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Many people do not know how Ethereum originated and how it has evolved. Today, based on the accumulated experience, come on, let's tell everyone, it is indeed more exciting than in television series.
Stage 1: In July 2014, ETH was released at a price of 1.86 yuan. After the release, the price fluctuated between 1.4 yuan and 2 yuan for the whole year. Most people couldn't hold on and started selling, mainly not making money, and some even incurred losses.
Stage 2: In August 2015, the price rose to 23 yuan, eventually increasing by 12 times. Many people took profits and exited. In November, the price dropped to 2.7 yuan, falling by 90%. During this notable period of growth and decline, over 90% of people had already sold and exited, while some were still trying to stop losses and damages.
Third stage: 2016 was an exciting year. In March of this year, it entered a period of rapid growth, directly rising to 98 UAH, increasing 36 times in a month. Unfortunately, less than 10% of people benefited from this wealth growth. In April, it sharply fell to 45 UAH, and many began to say that Ethereum is a scam. They did not know that in June it rose to 138 UAH, in August it fell to 54 UAH, in September it rose to 92 UAH, and in December it fell to 38 UAH. This year can be said to have been turbulent and unpredictable.
Although the third stage of 2016 weathered storms and hardships, it laid a dual foundation for the popularity of Ethereum and the market. Thus, in March 2017, it directly rose to 350 yuan, increasing ninefold in three months, and then the popular "ICO" appeared in China, with all projects issuing tokens on the public blockchain Ethereum, and all raised funds being in Ether. By June 2017, the price had risen to 2660 yuan, increasing seventyfold in six months, falling to 850 yuan in July, down 78%, rising to 2520 yuan in October, increasing to 3280 yuan in November, and peaking at 9100 yuan in January 2018. In just a little over three years, Ethereum increased 4900 times.
Fourth stage: 2018, the beginning of the market cleansing model of the bearish trend. Since March, the price fell from over 9000 yuan to 2280 yuan, which was a 75% decrease. In April, it rose to 5380 yuan, then in September it fell to 1070 yuan, decreasing by 88%. The most drastic drop occurred in December when the price fell to 525 yuan, a direct decrease of 90%.
Stage five: in June 2019, the price rose to 2350 yuan, in December it fell to 720 yuan, in March 2020, when the price dropped to 312 yuan, everyone was scared, then it sharply fell to 550 yuan, a decline of over 88%. Only after the rise of DeFi from October to December did a turning point appear, the price rose to 5720 yuan. Then the price started to rise again.
Sixth stage: November 10, 2021, monthly increase to 31200 yuan.
In less than 7 years, it has grown 15,000 times. If you had bought it for 1,000 yuan back then, you would now have 15,000,000 yuan. Ask yourself, can you really handle this?