Why would that happen? We all know that during bull run alts get pumped too, so ordinals would likely skyrocket together with Bitcoin and speculators will be able to afford higher fees.

Bitcoin's main use case is investment and speculative trading and the fees are a result of that - those who make trades with thousands of dollars in profits can easily afford to pay $40 fees.

I agree that the congestion in mempools won't be cleared soon.

It is seriously congested and hours ago, some impatient people even were ready to spend 600+ satoshi/vbyte to have a quick confirmation. Now, it is about 400 satoshi/vbyte.
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight

I care more about the fee and fee rate in BTC, satoshi when I move my bitcoins. Transaction fee value in USD is not what I care because I can not control it but I can control what satoshi/vbyte I use for my transaction.

Any satoshi I can save from transaction fee now might help me in future when Bitcoin has higher price.

Even I was very scared, when the price of BItcoin reached ATH and the transaction price was very expensive when I wanted to sell BTC that I kept in a personal wallet.  Currently, transactions and fees are rising because some tokens are created using the BTC blockchain. If I'm not mistaken, it's BRC-20. Like Ordi, they crowded the Bitcoin network because of the large number of transactions. There are currently 24,677 tokens created on the Bitcoin network.

CMIIW

Its indeed a giant pain in the B. But it appears to come in waves, and I'm also of the opinion that it won't last forever. Its no longer just Ordinals BRC-20 that is congesting the mempool, however. Regular BTC users are now competing with Bitcoin Stamps, SRC-20, and now also BTNS (Broadcast Token Naming system), of which tens of thousands of transactions have been made for within the last couple months. Certainly renders making normal transactions out the window for the time being.

Jesus! It's messed up seeing BTC TX fees actually competing with ETH TX fees these days. Blasted ordinals are clearly the primary culprit and they aren't slowing down since their popularity continues to surge.

The word 'NFT' irks me personally these days. Heard about this one dude who paid over 3 freaking million bucks for a BTC transaction recently. Absolute insanity!

https://cointelegraph.com/news/bitcoin-user-pays-3-1m-in-transition-fee-for-one-139-btc-transfer

That's unlikely because we already know that with each bull market there is a large number of newcomers who buy bitcoin. We also know that a considerable percentage of these newbies tend to go to the shitcoin market and start buying shitcoins for the first time not knowing what kind of garbage they are wasting their money on.

This means that this time these newbies would also go to this new but fake market called Ordinals Market and try to pay for that garbage hence making the scam spam attack even worse and shoot the fees even higher.

As I've said many times before the severity of this attack is only increasing with time and possibly with price rise.

Or maybe until people stop buying ordinals and the hype ends. This shouldn't last long, could be just another trend. Currently the only solution is, as stated by many other are using accelerator.
To be honest I never expect that the day will come when Bitcoin blockchain are popularly used to issuing nonsense like NFT. We got enough smart-contract platform to issue NFT, people doesn't seem to feel enough of everything.

As of this moment, the "Low Priority" transaction is at 475 sat/vB which is around $27.
TBH, this is the highest transaction that I've seen ever since. The largest that I saw was way back in 2017 when it was around $23.

Right now, Bitcoin is unusable for small transactions because of these high transaction fees. Maybe if you send huge amounts of Bitcoin then you don't care about the fees, but for the average investors who are using the DCA strategy, it's kind of nonsense to do it because of what's happening. The only option that I see is to use another altcoin, send it to an exchange, convert it into Bitcoin then STORE it there. That's if you want to risk your assets.

I wonder how the signature campaigns that are paying their participants through Bitcoin will react to this one. Nevertheless, this ordinal thing causes trouble to us average investors. TBH, I might opt to invest in other top altcoins then will just convert it into Bitcoin once transaction fees go back to normal.

P.S. It's already at $34 per transaction. It's just a bit surprising that there are still many people who are still transferring their Bitcoins despite it's high fees.

I think it's obvious already that these inscriptions are just a pain in the ass for many of us that's using bitcoin to do some sort of transactions because the tx fees that we could've used for other stuff, we have to spend it on tx fees. The reason that these ordinal shit is still existing is that the miners will be the one that's affected because this is a gold mine for them, the higher the tx fees, the bigger they're getting out of this so unless they don't mind the developers putting a stop to this ordinals, we won't see any changes anytime soon.