Ethereum has taken the recent rally in the crypto market one step further. The digital asset had been chasing multiple new all-time highs in the past week, breaking above $4,600 for the first time ever on Wednesday. One of the pain points of the Ethereum blockchain has been the high cost of transactions in recent times. The rise of decentralized finance (DeFi) and NFTs on the network had driven the fees for average transactions so high that they hit a few hundred per transaction for some. Alternate projects might be benefiting from ETHs high gas fees. Projects such as Avalanche (AVAX), Fantom (FTM), and Terra Luna (LUNA) might be poised for a big pump.
#ETH #Ethereum #AVAX
~High ETH Gas Fees Are Pumping These 3 Tokens | AVAX, FTM, LUNA~
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