Post
Topic
Board Altcoin Discussion
Re: Why ETH price keeps decreasing?
by
Chainsmokers
on 30/11/2022, 04:24:04 UTC
The last migration must have had a great impact. In addition, the gas fee of the second-tier network is really low. It is so low that I don’t want to go back to ETH. I think this is also a good thing. This is also an optimization. Although the currency price It fell, but the product is optimized and perfect.
The gas fee on the ethereum network after migration is still very expensive when compared to Binance Smart Chain or Polygon,
I really don't understand that Ethereum 2.0 which migrated from PoW to PoS can't change that, I as an Ethereum network user for a long time have been really disappointed,
and maybe I'm not the only one who is disappointed and makes one of the reasons why the price of Ethereum has fallen,
yes indeed that is one of the reasons but there are several other reasons, that is the bear market still dominates the market and there are also more and more bad news about altcoins.