Ethereum gas fees are 69% cheaper than the previous month, should you buy Ethereum (ETH)?

Ethereum gas fees are 69% cheaper than the previous month, should you buy Ethereum (ETH)?
фото показано с : invezz.com

2021-12-28 15:55

Ethereum ETH/USD is the second-largest blockchain network in terms of market capitalization and is known for its native cryptocurrency token, Ether (ETH), as well as its gas usage.

The blockchain enables secure digital ledgers to be publicly created as well as maintained. The fees on the network are known as “gas” and are paid by participants in the transactions that occur within the blockchain network.

The reduction in gas fees as a catalyst for growth

On December 15, we discussed how Ethereum’s largest contract holds $33.5 billion in ETH.

Metrics showcased that the gas fees on the Ethereum blockchain, which occur whenever someone attempts to transfer Ethereum (ETH) on-chain, or move an ERC-20 token, swap tokens, or interact with a smart contract, have dropped. 

On December 27, the average fee spent on the Ethereum network was $19.22. A few days prior to that, on December 25, it was $22.80, and on December 24, it was $23.34 per transaction.

On November 9, the transaction fee was $62.84. This means that the fee has decreased by 69.41% or by $43.62.

Aside from that, On December 21, we also saw an announcement that the Ethereum.org homepage is live in over 20 languages, which brings Ethereum in front of the eyes of a lot more people.

With the reduced fees, Ethereum (ETH) has the potential to increase in value.

Should you buy Ethereum (ETH)?

On December 27, Ethereum (ETH) had a value of $4,059.98.

To get a better perspective as to what kind of value point this is for the token, we will go over its all-time high value as well as its performance last month.

When we look at the all-time high-value point of the Ethereum (ETH) token, it occurred on November 10, when the token reached a value of $4,878.26.

Its lowest value point of the month was on November 18, when the token decreased to a value of $3,987.64. This gives us an indication that the token fell in value by $890.62 or by 18%.

However, from November 18 to December 27, the ETH token increased in value by $72.34.

According to data from IntoTheBlock, ETH saw $47.02 billion in transactions greater than $100,000 within the last seven days.

Additionally, it experienced $9 billion in total exchanges inflows, as well as $8.97 billion in total exchanges outflows.

With this in mind, Ethereum is a solid buy due to the fact that it has the potential to reach $4,200 by the end of January 2021.

The post Ethereum gas fees are 69% cheaper than the previous month, should you buy Ethereum (ETH)? appeared first on Invezz.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2353.82 (-0.19%)
Объем 24H $17.03b
Изменеия 24h: 1.49 %, 7d: 8.06 %
Cегодня L: $2349.39 - H: $2372.58
Капитализация $284.085b Rank 2
Цена в час новости $ 3825.43 (-38.47%)

eth ethereum well gas blockchain cryptocurrency native

Источник: invezz.com

eth ethereum → Результатов: 126


Bitmine’s Ethereum Holdings Cross 4% Milestone After Latest Weekly Accumulation

Bitmine Immersion Technologies has pushed its Ethereum (ETH) exposure to new highs. The firm’s holdings surpassed 4% of the total ETH supply as it accelerates its accumulation strategy. In its latest update, the company revealed it acquired 71,524 ETH over the past week, its “highest pace of buys since the week of December 22, 2025.

2026-4-14 07:57


Ethereum falls after rally as EF sells $8.3M in ETH holdings

Ethereum price moved slightly early Thursday as fresh scrutiny hit with the Ethereum Foundation (EF)’s move to convert a significant portion of its treasury from ETH into stablecoins. While the announcement coincided with the volatile price action that followed the US-Iran ceasefire, the top altcoin’s value pared some of the gains to around the $2,180 level as on-chain data showed EF’s treasury had sold 3,750 ETH for over $8.

2026-4-9 14:29


Analysts Predict $4500 Valuation to Ethereum (ETH), Ethereum Foundation Push Staked ETH to 70K

In early April, the Ethereum Foundation made headlines by staking another $93 million worth of ETH in a single session, pushing its total close to the 70,000 ETH target. This move highlights growing confidence in the network’s long-term strength after the successful Pectra upgrade and ahead of the anticipated Glamsterdam hard fork.

2026-4-7 01:00


Фото:

ICYMI: Ethereum Co-Founder Has Been Moving ETH To Exchanges, Here’s How Much

On-chain data has identified a massive ETH transfer linked to Ethereum co-founder Jeffrey Wilcke, raising immediate concerns about potential insider selling pressure on the already fragile market. Blockchain analytics platform Arkham Intelligence flagged the large-scale transaction, drawing widespread attention across the crypto community.

2026-3-12 22:00


Ethereum Foundation планирует блокировку в стейкинге 70 000 ETH

Некоммерческая организация Ethereum Foundation (EF) приступила к стейкингу части казначейских средств. Первая транзакция составила 2016 ETH. На первом этапе фонд суммарно заблокирует 70 000 ETH. Все доходы направят на поддержку экосистемы второй по капитализации криптовалюты: финансирование исследований и гранты для сообщества.

2026-2-25 13:51


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

IMF Alarm: Global Debt Hits World War II Levels

Global public debt is approaching 100% of world GDP, a level not seen since World War II. The IMF is sounding the alarm: with debt high and borrowing costs rising, governments can no longer defer hard fiscal choices.