Ethereum gas fees have reached unimaginable heights: $3300 fee to create an NFT





Ethereum (ETH) price: what is the current price?

Here is the live price of Ethereum.

Ethereum news 03/05/2022

For its “Otherside” metaverse project, the Bored Ape team released 100,000 NFTs to the metaverse. The Ethereum network was overloaded due to millions of NFT aficionados trying to get at least some plots, which led to a huge increase in gas fees.

The increase in fees was such that buying a $25 NFT would incur $3,300 in gas fees. Fees on Ethereum are thankfully back to normal.

A co-founder apologized for the incident on Twitter.

Needless to say tonight didn’t go how anyone wanted it to. I want to say sorry to the apes, and to everyone else who eagerly looked to join into the project. It’s especially a sour moment since Otherside has been a passion project for so long.🧵

According to the AnalyticsInsight site, Yuga Labs should consider the blockchain of Bitgert (BREEZE) to avoid this in the future. Bitgert is considered a near-zero gas cost blockchain.

Mid-term ETH price prediction: After its 2021 retracement, the price of ETH has become more attractive. We can take advantage of this to play the highest prices of 2021.

Long-term ETH price prediction: Targets of $5,000 and $10,000 are expected as the Beacon chain that will swing Ethereum to proof-of-stake consensus is expected in 2022.

Our overall opinion on crypto Ethereum(ETH) for 2022

  • ETH Global Mirror Mag Rating: 7/10

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Opinion on the project

Thanks to the many blockchain applications, Ethereum has become the center of decentralized finance. The network is very reliable and has the support of several large multinationals such as Microsoft, IBM and Banco Santander.

Price Volatility Notice

Ethereum is one of the most stable cryptocurrencies. Violent fluctuations are becoming less frequent and prices are becoming more predictable.

Conclusion – should you invest in Ethereum crypto? Where and how to buy it?

Conclusion of our Ethereum review

Ethereum is the cryptocurrency project that is attracting the most interest from large companies. Its domination of decentralized finance remains indisputable despite the many ethereum killers that have been launched.

Buy Ethereum (ETH) to trade

To trade this cryptocurrency, the eToro broker is the most suitable. In addition to buying the tokens, this platform allows you to trade short-term crypto CFDs without having to hold the tokens.

  • Step 1 : use the search bar of the eToro platform to find the cryptocurrency.
  • 2nd step : then click on “Invest” to give the amount of cryptocurrency to buy and validate the transaction.

Read This article to find out how to buy cryptocurrency on eToro.

68% of retail investor accounts lose money when trading CFDs with this provider. You have to ask yourself if you can afford to take the high risk of losing your money.

Buy Ethereum to invest

To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.

  • Step 1 : go to the “Buy cryptos” tab then choose the payment method of your choice.
  • 2nd step : select the crypto to buy and proceed to secure payment. Then, the cryptocurrencies will be credited to the dedicated wallet.

Read This article to find out how to buy cryptocurrency on Binance.

Useful resources for investing in Ethereum (ETH)

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eToro allows you to trade cryptocurrency easily online. Creating an account is free and very simple.

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Almmaye
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Ethereum gas fees have reached unimaginable heights: $3300 fee to create an NFT


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