"Price Mechanism"
Gwei is too low. It only starts with 5. It reflects 2 phenomena and will cause 1 serious consequence.
1. The interaction on the chain is not active, and black slaves stop masturbating.
2. There is no money-making effect, so bettors will no longer bet against local dogs.
If things go on like this, Ethereum will continue to inflate, and the $ETH produced will be greater than the Gas consumed, which will cause negative feedback in a downward price spiral.
The price is always determined by the relationship between supply and demand. When the buying volume of coin collectors (investors) and users (moochers) is lower than the output of Ethereum, the price will naturally fall. At this time, if there is any negative news The fear selling by the coin collectors will lead to a waterfall.
The core of everything is money. If there are long-term incremental new funds coming into the market, it will be reflected in the continued and steady rise in prices, and vice versa.
What can everyone do about the current Gwei? Do you still have the confidence to masturbate?