Gas price are still quite high at present and will probably remain the same for some time to come. Meanwhile, the Ethereum price correction in the last few days has not at least increased the gas price and as far as I know it is still in the median of 100-110 Gwei for standard.
Most bounty hunter complain about the high price of gas. This is of course because they quite often make erc20 transaction to the exchange where they sell the token from the bounty. Meanwhile, because of the high cost of gas, it will make them refrain from transaction if the total price of token or coin is not proportional to the transaction fee.
it just looks really crazy.
Yes, but only for day trader who may have small capital. If the total price of token sent is around $1000, then I think the $5- $10 fee is not a high fee.