Cryptocurrency Q&A
Why is Ethereum so cheap?
Why is Ethereum so cheap?
HallyuHype
Sat Dec 21 2024
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5 answers
973
I'm wondering why the price of Ethereum is relatively low at the moment. Is it due to market conditions, technical issues, or something else entirely? I'd like to understand the reasons behind this cheap valuation.
5 answers
SeoulSerenitySeekerPeace
Mon Dec 23 2024
The implementation of the Dencun upgrade in March played a significant role in this transition.
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Andrea
Mon Dec 23 2024
Following the Dencun upgrade, average gas prices on Ethereum have seen a notable decline.
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BonsaiVitality
Mon Dec 23 2024
Specifically, the decrease in gas prices amounts to approximately 92% since the upgrade.
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Giuseppe
Mon Dec 23 2024
The reduction in transaction costs is attributed to the migration of activities from Ethereum's base layer.
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Eleonora
Mon Dec 23 2024
This shift has primarily occurred due to the integration of layer 2 networks.
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