Is This 1 New Reason to Buy Ethereum and Never Look Back, or 1 New Reason to Be Cautious?
When a company or cryptocurrency seems like it's finally solving one of its long-standing challenges, it can be a good time to invest. A turnaround narrative can push prices higher for a long time, especially when it's backed by real changes that add value.On that note, there's some new evidence that Ethereum (CRYPTO: ETH) is getting closer to tackling one of its most notorious bugbears. But, from a slightly different perspective, that same evidence can also be interpreted as a bearish sign. So which is it, and is this coin worth buying right now?On April 20, Ethereum had some of the lowest gas (user) fees of the past five years. The average on-chain action requiring spending gas incurred a fee of close to $0.01. Just a few days later, that had risen to about $0.26 on average.Continue reading
When a company or cryptocurrency seems like it's finally solving one of its long-standing challenges, it can be a good time to invest. A turnaround narrative can push prices higher for a long time, especially when it's backed by real changes that add value.
On that note, there's some new evidence that Ethereum (CRYPTO: ETH) is getting closer to tackling one of its most notorious bugbears. But, from a slightly different perspective, that same evidence can also be interpreted as a bearish sign. So which is it, and is this coin worth buying right now?
On April 20, Ethereum had some of the lowest gas (user) fees of the past five years. The average on-chain action requiring spending gas incurred a fee of close to $0.01. Just a few days later, that had risen to about $0.26 on average.
