Bitcoin Transaction fees are Dropping to $1, Can this be sustained Long-Term?

Bitcoin Transaction fees are Dropping to $1, Can this be sustained Long-Term?

Over the past few days, bitcoin transaction fees have dropped to around $1 for median-size payments, even though the bitcoin mempool size has remained relatively high at above 120 million bytes.

$1 Fees
Widely utilized bitcoin wallet platforms like Blockchain are recommending a fee of 55 satoshis per byte, which round up to just above $1 for median-size transactions. Previously, merely one month ago, bitcoin transactions increased to $30 for median-size transactions, particularly on non-Segregated Witness (SegWit) wallet platforms and exchanges.