The good news for ETH hodlers about insane gas fees

Cointelegraph

Published Feb 04, 2021 11:26PM ET

Updated Feb 06, 2021 02:00AM ET

Ethereum and DeFi proponent Ryan Sean Adams has drawn attention to how high gas fees relative to the current Ether price could actually be a bullish sign.

Citing this week’s Grayscale research paper ‘Valuing Ethereum’ the Bankless commentator claimed that Ethereum is “actually getting cheaper” from a price to sale ratio aspect.

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