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.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3278.69 (-2.01%)
Объем 24H $48.481b
Изменеия 24h: 4.68 %, 7d: 6.23 %
Cегодня L: $3039.69 - H: $3364.01
Капитализация $394.845b Rank 2
Цена в час новости $ 3825.43 (-14.29%)

eth ethereum well gas blockchain cryptocurrency native

Источник: invezz.com

eth ethereum → Результатов: 126


Traders Rushing Back to Ethereum – Can ETH Recover This September?

It looks like the crypto market is entering a slow recovery mode, with most of the top 10 projects seeing nice jumps over the past week. However, Ethereum failed to follow the market sentiment, and remained around $2,300 level throughout the week – industry insiders are blaming a large number of ETH whales who liquidated […] The post Traders Rushing Back to Ethereum – Can ETH Recover This September? appeared first on CaptainAltcoin.

2024-9-18 17:30


Ethereum Price Prediction: Analyst Anticipates ETH Dropping to $2200, Sharks Join The Mpeppe Wave After 150% Rally

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently been struggling to maintain its momentum in the face of bearish trends. Analysts have been observing Ethereum’s performance closely, and many are predicting a further decline in price, with some forecasting that ETH could drop as low as $2,200.

2024-9-7 20:27


Аналитики фиксируют рекордное падение комиссионных сборов Ethereum, предсказывая бычий тренд

Резкое падение комиссии за транзакции в Ethereum может стать предвестником бычьего тренда для токенов Эфира (ETH), лежащих в основе сети, говорят аналитики, ссылаясь на исторические данные. «Каждый раз, когда комиссия ETH падала до самого дна, это часто сигнализировало о снижении цен в среднесрочной перспективе», – заявил Райан Ли, главный аналитик Bitget Research.

2024-8-19 16:20


За месяц кит перевел 48 500 ETH на OKX

Команда аналитической платформы Lookonchain заметила движение капитала на кошельке, связанном с участником первичного размещения монет (ICO) Ethereum, который получил активы по цене в $0,31. A whale who received 1M $ETH in #Ethereum ICO at a price of $0.

2024-8-13 11:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Analyst: Bull Market Hinges On This Indicator Reaching 45%

In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has gradually declined.