$ETH Let’s talk about Ethereum today. Ethereum has been very weak recently and has been questioned by the entire network. Christmas has passed and there is no movement in the market and no information to send. Let’s recharge your faith 😄😄😄 and talk about the development of Ethereum over the past seven years.
Many people don’t know how Ethereum came about and how it has come this far. Let me give you some information. It’s really a bloody and violent story, a thousand times more exciting than a TV series.
In the first stage, in July 2014, ETH was issued at an issue price of 1.86 yuan. After the issuance, it remained sideways in the range of 14 yuan to 2 yuan for a whole year. Most people could not survive and sold it. They basically did not make any money, and some even lost money.
The second stage, in August 2015, the price rose to 23 yuan, finally increasing by 12 times. Many people took profits and left the market. In November, the price fell back to 2.7 yuan, a drop of 90%. During this period of ups and downs, more than 90% of people sold B and left the market, and some even lost money.
The third stage, 2016, was an even more exciting year. In March of that year, the price started to soar, rising directly to 98 yuan, a 36-fold increase in one month. Unfortunately, less than 10% of people enjoyed this wealth appreciation. In April, it suddenly dropped to 45 yuan, and many people began to shout that Ethereum was a scam. However, in June, it rose directly to 138 yuan, fell to 54 yuan in August, rose to 92 yuan in September, and fell to 38 yuan in December. This year can be described as magnificent and ups and downs.
Although the third phase of 2016 was full of ups and downs, it laid the foundation for Ethereum's popularity and market. So in March 2017, it rose all the way to 350 yuan, a nine-fold increase in three months. Then, the ICO that everyone knows about became popular in China. All projects issued coins on the Ethereum public chain, and all projects raised ETH. In June 2017, it rose to 2,660 yuan, a 70-fold increase in six months. In July, it fell to 850 yuan, a drop of 78%. In October, it rose to 2,520 yuan, and in November, it rose to 3,280 yuan. In January 2018, it rose to the highest level at that time, 9,100 yuan. In more than three years, Ethereum has risen 4,900 times.
The fourth stage, 2018, started the bear market wash mode. Starting from March, the price of more than 9,000 yuan fell to 2,280 yuan, a drop of 75%. In April, it rose to 5,380 yuan, and in September it fell to 1,070 yuan, a drop of 88%. The most severe drop was in December, when it fell to 525 yuan, a drop of 90%.
The fifth stage, in June 2019, it rose to 2,350 yuan, and fell to 720 yuan in December. In March 2020, the 312 that scared everyone to death came, and it fell to 550 yuan, a drop of more than 88%. It was not until the rise of Defi from August to December that it improved again and rose to 5,720 yuan. Then, it started to go uphill again.
The sixth stage: it rose to 31,000 yuan in May 2021.
In less than six years, the price has increased 15,000 times. If you bought 1,000 yuan at the beginning, you could have 15 million yuan. Ask yourself, can you really hold on?
Therefore, in circle B, there are two things that are most likely to make you poor: jumping around like a monkey and leveraged contracts.
Ethereum is not like BTC, which was born as a favored child of heaven and believed by all. 90% of its life was spent in doubt and criticism. In the early stage of each bull market, it was pronounced dead and replaced by a certain currency, but in the end, Ethereum remained strong, while those currencies that vowed to replace it have all disappeared. After several years of ups and downs, ups and downs. Only those who can hold on are the winners. Great wealth does not require much intelligence, but only enough patience. Those who achieve great things must have great perseverance.
