Ethereum owner paid $ 157,000 in ETH to make a cryptocurrency transfer twice as small

According to Etherscan data, on October 19, a user paid 125.1 ETH in fees to transfer 57.9 ETH, making a total of 183 ETH (about $ 236,537 at the time of the transfer).

The average transaction fee in Ethereum is 0.003 ETH ($ 3.88), so it is not clear why the user had to pay twice the amount of the desired transfer. on September 15, the developer spent a record-breaking 36 E TH ($ 60,000 at the time) to mint the first-ever NFT in honor of The Merge. The non-fungible token in honor of Ethereum’s transition to the green blockchain was named «Transition».

Ethereum has recently been predicted to rise to $ 11,727. 55 experts in the fintech and cryptocurrency industry shared their predictions about the future of Ethereum. It is expected that the value of ETH will reach $ 1,377 by the end of 2022. As for the future, analysts predicted that by 2025, the price of ethereum will rise to $ 5154, and by 2030 — $ 11,727.

According to Joseph Raczynski, an expert and representative of Thomson Reuters, the benefits of Ethereum’s transition to the PoS consensus mechanism have not yet been assessed: «Ethereum has become more valuable and secure by reducing electricity consumption by more than 99%.» According to Rachinsky, when investors are able to fully appreciate the importance of ETH, its price will increase.