ChatGPT picks 3 low-fee cryptocurrencies as Bitcoin fees skyrocket
Bitcoin (BTC) fees soared by 10 times in the last few days driving investors and cryptocurrency users to look for decentralized payment alternatives to the leader. A low-fee narrative could be brewing for cryptocurrencies that offer competitive advantages against Bitcoin in a high-fee environment. In the meantime, Bitcoin average transaction fees went from $1.13 on October 29, registered by BitInfoCharts, to the current $12.12 average in the last 144 blocks (24 hours), according to mempool.space . Notably, users paid more than $4.3 million in total fees in a 24-hour time frame from November 9. Bitcoin reward stats (144 blocks). Source: mempool.space On November 7, Finbold reported how Bitcoin fees crossed the cost of a Big Mac for the first time in months, at $6.08. Fees have doubled during these two days, suggesting that transactions can continue getting costlier without a clear ceiling. In the past, these high-fee scenarios have driven demand and liquidity toward alternative...