The Ethereum Gas GWEI Is At All Time Low

The crypto market seems really dull lately nothing seems to be happening there right now. Bitcoin and Ethereum have been recovering but we have been watching other alt coins fail to recover after following the downtrend of Bitcoin and Ethereum. Crypto is currently boring, nothing is moving the market, the market is in huge reds, aside Bitcoin and Ethereum of course. Remember when we used to pray and hope we see Ethereum at 10 GWEI, at 10 GWEI it was considered a rare moment so we had to settle for above 10 GWEI. I remember bridging fee costing more than using centralised exchanges so I had no choice but to use centralised exchanges.

We pay over $10 for gas fees when making transactions on the Ethereum chain because we had no other choice, and the chain was flooding with a lot of activities. Today we are faced with a 0.7 GWEI with no activities. On CEX sending Ethereum now cost $1 on DEX bridging cost lower or close, but now you can do whatever you want to do without having to pay huge amount for gas fee.

Crypto activities is a trend, sometimes it’s up and sometimes it’s down, when it’s down it feels like a ghost town, when it’s up it feels like a regular busy day of every popular location. But in everything you are doing stay focused and know what you are doing.