I think the congestion in the crowdsales is a big red flag for ETH as a network. One of the issues with many of the crowdsales being done in ETH is that a lot of the actively traded supply in ETH is being held to fund them.

Many of these tokens are just 'holding companies' for ETH. It's setting the precedent for a huge correction unless we start tweaking these ICO parameters above, or go to even more ridiculous valuations off the bat.

Which is why I'm looking more into funds - you get what you pay for, rather than valuations that have no reflection of the value of the token other than they are holding ETH.

Thanks for the comment, appreciated.