It will take a lot of time for miners to congest all these waiting transactions and additional ones in future. It will force others have to join the fee race if they can not wait.
Fortunately, there will be no real race here like in other times of congestion.
The actual capacity of the blockchain right now is over the daily transactions input, unlike the last event where we had more transactions each day and older traction despite paying higher than others at that time would be pushed at the bottom.
Right now you just have to outbid Binance 13.5/sat and you will get a confirmation just as you would with 1 sat last week, some will panic and pay more but there are not enough of them to outbid you and leave you outside the blocks for more than a few hours.
You just have to pay 14sat instead of 1sat/b, 50 cents is not the end of the world if you're in a hurry.