If fees were in any way correlated to price action, you would have expected BTC to have pumped in March. It did not. Furthermore, many of the alts and Bitcoin Cash have even lower fees than BTC; however, they all fared worse, for the most part.
No not at all because the damage had been done and what will go down in our history books written next to the
section on Tulip Mania is that fees peeked at $55 and following this logic the BTC price should had been £500k
eight years ago.
Took years for main stream to trust digital coins, that trust has been destroyed completely for short term
miner greed and unfortunately BTC has dragged other coins down instead of upwards like in the past and ETH
had a scaling problem but the miners acted sensible and didn't hike up fees to deal with it.
Any currency used for the exchange of good needs a stable price and the days of 1000% p.a returns will be over as
crypto-coins mature so I will look for a phoenix to rise that might for all I know be bound to the physical price of
gold or oil and not just paper oil/gold that's worth nothing to me.