Ethereum’s lowering gas fee could be a dangerous indicator for its price; here’s why

Ethereum’s lowering gas fee could be a dangerous indicator for its price; here’s why

Throughout the previous year, Ethereum‘s rising gas fee was among the biggest concerns of the cryptocurrency industry. Well, especially due to Ethereum’s major role in DeFi and NFTs. The rising gas fees had inadvertently led to more congestion. Hence, higher transaction time and costs. Ethereum’s development team has been breaking necks over fixing these issues. However, the gas fee appears to be regressing of late.

Source: bitinfocharts

In fact, Ethereum’s average network fee hit a…


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