Post
Topic
Board Altcoin Discussion
Re: High gas fee for sending token is still a problem
by
JeffBrad12
on 27/07/2023, 22:29:09 UTC
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?
Perhaps the gas fees on the Ethereum network will increase further during a bull run because the price of ETH will likely rise, and the network may become congested due to the high volume of transactions. It would be wise to prepare and have enough gas for the bull run while the price of ETH is still low.
the thing with gas fee is that there is still no way to keep it low, even without bullrun its already high because ethereum have high enough price, a measly 10 gwei already costs more than $10, i think its because ethereum was made with mindset that the supply is so many that they think having gas fee system like that might suffice but turns out each ethereum was priced really high.
it will get even worse when the value of ethereum kept increasing even if the traffic isn't congested the fee will be massive regardless.
thats the thing with ethereum, and thats why L2 are so popular right now.