Ethereum

<ul class="news-points"> 
 <li><strong>Santiment revealed in an X post earlier today that network fees for Ethereum have dropped to its lowest point in 2023.</strong></li> 
 <li><strong>According to the post, historical drops in Ethereum’s fees have led to increased utility and market cap for ETH.</strong></li> 
 <li><strong>From a technical perspective, a positive trend line had formed on ETH’s daily chart.</strong></li> 
</ul> 
<p>According to the blockchain intelligence platform Santiment, network fees for <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> have dropped to their lowest levels for 2023, falling to just $1.15 per transaction. In the post, Santiment shared that historical drops in Ethereum’s network fees have led to increased utility, which subsequently resulted in the leading altcoin’s market cap rising.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f911.png" alt="🤑" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> network fees have dropped down to its lowest level of 2023, at just $1.15 per transaction. Historically, we see utility begin rising as <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> becomes more affordable to circulate. Increased utility can then lead to recovering market cap levels. <a href="https://t.co/MpOLfMYKUp" target="_blank" rel="noopener noreferrer nofollow">https://t.co/MpOLfMYKUp</a> <a href="https://t.co/JI8ZLhmb4p" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/JI8ZLhmb4p</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1705401195152789888?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 23, 2023</a> 
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<p>Meanwhile, CoinMarketCap indicated that <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> recorded a 24-hour gain of 0.20%. As a result of the latest increase, the altcoin was chan…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ethereums-network-fees-drop-to-2023-low-intelligence-firm/">Ethereum’s Network Fees Drop to 2023 Low: Intelligence Firm</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Ethereum’s Network Fees Drop to 2023 Low: Intelligence Firm

Coin Edition

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