Cryptocurrency Q&A
Why is GWEI so low?
Why is GWEI so low?
Rosalia
Mon Jan 20 2025
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5
answers
1330
I'm wondering why the value of GWEI has been so low recently. Is there a specific reason or factors causing this drop in price?
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5 answers
ShintoMystical
Wed Jan 22 2025
Gas fees have reached their lowest point in five years.
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Starlight
Tue Jan 21 2025
Transactions are now costing under 1 gwei, which equates to approximately $0.01. 3. This significant decline in fees can be attributed to various factors.
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EtherWhale
Tue Jan 21 2025
One major reason is the current sluggish state of the market.
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CryptoTitan
Tue Jan 21 2025
Additionally, altcoins have lost momentum, contributing to the drop in fees.
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Lorenzo
Tue Jan 21 2025
Another factor is the shift of decentralized app interactions to faster blockchains.
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