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Author Topic: ETH gas fees are low....A great time to get in?  (Read 65 times)

indian_blog

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ETH gas fees are low....A great time to get in?
« on: June 28, 2022, 04:23:37 AM »
It seems that the persistent bear market drastically reduced ETH's network congestion. Gas fees have been ranging as low as 17 Gwei to 30 Gwei on average. The native cryptocurrency Ether (ETH) has been declining like crazy in Fiat terms, so it would be a lot cheaper to buy NFTs or do other network operations than before.

Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.  ;D

CryptoboyRamesh

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  • Re: ETH gas fees are low....A great time to get in?
    « Reply #1 on: June 28, 2022, 10:57:03 AM »
    Ethereum maybe have reached the bottom when it was being traded below 1k but yeah this time ethereum is still undervalued and oversold. You shall try to spread your order and waiting for the bottom is not the best way as sometimes you can miss the best rate to buy ethereum. I have bought ethereum when the price already down even lower than 1k and i got decent return in a week. Im sure that recovery can happen anytime. Buying at the bottom has become the best opportunity for anytone. WIll you try to miss this golden chance to get cheap ethereum from the market?

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    Review_Master2

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    Re: ETH gas fees are low....A great time to get in?
    « Reply #2 on: June 28, 2022, 06:25:13 PM »
    It seems that the persistent bear market drastically reduced ETH's network congestion. Gas fees have been ranging as low as 17 Gwei to 30 Gwei on average. The native cryptocurrency Ether (ETH) has been declining like crazy in Fiat terms, so it would be a lot cheaper to buy NFTs or do other network operations than before.

    Assuming ETH doesn't go any lower in price, would now be a great time to get in? Or should I wait a little longer? Do you think gas fees will soar back up again after the crypto winter settles? Your input will be greatly appreciated. Thanks.  ;D

    It would be a great idea to keep monitoring the growth rate of eth because surely the gas fees will be affected as well and you can get more cheaper fees when buying erc20 token. Infact the market still not fine so probably there will be more changes soon.

     

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