In the case of crypto, it probably should. The reality is that there is so much compute power aimed at BTC/ETH, that if you try to use a 'cheap' crypto currency, it is susceptible to compute power attacks or at the very least, hasn't been battle tested against non-compute attacks.
IMO, if you are going to write a smart-contract or "invest" in crypto, you should have an extremely good reason to do it anywhere but ETH/BTC.
The price and value of the chain give an signal of security.
You can illuminate your home cheaply with electricity or expensively with candles. Yet the lower priced version is more effective.
Technology advances. Technology is a means to an end. Examine the merits of the technology to determine if it provides utility to help you achieve the ends you desire.
IMO, if you are going to write a smart-contract or "invest" in crypto, you should have an extremely good reason to do it anywhere but ETH/BTC.
The price and value of the chain give an signal of security.