Ethereum is one of the popular decentralized blockchain platforms with numerous developers/businesses looking to develop decentralized applications. As the number increases, the value of Ether will also increase.


Users pay the platform fee in ETH, which means they are boosting its circulation in the market. Ultimately, the higher the circulation of Ether, the higher will be its market value as currency.


One has to own a certain ETH to run a decentralized application (dApp) on the Ethereum blockchain. So, whenever the popularity of a dApp increases, the demand and price of ETH will also increase. However, you will require good smart contract development services to get high ETH value.