what should be mentioned with ADA, however, is that it has a 45 bilion (!) supply compared to ETHs 114 mil... so that's something to consider in terms for price action. We will see I guess! :)
As far as I understand the EIP-1559 it doesn't necessarily lower the fees by a lot, right? But looks like an improvement
I know, but newbies don't look at supply, just price... It's sad but that's why XRP always pumped before SEC problems.
EIP-1559 will not necessarily lower fees, but it will prevent people from speculating on fees. For instance, now people can just "buy" smart-contract computing with low gas fees and then sell them later at a higher gas price when it's crowded. The EIP will remove those people and therefore reduce the demand on fees.
don't know how large the effect will be. More importantly, it introduces a burn making ETH deflationary. This will be the biggest talking point in crypto for a while imo.
👍👍