transaction the fee will increase since there's only limited supply (Miners). So in other words, a lot of transaction versus small number of miners.

Even the gas fee is volatile just like ETH price. There are times in a day when gas price goes down and you can make a transaction at that moment. There is no confirm time of that dip, so you need to keep checking.