I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?
Yes, the huge transaction fees are making ERC tokens useless. I have a couple of tokens on my wallet of value around $20 but what I'll get by transacting them is net zero. Put some eth for fees allow access to uniswap, exchange the coins to Ethereum and get those ethereum back to my personal wallet, I'm getting exactly what I sent for tranaction fees. Ethereum is still a good trading pair is centralized exchanges but there's no way it could get volumes in dexs and dapps. There are many alternatives to it but whenever one of them gets much attention, the fees rises again making it less attractive. Still the fees would be much lesser than ethereum network.
well, we know that the risk of using coins that use the ERC20 chain has a very large fee. one way to reduce expensive fees is to wait for the gas to come down. however, there is no other way to make the fee cheaper, which is why there are very few transactions for coins using the ERC20 chain on dex or dapps. in fact, very many complain about this. however, if you use a coin that uses the chain, then you need to take into account the fees that you will pay. I even have leftover ethereum in several markets and I can't use it at all because the fees are quite expensive.