Eth's scaling problem is glaring. Right now there are 8700 transactions waiting in the queue. It looks like its already at capacity. I see this becoming a big thing and a price crash back down to 100 or less. A good time to buy in perhaps but it will create many new bagholders.
yeah and it would be more as bitfinex stopped ETH withdrawals hours ago. (dont know about other exhchanges)
We are suspending all ETH withdrawal until the network backlog subsides and we are able to reliably post transactions to blockchain. We apologize for any inconvenience.
So much for faster transactions.. can you imagine what would happen, if eth user base grew another 50-100% now? That means its unlikely now, and ETH market cap will probably go down further. maybe the 33.68% of total crypto cap was the best it could achieve.