Ether, the native cryptocurrency of the Ethereum network, has recorded its single biggest daily gain in over 20 days amid growing confidence in the platform's development, experts say.
From a developer standpoint, Ethereum is the most popular blockchain where most of the smart contract and dapp activity occurs. People are realizing that Ethereumโs network effects especially around community and composability (ETH smart contracts interacting with each other) are stronger than they thought, which might lead to increased trust in the platform and thus higher prices