Ethereum dropped over 28% in just a few hours. As a result, the price of gas has jumped significantly.
Ethereum collapsed in tandem with Bitcoin, reaching a low of $ 130. As a result, gas prices jumped significantly.
ETHGasStation – a gas news source – wrote the following on Twitter.
“Keep in mind that gas prices are extremely high.”
The source also noted that the transaction price for the transaction confirmation gas is $ 0.301 or 101 gwei.
It seems like too many people have started to panic. As a result of this volume, sellers already have to pay a very high fee or wait for more for confirmation.