What is the future of Tokens running on Ethereum Blockchain

Late last year when the whole crypto market was surging there was another coin type which started making waves in the markets. Some were there all this while but people thought maybe they were just shit coins but all of a sudden they were awaken and even up to these day investors are still transaction, buying an holing them.

These tokens are called ERC-20 an they are based and run on Ethereum blockchain, these include Uniswap, CRO, Farm and so many others. These tokens are stored in Ethereum based wallets such as Trust wallet, Atomic wallet, Metamask etc.

You must have some Ethereum in your wallet for you to be able to transact with these Tokens, but with that there seem to be a problem arising and it can likely hinder the demand for ERC-20 tokens.

What is the main Obstacle likely to be faced by ERC-20 tokens

Ethereum an these ERC-20  tokens has been growing tremendously but so as the gas fees which has now become a huge stumbling block. You can swap these tokens with another token but the process of swapping is also heavily affected with the exorbitant prices. There are higher chances that people will abandon ERC-20  because of the huge losses made in the form of transaction fees which no1 can run away.

How are the fees affecting tokens affecting the market?

These are always there if you transact with Ethereum and you can not run away from the higher fees unless if you transact using binance chain or some other chains like Solana. Since people are always complaining about the gas fees, there are higher chances that  they may start to dislike ERC-20 and this will lead in less demand with a huge supply in the market and then once the token is flooded then the price will drop.

So with this problem facing ERC-20 investors are likely to avoid investing in anything related to these Ethereum Tokens so that they wont fall victim of these fees and i wouldn't be shocked to see the ERC-20 tokens fall and lose their value.

ERC-20 are time bombs getting ready to explode and we should expect a massive selloff because they are not cost effective as they are expensive. You can not be charged more transaction fees value which is bigger than the actual transaction you are conducting.