As great as it is to collect 60 CANDIES, I thought the more important number is the one I circled in red:
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RE: Daily Crypto Markets Live Blog: vexPOLYCUB Goes Live (07/16/22)
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It is good to see the price of gwei going down on Ethereum.
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3-digit GWei is still common on Ethereum, but sub-20 GWei is becoming a more common sight. It's still a lottery when it comes to catching that fee for any transaction we make there.
If a transaction costs 9 GWei on Ethereum, will it also cost 9 GWei on BSC and Polygon (MATIC) as well?
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Is that due to the bear market and people souring on the industry?
Will it go up when the bull takes off and activity increases?
This is the main problem with the EVM, especially Ethereum.
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I'm not sure why the ETH gas price was that low. I think earlier in 2022 it was as low as 4 GWei, but I'm not sure.
I thought it was due partly to the Berlin Upgrade as well as the transition to PoS that's in progress. Bull market or bear market, transactions which have to be made have their cost.
On the bright side, small Gwei together with small ETH price make for small Gas Price.
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Nice one
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